Net Health, a Pittsburgh-based health care software provider, on Tuesday announced its acquisition of skilled nursing data firm PointRight.
PointRight — which provides data analytics services to about 2,400 long-term and post-acute care providers, along with hospitals, accountable care organizations, and landlords — will help to enlarge Net Health’s growing footprint in the skilled nursing landscape, the companies noted.
“Through PointRight, Net Health will significantly expand how we support SNFs and their health system, accountable care organization (ACO), payer, and REIT partners,” Net Health CEO Josh Pickus said in a statement. “It also strengthens our growing analytics capabilities by providing insights into post-acute performance, which enables providers and payers to align around value-based care initiatives.”
The terms of the deal were not disclosed.
Net Health positioned the pickup as the latest in a string of acquisitions designed to bolster its analytics capabilities, including an April 2020 deal to purchase wound care firm Tissue Analytics and the separate acquisition of rehabilitation software provider FOTO Inc. (Focus on Therapeutic Outcomes).
The Cambridge, Mass.-based PointRight’s services include patient assessments, reimbursement analysis, and the streamlining of care transitions; the company also markets its software to hospitals and payers looking to improve their existing post-acute networks.
The two companies will merge staffs, according to Net Health.
“With Net Health, we have found a partner with a strong commitment to the post-acute market, and deep knowledge of the advanced analytics capabilities that underlie PointRight’s solutions,” PointRight CEO Steven Scott said in the statement. “I am confident that PointRight’s customers and employees will thrive as part of the Net Health family.”
Net Health’s reach extends to 14,000 facilities across the country, including two-thirds of SNFs and a significant proportion of major hospital chains. The firm is a portfolio company of private equity giant The Carlyle Group (Nasdaq: CG) — former owners of the HCR ManorCare nursing home chain — along with Level Equity and Silversmith Capital.