WellSky to Acquire TapCloud to Bolster Patient Engagement Technology

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.

WellSky Acquires Healthify

July 29, 2021

Healthcare Services

WellSky, a health and community care technology company, announced a definitive agreement to acquire Healthify, a social determinants of health (SDoH) referral and care-coordination platform. The acquisition will integrate Healthify’s interoperable closed‑loop referral technology and community-based organization network into WellSky’s portfolio to expand SDoH and care coordination capabilities; the deal was expected to close in Q3 2021.

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.

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.

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.

Kyndryl Acquires Skytap; Sells SIS Business to Broadridge

May 14, 2024

Cloud & SaaS

Kyndryl announced it has acquired privately held Skytap to expand its hybrid cloud and workload migration capabilities, and separately entered a definitive agreement to sell its Securities Industry Services (SIS) business in Canada to Broadridge Financial Solutions. The moves are part of a portfolio optimization to deepen Kyndryl's mission-critical cloud offerings while divesting a noncore transaction-processing platform.