Curavi Health Inc. announced it has purchased telemedicine company TripleCare.
The business will now work with nearly 100 facilities in 14 states. Terms of the deal were not disclosed. Both companies have created telemedicine platforms so that residents in post-acute facilities can have access to physicians on weekends, overnight and on holidays.
“We feel very like-minded,” Curavi President and CEO Alissa Meade told McKnight’s. “This acquisition is a natural fit for Curavi and our strategic growth.”
The acquisition will further Curavi’s goals to achieve scale efficiencies through an extensive physician network service, allow local providers to give telemedicine consults and to deliver specialty consultations such as geri-psych services.
Meade will be the CEO of the combined company and TripleCare’s interim CEO Mary Jo Gorman, M.D., will take a new seat on Curavi’s board. Leslie C. Davis, senior vice president of UPMC (University of Pittsburgh Medical Center) and executive vice president and chief operating officer of the Health Services Division, also will join the board.
Both Meade and Gorman agreed that nursing facilities have reframed their thoughts around telemedicine, moving from a “nice to have” to an “absolute have.”
“The other thing that is favorable in overall trends is that Medicare is increasingly recognizing how important it is,” Gorman said.
The combined entity will have 30 employees.