Investment group Black Pearl completed a tender offer for Selectis Health. Meanwhile, Norbert Health raised $14M in Series A funding to expand robotic nursing assistants and clinical capabilities.

Black Pearl Completes Tender Offer of Selectis Health Stock

New York-based investment group Black Pearl Equities has completed its tender offer, via a wholly owned subsidiary, to purchase all outstanding shares of common stock of Selectis Health.

A tender offer is a public proposal to buy a significant percentage of a company’s shares from existing shareholders, all at a set price and within a certain timeframe. In this case, about 90.93% of Selectis’ shares were sold for $5.75 each in cash, and the offer expired at 5 p.m. EST on Aug. 31.

Black Pearl intends to complete the acquisition of Selectis through a merger without a vote or meeting of stockholders, and Selectis will become an indirect wholly owned subsidiary of Black Pearl.

Information agent for the tender offer is Laurel Hill Advisory Group, and Broadridge Corporate Issuer Solutions is acting as depositary for the offer.

$14M Raised for Robotic Care 

AI company Norbert Health has raised $14 million in Series A funding to deepen the company’s clinical skill library for its robotic hardware platforms, advance regulatory clearances and expand deployments across skilled nursing and into new care settings.

Funding will also go toward developing post-fall neurological evaluations for Norbert’s robotic nursing assistants, as well as pressure injury prevention protocols, cognitive screening and fall risk reassessment, all on top of an existing installed “base.”

Cardinal Group’s William Marino, Exor Seeds, CareIT and angel investors Alexis Le-Quoc, Olivier Pomel, Saeju Jeong and Thomas Clozel contributed to Series A funding.

“Robots that assist nurses can help reduce the burden, but only if they have clinical skills,” Norbert Health CEO and co-founder Alex Winter said in a statement. “Previous attempts put logistics robots on healthcare floors and never touched the core of a nurse’s work. Norbert-powered robots build clinical skills in the real world, and they are the reliable path to the generic humanoid care helper of tomorrow. This round lets us accelerate.”

Norbert’s robots make rounds, capture vitals without contact, run assessments, handle patient requests and document encounters into electronic health records. The robotic nursing assistants have been used in SNFs since August 2025 – patient acceptance is 96%, and monitoring compliance has reached 82%.

PE Firm Frazier Purchases MatrixCare from Resmed

Private equity firm Frazier Healthcare Partners announced its acquisition of MatrixCare for an undisclosed amount from Resmed, a medical device company.

MatrixCare provides cloud-based electronic health record and revenue cycle management services for more than 15,000 providers in skilled nursing, senior living, home health, hospice and continuing care retirement communities.

Frazier Executive in Residence John Lujan was made CEO of MatrixCare upon closing, Frazier said in a statement.

“We are excited to partner with the MatrixCare team and to invest in the product innovation and capabilities customers need as the post-acute care landscape continues to evolve,” Ryan Lucero, general partner at Frazier, said of the acquisition.

The PE firm spent years evaluating post-acute care technology on the market before landing on MatrixCare, added Lucero.

“MatrixCare has built a trusted platform with a strong market position and a critical role in the daily operations of post-acute care providers,” Lujan said in a statement. Frazier plans to build on MatrixCare’s foundation and accelerate produce innovation and help providers deliver better outcomes.

Viventium adds scheduling, timekeeping to platform following Apploi acquisition

Viventium has expanded its healthcare-focused workforce management platform to include integrated scheduling and time-and-attendance capabilities, giving skilled nursing and senior living providers a more centralized system for managing their staff. 

The expansion follows Viventium’s acquisition of Apploi and brings the two companies’ workforce capabilities together, a company spokesperson said, in a platform that spans recruiting, applicant tracking, onboarding, human resources, payroll, compliance, scheduling, time and attendance and retention. 

Many long-term care providers continue to rely on separate systems for recruiting, scheduling, timekeeping and payroll, creating administrative work and limiting visibility into workforce trends, Viventium’s press release noted, and integrating those functions could give operators a more complete view of their workforce and help them identify staffing needs, manage labor costs and reduce manual processes. 

“Healthcare organizations need more than standalone workforce tools,” Navin Gupta, CEO of Viventium, said in a press release. “They need connected systems that support caregivers from applicant to employee and from schedule to paycheck.”

The combined platform also positions providers to make greater use of workforce analytics, automation and AI-driven insights as they seek to improve staffing decisions and operational efficiency, the company said. 

The move comes as nursing homes continue to navigate staffing fluctuations, rising labor costs and persistent challenges retaining caregivers.

(Editor Zahida Siddiqi contributed to the reporting.)