NEW YORK — Jukebox Health, a national provider of clinically-led home modifications, has announced a strategic investment from Home Depot Ventures. This investment marks a significant stride toward making affordable and accessible housing a reality for people aging in place across the country. The amount invested was not disclosed.
As an unprecedented 10,000 people turn 65 every day, America faces a considerable challenge – only 6% of homes are designed to support safe, independent aging. Unsafe housing leads to falls, reliance on caregivers, and even relocation to institutional living. Amidst a growing population and rising costs, the burden to the healthcare system is already approaching $100B per year.
Jukebox Health addresses this complex problem by bringing together its national networks of vetted occupational therapists and contractors. After visiting a patient’s home, clinicians present their recommendations on the company’s digital home modification platform. Patients and their families can make decisions and view sponsorship from their insurance company before dispatching one of the company’s local installation partners to complete the work.
“We are incredibly excited to have Home Depot Ventures as a strategic investor. Having the largest brand in home improvement validate our mission speaks to just how important and universal the issue of aging in place has become,” said Romanos Fessas, CEO of Jukebox Health. “Together, we are poised to make a lasting impact on the healthcare and home improvement landscape, ensuring individuals can age at home with dignity and independence.”
This investment will support Jukebox Health and its innovative work to make independent living available to as many people as possible. With customers in 38 states and counting, the company is tackling the enormous challenge facing all Americans – the US must modify 30 million homes to keep pace with its aging population.
