Formation Capital

Formation Capital, established in 1999, is a Georgia-based private investment management firm specializing in real estate investments within the United States. It focuses on seniors housing and care, post-acute, and healthcare real estate, requiring a unique skill set to manage both real estate and operational complexities. The firm's integrated investment platform combines acquisition and asset management expertise, complemented by in-house clinical and development teams. Formation Capital's experienced management team brings together skills in healthcare, real estate, finance, mergers and acquisitions, and value-add asset management.

Ewan Bain

Analyst

Eugenia Hobbs

Vice President

Joe McDurmont

CFO

Nela Powell

CCO, Senior Vice President

5 past transactions

Skypoint

Funding Round in 2024
Skypoint's AI Platform (AIP) integrates data and AI into a cohesive SaaS platform, incorporating a Data Lakehouse and industry-specific LLMs for seamless integration of AI into operational workflows. With a focus on regulated industries, Skypoint's generative AI stack emphasizes precision, outcomes, and role-tailored AI copilots, essential for effective AI implementation in regulated settings. Skypoint offers role-specific AI Copilots and AI Agents to boost analytics, facilitate question answering, and automate tasks, thereby elevating organizational productivity and efficiency.

Skypoint

Seed Round in 2021
Skypoint's AI Platform (AIP) integrates data and AI into a cohesive SaaS platform, incorporating a Data Lakehouse and industry-specific LLMs for seamless integration of AI into operational workflows. With a focus on regulated industries, Skypoint's generative AI stack emphasizes precision, outcomes, and role-tailored AI copilots, essential for effective AI implementation in regulated settings. Skypoint offers role-specific AI Copilots and AI Agents to boost analytics, facilitate question answering, and automate tasks, thereby elevating organizational productivity and efficiency.

Skypoint

Seed Round in 2021
Skypoint's AI Platform (AIP) integrates data and AI into a cohesive SaaS platform, incorporating a Data Lakehouse and industry-specific LLMs for seamless integration of AI into operational workflows. With a focus on regulated industries, Skypoint's generative AI stack emphasizes precision, outcomes, and role-tailored AI copilots, essential for effective AI implementation in regulated settings. Skypoint offers role-specific AI Copilots and AI Agents to boost analytics, facilitate question answering, and automate tasks, thereby elevating organizational productivity and efficiency.

Seniorly

Venture Round in 2019
Seniorly, Inc. is an online platform designed to assist individuals and families in finding suitable senior housing options, focusing on small and medium-sized communities. Established in 2014 and based in San Francisco, California, Seniorly offers a comprehensive resource that includes real-time availability, pricing, videos, and inspection reports for senior communities in regions such as the San Francisco Bay Area, Sacramento, and Los Angeles. The platform leverages machine learning alongside a network of local advisors to provide personalized recommendations tailored to users' needs and budgets. Additionally, Seniorly features a marketplace of trusted services and products beneficial for families navigating senior living options. The platform supports over 5 million visitors annually, facilitating their journey in discovering appropriate senior living solutions.

CareLinx

Series A in 2015
CareLinx, established in 2011 and based in San Bruno, California, operates a nationwide online platform that connects families with licensed caregivers. The company's innovative model streamlines caregiving management, enabling families to hire, schedule, track time, coordinate care, and process payroll online. This approach reduces costs by up to 50% compared to traditional brick-and-mortar agencies, while caregivers earn higher wages. CareLinx's platform also supports clinical teams by providing tech-enabled caregivers who act as their extended eyes, ears, and hands in patients' homes, enhancing health outcomes.
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