WellSky Acquires Corridor from HealthEdge Investment Partners

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.

The Corridor Group Acquires Comprehensive A/R Solutions

April 4, 2023

Healthcare Services

The Corridor Group Holdings, LLC (a portfolio company of HealthEdge Investment Partners) has acquired Comprehensive A/R Solutions, a revenue cycle management provider focused on Skilled Nursing Facilities. Sandy Shur, founder of Comprehensive, will continue to lead the business and join Corridor's executive leadership and Board as Corridor expands its post-acute, technology-enabled RCM capabilities.

Corridor Acquires Select Data's Outsourced Services Business Unit

January 19, 2023

Healthcare Services

The Corridor Group Holdings, LLC (Corridor), a portfolio company of HealthEdge Investment Partners, acquired the outsourced services business unit of Select Data, LLC. Corridor will integrate Select Data's tech-enabled coding and clinical documentation review services and extensively use Select Data's SmartCare AI platform while Select Data remains independent to focus on its SmartCare healthcare AI solution.

WellSky to Acquire TapCloud to Bolster Patient Engagement Technology

February 22, 2022

Healthcare Services

WellSky, a health and community care technology company, announced that it intends to acquire TapCloud, a virtual patient engagement technology company. The deal is designed to strengthen patient-provider collaboration and enable real-time, AI-driven patient insights to support value-based care and lower costs.

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.

TPG Capital and Leonard Green & Partners Invest in WellSky

July 20, 2020

Healthcare Services

WellSky has agreed to a new capital partnership that adds Leonard Green & Partners alongside existing investor TPG Capital, with TPG making a new equity investment and creating a new capital structure for the company. The recapitalization is intended to accelerate WellSky's technology innovation and expansion across the post-acute and community care continuum; terms were not disclosed and the deal was expected to close in Q3 2020.