Allscripts to Acquire Post-Acute Care Technology Vendor Netsmart Technologies | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Allscripts to Acquire Post-Acute Care Technology Vendor Netsmart Technologies

March 24, 2016
by Heather Landi
| Reprints
Click To View Gallery

Allscripts Healthcare Solutions announced this week it is acquiring Netsmart Technologies, which provides post-acute care and human services technology solutions, in a joint venture with middle market private equity firm GI Partners.

As part of the venture, the two companies will merge Allscripts Homecare business unit into the Netsmart CareFabric suite of solution and, once the deal is complete, the combined business will operate as Netsmart. According to both companies, the deal creates the largest technology company exclusively dedicated to human services and post-acute care and Netsmart will not serve more than 24,000 home health, private duty, hospice and human services organizations, including more than 500,000 care providers.

Netsmart provides software and technology solutions designed especially for the health and human services sector, enabling clinical and business processes including electronic health records, patient management, billing, scheduling and clinical care delivery. Allscripts’ homecare business is a fully integrated system for both large and small home care organizations, automating point of care processes as well as patient intake and billing.

GI Partners will provide investments and resources that will allow Netsmart to more rapidly accelerate ongoing expansion into the evolving integrated healthcare technology sector.

Paul Black, Allscripts Chief Executive Officer of Allscripts, said in a statement, “Creating a software and services platform for caregivers to manage patients through the combined realities of post-acute care and mental health is absolutely essential to achieving the value-based care goal of healthy communities and populations.  This joint venture finally brings scale with a depth and breadth of solutions required to navigate the immense opportunities in this growing global marketplace.”

Mike Valentine, Netsmart’s Chief Executive Officer, who will continue to hold that position with the new combined business, said in a statement, “Over the last five years, Netsmart has invested heavily in new product development, enhanced our technology and cloud capabilities, grown our support and client organizations and started several new add-on businesses to complement existing offerings. As a result of these and other initiatives, Netsmart revenues, client counts and the number of associates working for the company have all nearly tripled.”

Dave Kreter, a director of GI Partners, said, "We are excited to partner with Netsmart management to continue to build upon the market leadership they have achieved in the behavioral healthcare technology space and strategically expand the business across the post-acute landscape. The GI team believes this combination will create an industry leader that can improve clinical results and reduce costs in many increasingly important areas of the healthcare ecosystem."

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More

Topics

News

Healthcare Execs Anticipate High Cost Returns from Predictive Analytics Use

Healthcare executives are dedicating budget to predictive analytics, and are forecasting significant cost savings in return, according to new research from the Illinois-based Society of Actuaries.

Adam Boehler Tapped by Azar to Serve as Senior Value-Based Care Advisor

Adam Boehler, currently director of CMMI, has also been named the senior advisor for value-based transformation and innovation, HHS Secretary Alex Azar announced.

Vivli Launches Clinical Research Data-Sharing Platform

On July 19 a new global data-sharing and analytics platform called Vivli was unveiled. The nonprofit group’s mission is to promote, coordinate and facilitate scientific sharing and reuse of clinical research data.

Survey: More Effective IT Needed to Improve Patient Safety

In a Health Catalyst survey, physicians, nurses and healthcare executives said ineffective information technology, and the lack of real-time warnings for possible harm events, are key obstacles to achieving their organizations' patient safety goals.

Physicians Still Reluctant to Embrace Virtual Tech, Survey Finds

While consumers and physicians agree that virtual healthcare holds great promise for transforming care delivery, physicians still remain reluctant to embrace the technologies, according to a new Deloitte Center for Health Solutions survey.

Geisinger, AstraZeneca Partner on Asthma App Suite

Geisinger has partnered with pharmaceutical company AstraZeneca to create a suite of products that integrate into the electronic health record and engage asthma patients and their providers in co-managing the disease.