Sage Secures $35 Million Debt Facility to Enhance Senior Living Infrastructure

In a significant development for the senior care industry, Sage has successfully acquired a specialized debt facility amounting to $35 million with the support of Stifel Bank. This strategic financial move is part of a broader initiative to transform senior living and skilled nursing facilities. By integrating a Hardware-as-a-Service (HaaS) model, Sage aims to modernize aging infrastructures that have long hindered the quality of care delivered to residents.

The announcement, made on July 8, 2026, revealed that this infusion of capital comes alongside a more extensive $65 million Series C equity round led by Goldman Sachs Alternatives, bringing the total funding secured by Sage in 2026 to an impressive $100 million. This capital is pivotal in enabling senior living operators to access Sage's advanced operating system without the burden of hefty upfront investments, often exceeding $150,000 to $300,000, a common hurdle that communities face while upgrading their outdated systems.

The senior care technology sector has become increasingly overcrowded, fraught with fragmented solutions that are often costly and inefficient. Traditional financing models in this field typically result in increased costs for replacement hardware and ongoing support fees, forcing many facilities to postpone vital upgrades. This reliance on outdated equipment has dire consequences, as it compromises resident safety and contributes to the industry's alarming 80% staff turnover rate.

Sage's innovative approach combines both software and hardware, allowing operators to seamlessly deploy AI-powered safety tools, such as advanced fall detection sensors and life safety devices. These tools significantly improve response times for caregivers and help prevent dangerous situations for residents. By marrying technology with care, Sage strives to enhance the quality of life for residents in senior living environments.

Raj Mehra, co-founder and CEO of Sage, articulated the mission of this financial restructuring: "When a senior living community has to delay upgrading a broken or outdated life safety system due to budget constraints, it is the residents and the frontline caregivers who pay the price. We restructured our model to eliminate that barrier—ensuring operational readiness without unnecessary delays. Our success is tied to theirs."

The recent funding from Stifel Bank serves as institutional validation for Sage’s recurring-revenue model, representing a shift from the industry norm of one-time hardware sales. This fresh perspective on financing will drive consistent support for operators, reducing costs and enhancing customer service significantly. Traditionally, vendors have lacked the motivation to engage in long-term partnerships, often resulting in stagnant offerings and poor customer experiences.

With this new debt facility in place, communities across the nation can access Sage's expanding platform, which includes significant tools like Sage Core and Sage Detect, as well as EHR-integrated workflows to streamline care delivery. Sage’s approach to ongoing upgrades fosters partnerships that ensure communities remain equipped with state-of-the-art technology, creating an environment where innovation thrives and caregiver burnout is reduced.

Finally, Sage underlines their commitment to redefining senior living care by directly addressing the operational challenges faced by facilities in a fast-evolving landscape. The increased funding not only supports technological advancements but ultimately empowers communities to make meaningful improvements in the lives of their residents. As the company continues to innovate, it stands at the forefront of a movement aimed at reshaping how care is delivered to our aging population.

For more detailed insights about Sage and its initiatives, interested parties can visit Sage Health.

About Sage

Sage is recognized as the industry's first fully integrated care platform focused on senior living and skilled nursing. Founded by individuals who personally experienced the challenges of the healthcare system, Sage aims to replace outdated frameworks with cutting-edge technology and AI insights aimed at enhancing quality care.

About Stifel Venture Banking

Stifel Venture Banking provides tailored banking and debt financing solutions to venture capital-backed technology corporations and their investors, ensuring sustainable growth and support within the tech ecosystem.