Square Co-Founder Invests in Seniors Housing Healthcare Provider EmpowerMe

by Jeff Shaw

ST. LOUIS — EmpowerMe Wellness, a St. Louis-based integrated healthcare provider to senior living communities, announced that Jim McKelvey, serial entrepreneur and co-founder of Square (NYSE: SQ), has made an investment in the company.

McKelvey joins lead investor Hermann Cos., a St. Louis-based holding company owned by the Hermann family and led by CEO Bob Hermann and COO Rick Holton.

“EmpowerMe’s mission of improving the lives of seniors by using technology and integration is what led me to invest,” says McKelvey. “Having founded a technology company to serve the underserved at Square, EmpowerMe’s approach to senior living really resonated.”

With a presence in over 375 communities in 20 states, EmpowerMe has grown significantly since adding the Hermann Cos. as its sponsor in November 2020. The company provides therapy, diagnostic, pharmacy and primary care services.

EmpowerMe has raised over $100 million in the last 12 months to develop its delivery model, add additional services and support its nationwide growth strategy.

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