Net Health, a provider of cloud-based software solutions for specialized outpatient care, today announced it has acquired cloud-based post-acute care EHR provider Optima Healthcare Solutions. Optima post-acute care EHR platform supports contract therapy companies, skilled nursing and assisted living facilities, outpatient therapy clinics, home health therapy providers and hospice organizations.
Acquisition Benefits for Net Health
Once the acquisition closes, the combined company will serve patients in more than 14,000 facilities across North America. Net Health will continue to be headquartered in Pittsburgh, PA, serving customers nationwide with office locations in six states. The combination of these two companies creates one industry leader serving multiple specialized clinical settings throughout the continuum of care–from the hospital to the patient’s home and all points in between.
Net Health Background
Known for being experts in The Art of the Right Fit®, Net Health’s fully interoperable EHR solutions serve five medical specialty markets and offer clients an end-to-end solution that includes practice management tools, clinical workflow documentation, revenue cycle management, expert coaching, and analytics. Today, Net Health serves healthcare professionals in 98% of the largest hospital chains as well as private practices around the country–driving workflow in more than 3,000 urgent care, wound care, physical therapy, speech and language therapy, occupational therapy, occupational medicine, employee health, and workplace medicine facilities each day.
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Financial Details
Net Health is a portfolio company of The Carlyle Group and Level Equity. Investment funds affiliated with each will invest additional equity in the deal. Selling shareholders include Optima’s prior partner, Alpine Investors. Houlihan Lokey served as exclusive financial advisor to Optima, while Wilson Sonsini Goodrich & Rosati acted as legal counsel. Latham & Watkins LLP, Alvarez & Marsal Private Equity Performance Improvement, LLC, and PwC served as advisors to Net Health. Financial details of the transaction were not disclosed.
Date: July 11, 2019
Source: HIT Consultant
