Allscripts Sells CarePort Health to WellSky
Allscripts (NASDAQ: MDRX) has agreed to sell CarePort Health, a software company that connects acute and post-acute providers and payers, to WellSky, a healthcare software solutions company, for $1.35 billion.
Overland Park, Kan.-based WellSky said that with the addition of CarePort, the company is well positioned to manage the acute-care discharge process, track patients across post-acute care settings, apply patient and population level analytics, and support EHR-based care protocols.
The companies said that WellSky’s deep experience in post-acute care and CarePort’s suite of care coordination solutions makes the combination a natural fit. CarePort clients will gain access to a broader network of post-acute providers and can leverage WellSky’s predictive analytics suite and value-based care technologies. This combination of capabilities will enable health systems, payers, and post-acute providers to more effectively collaborate in a data-driven way and enhance patient outcomes, they said.
“Together with CarePort, WellSky will establish new, meaningful connections between historically disparate settings of care. We have the exciting opportunity to bring care coordination to more providers in service of delivering more informed, personalized care,” said Bill Miller, CEO of WellSky, in a statement. “Through this agreement, we’re ensuring our clients have the intelligent technology they need to do right by their patients, collaborate with payers, and succeed in value-based care models. It’s WellSky’s mission to realize care’s potential, and this moves us that much closer to achieving it.”
CarePort’s EHR-agnostic suite of solutions connects the discharge process with post-discharge care coordination — allowing providers and payers to track and manage patients throughout their care journey. By providing end-to-end visibility across the continuum, WellSky and CarePort can improve outcomes, lower costs, and increase patient satisfaction, they said.
WellSky, which has grown through acquisition over the past few years, is a portfolio company of TPG Capital and Leonard Green & Partners and employs approximately 1,600 people. Founded in 2012, Boston-based CarePort employs more than 200 people.
The transaction is expected to close before the end of 2020.
