WellSky Acquires HCS, Entering Long-Term Acute Care and Inpatient Behavioral Health Markets
Acquisition expands WellSky’s enterprise-level technology into LTACH and inpatient behavioral health care settings and offers HCS enhanced resources for continued advancement
LENEXA, Kan. — Feb. 26, 2019 — WellSky, a leading health and community care technology company backed by TPG Capital, and Health Care Software, Inc. (HCS), a leading provider of integrated clinical and financial IT software for long-term and post-acute care providers, today announce that WellSky has acquired HCS. HCS’s software serves providers across the spectrum of care — including long-term acute care hospitals (LTACH) and inpatient psychiatric, inpatient rehab, senior living, and long-term care facilities. With HCS, WellSky expands its extensive suite of solutions to serve an even broader range of care settings.
This acquisition solidifies WellSky’s commitment to delivering the most comprehensive suite of solutions across post-acute care — including home health, hospice, long-term care, rehab, home infusion, specialty pharmacy, home medical equipment, and now LTACH and inpatient psychiatric care. Every day, providers serve patients transitioning from one care setting to another. Because care transitions are often regarded as the most vulnerable points in a patient’s care journey, WellSky is committed to providing innovative technology and services that better connect providers across the care continuum.
“At WellSky, we’re using innovative technology to connect once-disparate care settings to ensure patients receive seamless quality care, regardless of how they transition during their care journeys,” said Bill Miller, CEO of WellSky. “HCS is highly respected for providing clients with flexible, enterprise software solutions, and together, we’re committed to continuing that legacy and advancing long-term and post-acute care.”
The HCS Interactant® solution is an enterprise health care information technology platform, serving patients with complex needs who require longer term hospital stays and highly specialized care. Serving thousands of client locations across LTACHs, behavioral health facilities, and senior living facilities, Interactant helps multi-site providers deliver quality, safe patient care, while also increasing efficiencies and financial performance.
Together, WellSky and HCS will help post-acute care providers elevate their quality of care, fulfill regulatory demands and mandates, and meet ever-growing patient and provider needs. Through this acquisition, HCS is better positioned to navigate today’s ever-evolving market — connecting to the full continuum of care and gaining access to powerful analytics, care management tools, and new investments in technology and services to enable their success in new reimbursement and care delivery models.
Both WellSky and HCS are aligned in their shared dedication to building a culture of innovation, delivering outstanding client service, and empowering exceptional patient care. The acquisition also allows WellSky to accelerate growth and capture new market opportunities to deliver a broader set of products and services to established enterprise clients.
“WellSky understands HCS’s mission to better serve specialty hospitals, inpatient rehab facilities, and senior living providers, and we’re excited to unite our resources and capabilities to support our clients in even more ways,” said Tom Fahey, CEO of HCS. “WellSky’s proven commitment to post-acute care makes this a great match, and we know this will benefit all of our clients.”
HCS will maintain its office and operations in Wall Township, New Jersey, with CEO Tom Fahey continuing to lead in that location. HCS clients will see no immediate changes to their software and the excellent customer service they have come to expect. The company will be gradually integrated into the WellSky brand over time.
For more information, visit WellSky.com.
WellSky is a technology company advancing human wellness worldwide. Our software and professional services address the continuum of health and social care — helping businesses, organizations, and communities solve tough challenges, improve collaboration for growth, and achieve better outcomes through predictive insights that only WellSky solutions can provide. A portfolio company of TPG Capital, WellSky serves more than 10,000 customer sites around the world — including the largest hospital systems, blood banks and labs, home health and hospice franchises, government agencies, and human services organizations. Informed by more than 30 years of providing software and expertise, WellSky anticipates providers’ needs and innovates relentlessly to help people thrive. Our purpose is to empower care heroes with technology for good, so that together, we can realize care’s potential and maintain a healthy, flourishing world. For more information, visit www.WellSky.com.
HCS provides an integrated clinical and financial IT platform to LTACH, senior living, and behavioral health facilities. Since 1969 the HCS Interactant® platform has been delivering enterprise-wide and easy-to-adopt solutions for revenue cycle management, financial reporting, electronic medical records, mobile technology, and business intelligence. For more information, visit www.hcsinteractant.com.
TPG is a leading global alternative asset firm founded in 1992 with more than $84 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit www.tpg.com.