LOUISVILLE, Ky. and BOSTON, Might 6, 2021 /PRNewswire/ — Appriss Well being, a pacesetter in cloud-based care coordination software program and analytics options centered on behavioral well being and substance use issues, backed by Clearlake Capital Group, L.P. (along with its associates, “Clearlake”) and Perception Companions, introduced in the present day that it has accomplished its acquisition of PatientPing, a pacesetter in care coordination knowledge and software program options centered on sufferers with complicated wants, and senior care. The transaction valued the mixed firm at over $1.5 billion.
Collectively, the businesses count on to ship on a shared mission of enabling higher look after sufferers throughout the bodily and behavioral well being continuum. The mixed software program options assist healthcare professionals collaborate on shared sufferers throughout the spectrum of care, which improves affected person outcomes and lowers complete value of care. The acquisition creates a big and numerous care collaboration community throughout the nation, connecting shut to at least one million healthcare professionals in all 50 states and nearly all care settings together with major and specialty care, emergency departments, inpatient services, expert nursing services, post-acute services, behavioral well being therapy facilities, pharmacies, dwelling well being businesses and state well being businesses.
“Appriss Well being is proud to serve a broader group of healthcare professionals with distinctive knowledge insights, analytics, and real-time scientific choice help,” mentioned Rob Cohen, President of Appriss Well being. “By way of our mixed expertise options, clinicians and care groups will be capable of join and collaborate on a typical platform to higher help their sufferers’ complete bodily and behavioral healthcare expertise. Collectively, we’re well-positioned to ship on some of the vital points going through our nation in the present day – behavioral well being care coordination. We’ve got the joint applied sciences in place to not solely profit suppliers throughout the healthcare system, but in addition to enhance public well being for the higher.”
“Medical encounters – within the ER, after surgical procedure, after rehab in a talented nursing facility, in an outpatient clinic, at a behavioral well being facility – are fragile moments in our lives,” mentioned Jay Desai, Co-Founder and CEO of PatientPing. “Suppliers want data and instruments that present sufferers with the very best care throughout and after an episode. Our merchandise sew collectively extremely seamlessly to empower suppliers to allow them to enhance care episodes and transitions.”
“Ten years in the past, we began with a really particular mission of delivering expertise options to deal with the opioid disaster within the nation. We knew again then that sometime we might positively affect the well being of each American. I’m delighted to see us take a significant step in that course with this transaction,” mentioned Krishnan Sastry, CEO of Appriss. “I’m impressed with the expertise and fervour within the PatientPing group. Jay and Rob have been working to develop an excellent crew that’s already properly on its approach to creating the most effective options for the markets we serve. I am wanting ahead to sharing extra particulars of our mixed improvements within the months forward.”
The mixed Appriss Well being and PatientPing platform serves the most important built-in affected person care supply methods within the U.S., together with 2,500 hospitals, 7,500 post-acute services, 25,000 pharmacies together with each nationwide pharmacy chain, and 43 state governments. With out complete knowledge and the fitting instruments within the scientific workflow, caregivers battle to formulate cohesive therapy plans, resulting in disjointed and inefficient care that in the end impacts the affected person expertise and well being outcomes. In lots of instances, diminished coordination leads to a scarcity of effectiveness and a rise in prices. Whereas many suppliers and payers are actively implementing coordinated care fashions, to completely notice the advantages, they want software program options that supply insights based mostly on complete knowledge units to speak throughout a big community of caregivers. Appriss Well being and PatientPing’s mixed software program and analytics options will present entry to high-integrity scientific data and purposes which are each correct and improve care choices.
Evercore and District Capital Companions acted as monetary advisors to Appriss, Clearlake and Perception Companions. Deutsche Financial institution acted as monetary advisor to PatientPing.
About Appriss Well being
Appriss Well being is a number one SaaS platform for behavioral well being care coordination and is a acknowledged chief in offering software program and knowledge analytics options to determine and mitigate Substance Use Problems. Appriss Well being’s cloud-based software program connects practically a million healthcare professionals throughout 500 scientific software program methods together with over 140 digital well being data. The platform allows healthcare professionals to make higher scientific selections for over 1 billion affected person encounters yearly. Well being plans, well being methods, pharmacies, and federal and state governments depend on Appriss Well being’s platform, purposes, and knowledge analytics to positively affect affected person outcomes and handle the rising monetary and social prices of behavioral well being points. Go to www.apprisshealth.com to be taught extra.
PatientPing is an progressive care collaboration platform that reduces the price of healthcare and improves affected person outcomes by seamlessly connecting suppliers to coordinate affected person care. The platform allows suppliers to collaborate on shared sufferers via a complete suite of options and permits supplier organizations, well being plans, governments, people, and the organizations supporting them to leverage real-time affected person knowledge to succeed in their shared objectives of bettering the effectivity of our healthcare system. PatientPing’s community connects over 1,250 hospitals, 7,000 post-acute care services, and a whole lot of different suppliers corresponding to Federally Certified Well being Facilities (FQHCs), social and human service businesses, pressing cares, and behavioral well being organizations amongst others. Go to www.patientping.com to be taught extra.
About Appriss Inc.
Appriss Inc. is a knowledge and analytics firm on a mission to place information to work for good on the planet. Based in Louisville, KY in 1994, Appriss’s expertise services assist purchasers analyze traits, determine dangers, and make higher selections that enhance the well being, security and wellbeing of people and communities. Guided by their “Data for Good” philosophy, Appriss serves companies, governments, healthcare establishments and industrial enterprises in over 25 nations throughout 4 continents. Extra data is accessible at www.appriss.com.
Based in 2006, Clearlake Capital Group, L.P. is an funding agency working built-in companies throughout personal fairness, credit score and different associated methods. With a sector-focused strategy, the agency seeks to companion with skilled administration groups by offering affected person, long run capital to dynamic companies that may profit from Clearlake’s operational enchancment strategy, O.P.S.® The agency’s core goal sectors are industrials, expertise, and shopper. Clearlake at present has roughly $35 billion of belongings underneath administration, and its senior funding principals have led or co-led over 300 investments. The agency has places of work in Santa Monica and Dallas. Extra data is accessible at www.clearlake.com and on Twitter @ClearlakeCap.
About Perception Companions
Perception Companions is a number one world enterprise capital and personal fairness agency investing in high-growth expertise and software program ScaleUp corporations which are driving transformative change of their industries. Based in 1995, Perception Companions has invested in additional than 400 corporations worldwide and has raised via a collection of funds greater than $30 billion in capital commitments. Perception’s mission is to search out, fund, and work efficiently with visionary executives, offering them with sensible, hands-on software program experience to foster long-term success. Throughout its folks and its portfolio, Perception encourages a tradition round a perception that ScaleUp corporations and progress create alternative for all. For extra data on Perception and all its investments, go to insightpartners.com or comply with us on Twitter @insightpartners.
For Appriss Well being:
Sarah Larrow/Jill Anderson
Lambert & Co.
For Perception Companions:
SOURCE Appriss Well being