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Small Business Spotlight: 11/29/12

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    Entrepreneur creates option for elderly care closer to home

  • Duration 2:53
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This transcript is automatically generated

Too high for many investors though they say even in this tough economy some on to her new words are carving out.

A niche if -- well is some sort of innovation and in our spotlight on small business today we're checking out.

A business that that makes good rainy pot that's it they're calling them there -- long term care housing options for the elderly.

They're portable all they can be set up render proper -- in your backyard if you want.

The -- there is specifically designed to meet the needs of your loved ones and are an option some say to choosing over nursing homes Texas a shot of the inside of one of them can deepen as the president and CEO of -- -- care.

His company makes these so called the -- -- near feature this -- can an article in the Washington Post which is what sparked their interest in all of this still so what exactly.

Is inside.

A draining pot.

Well first of -- -- -- -- -- Jenna and inside.

Is much of what you would think of as the technology and assisted living technology that you would find.

In a nursing home room -- in a hospital room except -- in this little apartment that is close to your family.

And what our company is about it's about what we call -- managed care it is connecting the family once again to.

This time of care in people's lives and so that's how we think of it.

Can never really interesting background Britain -- this idea come from.

Well about seven years ago I was working on a Ph.D.

in international development and not as I was traveling throughout the world I begin the notice how differently.

Is that other cultures took care of eighteen people how they saw aging.

And now I begin to ask myself why it was so different in these other countries than it was here in the United States and up.

So as I looked at this because at the end of one's life everywhere else in the world.

You've basically come back into the family and it is a place of greatest scheme of great prestige.

But I didn't see that happening here in the United States and so we begin to research why in one of the things that we came up what with was the fact that there were not.

A lot of good options to -- participating in in the care.

Of their loved ones and so we begin to look at different things and finally we came up with this -- which is called.

The Mitt -- -- and we're excited about it and yeah.

I cannot speak.

How much did these these -- kinds -- cost and how many have you sold.

We are just that what you call proof of concept and not the one in the Washington Post is about maybe ten miles outside of Washington.

And that one is the ultimate model and it cost about a 125000.

Dollars.

But depending on how he needed outfit -- call cost anywhere from 55000.

282 person when it cost about 75000.

If it's intensely medical though it's that much more expensive.

It's very interesting idea can we look forward to checking back in with your hearing -- the company's dying thanks for the times say we appreciate -- thank you think again.

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