WellSky Acquires HCS, Entering Long-Term Acute Care and Inpatient Behavioral Health Markets
LENEXA, KS–WellSky, a leading health and community care technology company backed by TPG Capital, and Health Care Software, Inc. (HCS), a leading provider of integrated clinical and financial IT software for long-term and post-acute care providers, announced Feb. 27 that WellSky has acquired HCS. HCS’s software serves providers across the spectrum of care — including long-term acute care hospitals (LTACH) and inpatient psychiatric, inpatient rehab, senior living, and long-term care facilities. With HCS, WellSky expands its extensive suite of solutions to serve an even broader range of care settings.
This acquisition solidifies WellSky’s commitment to delivering the most comprehensive suite of solutions across post-acute care — including home health, hospice, long-term care, rehab, home infusion, specialty pharmacy, home medical equipment, and now LTACH and inpatient psychiatric care. Every day, providers serve patients transitioning from one care setting to another. Because care transitions are often regarded as the most vulnerable points in a patient’s care journey, WellSky is committed to providing innovative technology and services that better connect providers across the care continuum.
“At WellSky, we’re using innovative technology to connect once-disparate care settings to ensure patients receive seamless quality care, regardless of how they transition during their care journeys,” said Bill Miller, CEO of WellSky. “HCS is highly respected for providing clients with flexible, enterprise software solutions, and together, we’re committed to continuing that legacy and advancing long-term and post-acute care.”
The HCS Interactant® solution is an enterprise health care information technology platform, serving patients with complex needs who require longer term hospital stays and highly specialized care. Serving thousands of client locations across LTACHs, behavioral health facilities, and senior living facilities, Interactant helps multi-site providers deliver quality, safe patient care, while also increasing efficiencies and financial performance.
Together, WellSky and HCS will help post-acute care providers elevate their quality of care, fulfill regulatory demands and mandates, and meet ever-growing patient and provider needs. Through this acquisition, HCS is better positioned to navigate today’s ever-evolving market — connecting to the full continuum of care and gaining access to powerful analytics, care management tools, and new investments in technology and services to enable their success in new reimbursement and care delivery models.
Both WellSky and HCS are aligned in their shared dedication to building a culture of innovation, delivering outstanding client service, and empowering exceptional patient care. The acquisition also allows WellSky to accelerate growth and capture new market opportunities to deliver a broader set of products and services to established enterprise clients.
“WellSky understands HCS’s mission to better serve specialty hospitals, inpatient rehab facilities, and senior living providers, and we’re excited to unite our resources and capabilities to support our clients in even more ways,” said Tom Fahey, CEO of HCS. “WellSky’s proven commitment to post-acute care makes this a great match, and we know this will benefit all of our clients.”
HCS will maintain its office and operations in Wall Township, NJ, with CEO Tom Fahey continuing to lead in that location. HCS clients will see no immediate changes to their software and the excellent customer service they have come to expect. The company will be gradually integrated into the WellSky brand over time.