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WellSky to acquire ClearCare
Posted on Wednesday, 09 October 2019 11:46
WellSky has agreed to buy US-based software-as-a service (Saas) platform for home care agencies ClearCare for an undisclosed sum.
The transaction, which will strengthen the purchaser’s position in the personal care market, remains subject to the usual closing conditions and regulatory approvals.
California-headquartered ClearCare claims to be the leading SaaS technology platform for the in-home nursing sector.
The group has 600,000 professionals which serve more than 4,000 personal care agencies across the US and Canada.
ClearCare’s technology provides caregiver applicant tracking, employment screening, and staff finder scheduling, among other activities, for clients such as marketers, billers and recruiters.
The company’s platform also allows health and hospice operators to partner with personal care agencies.
Bill Miller, chief executive of the acquiror, said: “ClearCare adds an important new dimension to WellSky’s comprehensive offerings, and this acquisition strengthens WellSky’s ability to better connect care across the continuum.
“With our shared vision of using interoperable technology to manage individuals across the care continuum, together, we can improve outcomes and close gaps in post-acute and community care.”
As a result of the deal, the buyer will be able to deliver additional software and services to clients, which will help support further growth and scale within the home care industry.
Based in Kansas, WellSky provides technology and activities for a range of health providers worldwide.
Its software includes WellSky Rehabilitation, which allows clients to meet regulatory requirement changes, ensure staff productivity and increase revenue.
The group serves more than 10,000 customers globally, such as blood banks and laboratories, government agencies and hospital systems.
Since the beginning of 2019, there have been 48 deals targeting home health care services providers announced worldwide, according to Zephyr, the M&A database published by Bureau van Dijk.
Encompass Health agreed to pick up Alacare Home Health Service’s US-based assets for USD 217.50 million, in the largest of these to date.
© Zephus Ltd