Pittsburgh-based health care software company Net Health has agreed to purchase electronic medical record (EMR) solutions firm Optima Health Solutions for an undisclosed amount. The companies expect the transaction to close later this month.
Upon closing, Optima will begin operating under the Net Health brand. The company develops cloud-based EMR systems designed for hospice, contract therapy companies, home health care providers, skilled nursing and assisted living facilities and outpatient therapy clinics.
Net Health is a portfolio company of The Carlyle Group and Level Equity. Investors affiliated with those groups will provide additional equity for the transaction. Health care providers using the combined company’s systems will serve patients in more than 14,000 facilities across North America, according to Net Health.
“In the therapy arena, the combined company will be able to offer a solution that covers every setting in which therapy is performed, from acute care hospitals to [long term acute care hospitals] to senior living to outpatient to the home. In a world in which therapists operate in multiple settings, this ability to have them use a single system will create enormous efficiencies,” Josh Pickus, Optima’s president and CEO, told Hospice News. “In the hospice arena, the combination will enable us to significantly enhance our solution by tightly integrating best in class wound care capabilities into the hospice workflow.”
Net Health CEO Anthony Sanzo will remain in his position as the two companies integrate. When that process is complete he will become executive chairman of Net Health. Pickus will assume the role of CEO post-integration, and in the interim will serve as president and chief integration officer.
The company’s headquarters will remain in Pittsburgh.
“We are extremely excited about what this acquisition will bring to healthcare providers across our customer base. Both companies have a legacy of designing purpose-built, innovative solutions that have delighted providers for over two decades,” Sanzo said. “Our combined products, expertise, talent, and resources will accelerate our ability to deliver the fully-connected data and predictive capabilities health care providers need to thrive in a value-based world.”