HGP Advises Experience Care in Sale to WellSkyAugust 23, 2023
WellSky, a leading health and community care technology company, announced today that it has acquired Experience Care, an innovative technology company offering a suite of software solutions for post-acute and long-term care providers. With the addition of Experience Care, WellSky expands its commitment and investment in the long-term care market.
Experience Care has a proven track record with its leading electronic health record (EHR) platform NetSolutions, serving 150 long-term care clients with 850 facilities. The combination of the two firms will enable more providers to increase operational efficiencies, improve financial performance, and turn data into meaningful information that advances resident care—further establishing WellSky as a top technology partner for post-acute and long-term care providers.
“This is a transformational time for post-acute care providers. Workforce shortages, regulatory shifts, and changes to reimbursement can have a profound impact on care delivery,” said WellSky CEO Bill Miller. “But it’s also a time of great potential in our industry, and that’s why it's important providers have a single, trusted technology partner with solutions that offer full visibility into the patient journey. With the addition of Experience Care, WellSky becomes a well-resourced and scalable intelligent care management partner for long-term care providers.”
“High-quality patient care begins and ends with the provider, and that’s why we’ve made it our mission to ensure that long-term care organizations have the best financial, clinical, and administrative tools to operate efficiently and effectively,” said Gina Barrett, chief operating officer of Experience Care. “As long-time admirers of WellSky, we couldn’t be more excited about this new partnership. The combination of our two companies will bring a whole new level of innovation to power long-term care organizations’ success.”
To read more, visit the press release here.
"HGP understood our business and market, and navigated an efficient collaborative process to an ideal outcome. We are most grateful that HGP not only delivered on value, but also a transaction that creates an exciting opportunity for our team and customers. Genuine, tenacious, and smart, the folks at HGP were the best advisors, and now friends, that we could select."
- Experience Care, Gina Barrett, COO