M&A Deal Summary

Netsmart Acquires Change Healthcare - Home Care and Hospice Solutions

On July 2, 2018, Netsmart acquired information technology company Change Healthcare - Home Care and Hospice Solutions from Change Healthcare

Acquisition Highlights
  • This is Netsmart’s 5th transaction in the Information Technology sector.
  • This is Netsmart’s 9th transaction in the United States.
  • This is Netsmart’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2018-07-02
Target Change Healthcare - Home Care and Hospice Solutions
Sector Information Technology
Buyer(s) Netsmart
Sellers(s) Change Healthcare
Deal Type Divestiture

Target

Change Healthcare - Home Care and Hospice Solutions

Nashville, Tennessee, United States
Change Healthcare, Inc. - Home Care and Hospice Solutions is a provider of health information exchange (HIE), analytics, referral management and mobility solutions.

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Buyer(S) 1

Buyer

Netsmart

Overland Park, Kansas, United States
Category Company
Founded 1968
Sector Internet Software and Services
Employees337
DESCRIPTION

Netsmart is a provider of enterprise software and software as a service (SaaS) solutions for health and human services providers. Netsmart provides technology and expertise to help health and human services providers deliver effective, outcomes-based services and care to more than 25 million persons nationwide. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services, child and family services agencies, managed care organizations and vital records offices. Netsmart was founded in 1968 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 9 of 16
Sector (Information Technology) 5 of 6
Type (Divestiture) 1 of 2
State (Tennessee) 2 of 2
Country (United States) 9 of 16
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 HomeCare Accounting Solutions

Lincroft, New Jersey, United States

HomeCare Accounting Solutions is a cloud based software company that automates back-office and clinical field operations of home care agencies such as home health, hospice, palliative care and private duty. HomeCare Accounting Solutions is based in Lincroft, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 McBee Associates

Wayne, Pennsylvania, United States

McBee Associates, Inc. is the nation’s premier health care services and consulting firm that delivers financial, operational and clinical consulting services exclusively to healthcare providers across the continuum of care. For more than 45 years, McBee has designed services to ensure the success of clients by improving clinical, operational, and revenue cycle performance. McBee offers solutions that address the unique financial and operational needs of hospitals, home health, long-term care, and other organizations

Buy -

Seller(S) 1

SELLER

Change Healthcare

Nashville, Tennessee, United States
Category Company
Founded 2007
Sector Information Technology
Employees15,000
Revenue 3.1B USD (2021)
DESCRIPTION

Change Healthcare is a provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon’s product and service offerings integrate and automate key business and administrative functions for healthcare payers and healthcare providers throughout the patient encounter, including pre-care patient eligibility and benefits verification, clinical exchange capabilities, claims management and adjudication, payment integrity, payment distribution, payment posting and denial management, and patient billing and payment processing. Change Healthcare was founded in 2007 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 2 of 4
Sector (Information Technology) 1 of 3
Type (Divestiture) 2 of 4
State (Tennessee) 1 of 3
Country (United States) 2 of 4
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-18 National Decision Support

Madison, Wisconsin, United States

National Decision Support Co. is a provider of a cloud-based solutions that deliver medical guidelines to the point of care through leading electronic health record (EHR) systems. National Decision Support was founded in 2012 and is based in Madison, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 PokitDok - Intellectual Property & Other Key Assets

San Mateo, California, United States

PokitDok, Inc. - Intellectual Property & Other Key Assets includes DokChain technology, expertise, and toolsets to provide even more advanced blockchain capabilities in the Change Healthcare Intelligent Healthcare Network.

Buy -
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