Wellcove (TELEO Capital Portfolio Company) Acquires AssuriCare
October 30, 2023
Wellcove by CHCS Services, an existing portfolio company of TELEO Capital Management, has acquired AssuriCare, a Waltham, Massachusetts–based provider of electronic visit verification and nurse assessment software for the long-term care market. The add-on acquisition is intended to integrate AssuriCare’s EVV and assessment capabilities into Wellcove’s senior market administration platform to streamline claims processing and expand capabilities for payers, providers, and home care agencies.
- Buyers
- Wellcove by CHCS Services, Inc., TELEO Capital Management, LLC
- Targets
- AssuriCare, LLC
- Platforms
- Wellcove by CHCS Services, Inc.
- Industry
- Healthcare Services
- Location
- Massachusetts, United States
- Transaction Type
- Addon
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