Careficient Inc, a provider of electronic medical records solutions, announced the acquisition of Net Health’s EMR business services, including HealthWyse, Hospicesoft, and RCM (collectively, home health and hospice).
The terms of the acquisition were not disclosed. Net Health, a provider of electronic medical records and data analytics solutions for rehab therapy centers and wound care providers, said it has divested from its home health and hospice business divisions to focus on its core specialties.
“The decision to buy Net Health’s home health and hospice product lines coincided with our growth strategy as we are expanding the company’s post-acute care footprint across the United States, Careficient said in a press statement. Careficient will retain the HealthWyse and Hospicesoft brands that Net Health acquired in 2021 and 2019, respectively.
Commenting in the M&A news, Josh Pickus, Net Health’s CEO, said, “As we deepen and expand our offerings in our core specialty areas, we wanted to make sure our home health and hospice customers and employees got the resources and attention they deserve, and we are confident we found that in Careficient. Divesting these product lines will ensure that both customers and employees have an opportunity to grow, supported by a company solely focused on home health and hospice.”
M&A activity
More than 100+ EHR/EMR companies have been acquired to date, according to our M&A database. In a notable transaction, Constellation Software, a software company, through its wholly-owned subsidiary, N. Harris Computer Corporation, announced the acquisition of Allscripts, an EHR software company, for $700 million. In another deal, Nordhealth, a provider of cloud-based practice management solutions for veterinarians and therapists, acquired Aspit, an electronic health record software provider to hospitals, for $48 million.
