TPG Capital and Leonard Green & Partners Invest in WellSky

WellSky Acquires Corridor from HealthEdge Investment Partners

October 12, 2023

Healthcare Services

WellSky, a health and community care technology company backed by Leonard Green and TPG, has acquired The Corridor Group Holdings (Corridor) from HealthEdge Investment Partners. The acquisition expands WellSky's medical coding and revenue cycle management (RCM) capabilities for the post-acute care market and brings Corridor's tech-enabled coding, clinical documentation review, billing and collections services into WellSky's platform.

WellSky Acquires CarePort Health from Allscripts for $1.35B

October 13, 2020

Healthcare Services

WellSky, a health and community care technology company backed by TPG Capital and Leonard Green & Partners, agreed to acquire CarePort Health from Allscripts for $1.35 billion. The divestiture, expected to close before the end of 2020 subject to regulatory approvals, transfers CarePort’s client base and ~200 associates to WellSky and expands WellSky’s care coordination and post-acute capabilities.

Leonard Green & Partners Leads Recapitalization of WCG with Arsenal and Novo Holdings

November 14, 2019

Healthcare Services

An investor group led by Leonard Green & Partners, in partnership with Arsenal Capital Partners and Novo Holdings A/S, has agreed to recapitalize WCG to provide resources to accelerate growth and expand capabilities in clinical trial optimization. Financial terms were not disclosed; the transaction was announced in November 2019 and expected to close in the first quarter of 2020.

WellSky Acquires Experience Care

August 23, 2023

Healthcare Services

WellSky, a healthcare technology company based in Overland Park, Kansas, has acquired Experience Care, a provider of EHR and financial software for post-acute and long-term care providers. The deal brings Experience Care’s NetSolutions platform (serving ~150 clients and 850 facilities) into WellSky to expand capabilities in care coordination, analytics, interoperability, and revenue cycle management for long-term care organizations.

Goldman Sachs Acquires GreenSky

March 29, 2022

Payments & Fintech

The Goldman Sachs Group, Inc. completed an all-stock acquisition of GreenSky, Inc., a cloud-native fintech platform for point-of-sale home improvement lending. The deal, valued at approximately $2.24 billion, integrates GreenSky’s merchant and consumer financing capabilities into Goldman’s Marcus consumer banking platform to expand its embedded lending and payments capabilities.

WellSky to Acquire TapCloud

February 22, 2022

Healthcare Services

WellSky, a PE-backed health and community care technology company, announced it will acquire TapCloud, a virtual patient engagement platform, to strengthen patient-provider communication and integrate patient-generated data into WellSky’s analytics. The acquisition is intended to expand WellSky’s capabilities in value-based care by improving patient visibility, care coordination, and risk prediction; the deal is subject to customary closing conditions.