Netsmart acquires 'building block' in HealthMEDX deal
Valentine: The deal helps Netsmart serve community-based providers.
Netsmart has bought HealthMEDX and its electronic medical records platform, the company announced in late October. Terms of the deal were not disclosed.
“The acquisition of HealthMEDX is a major new building block on our journey to build a comprehensive platform to serve community-based providers,” said Netsmart CEO Mike Valentine. “We have the scale, experience and resources to make the investments today needed to position community-based providers for the value-based healthcare world. Managing the health of populations is impossible without tight integration between large health systems and the various community-based providers.”
Netsmart, based in Overland Park, KS, has more than 500,000 users in 24,000 organizations, with clients in behavioral health, child and family services, public health and long-term care.
Its CareFabric suite includes integrated and coordinated care, which HealthMEDX customers will now be able to use. Netsmart's HIT Value Model™ metric is a measurement system that is vendor-agnostic, the company said. It noted that many in long-term care have comorbidities that require integrated care coordination.
GI Partners and Allscripts Healthcare Solutions Inc. bought Netsmart in April in a $950 million joint venture, the Kansas City Business Journal reported. They acquired stakes from Genstar Capital. In 2014, plans were announced to integrate Netsmart's behavioral health electronic records with Allscripts' EHR system.
Pamela Pure, the CEO of Missouri-based HealthMEDX, will join Netsmart's senior leadership team.
“Netsmart provides the scale and solutions to help providers evolve to the world of value-based care, the ‘new normal' for all of healthcare, including LTC,” she said.