Clearday continues strategic pivot, terminates leases of three care facilities

Clearday continues their strategic pivot to asset light solutions by terminating leases of three residential care facilities. Shedding three facilities and terminating the associated leases is expected to remove more than $27M in liabilities, subject to certain adjustments. These facilities have been a drain on cash flow. These cash flows can now be utilized to make further investments in AI empowered robotic caregiver services. CEO and Founder, Jim Walesa: “We are excited to move away from the high fixed cost, sub-optimal approach to the care crisis and continue our embrace of the future of longevity care: AI powered robotic technology.” Clearday believes success in longevity care and solving the care crisis is not about owning and operating the physical facilities, but is providing the technological solutions to extend, promote and provide a richer client life through meaningful days.