Net Health to Acquire Optima Healthcare Solutions to Create Industry Leader in Personalized, End-to-End Care Solutions

July 2, VCBeat (WeChat ID:(VCBeat) It has been learned from foreign media that Net Health, a leading provider of software solutions, has announced the signing of an agreement to acquire Optima Healthcare Solutions. Optima is a major provider of electronic health record (EHR) software, offering services for skilled nursing and assisted living facilities, outpatient therapy clinics, and home health care.. The transaction is expected toCompletion in July. Both parties stated that the merged company would offer the industry’s first comprehensive, continuous solution for nursing and rehabilitation care services.

The merger of these two companies has created an industry leader that will deliver a wide range of specialized clinical services across the entire care continuum, from hospitals to patients’ homes and all points in between.。Net Health is a leader in rehabilitation therapy, wound care, hospice care, and employee health, providing healthcare providers with actionable, analytical, and user-friendly products and services.. The merged company will have a presence in more than North American14,000 medical institutions provide services to patients.

Net Health Chairman and CEO Anthony Sanzo stated, “Both companies share a tradition of designing tailored solutions for customers”innovative solutions crafted, which in the past“Having satisfied suppliers for over two decades, this transaction integrates our products, expertise, talent, and resources, accelerating our delivery of fully connected data that will enable healthcare providers to thrive in a value-based world.”

Josh Pickus, President and CEO of Optima, added：“This transaction will enable us to expand our vision of achieving cross-continuum patient care and meeting the needs of our healthcare system. As our customers navigate upcoming regulatory reforms, this deal empowers us to do more. We will deliver industry-leading provider experiences and patient treatment outcomes.”

Net Health Chief Operating Officer Patrick Colletti commented, “This combination will accelerate our innovation cycle, creating broader opportunities for our customers and the patients they serve. We look forward to paving new paths for our customers.”。”

Net Health Chairman and CEO Anthony Sanzo will continue to serve in his role following the integration of the two companies. The companyFollowing the integration, he will becomeNet Health’s Executive Chairman. Josh Pickus will join Net Health as President and Chief Integration Officer, and will succeed Sanzo as Chief Executive Officer upon completion of the integration. Patrick Colletti will continue to serve as Net Health’s Chief Operating Officer during the integration period and will serve asThe company's Chief Innovation Officer.Net Health will continue to be headquartered in Pittsburgh, Pennsylvania, serving offices across six states nationwide.

Shareholders Selling Shares IncludeOptima’s former partner is Alpine Investors. It is reported that Houlihan Lokey served as Optima’s exclusive financial advisor, while Wilson Sonsini Goodrich & Rosati acted as legal counsel. Latham & Watkins, Alvarez & Marsal Private Equity Performance Improvement, LLC, and PwC served as advisors to Net Health. The financial details of the transaction have not been disclosed.

Net Health is a portfolio company of The Carlyle Group and Level Equity. The Carlyle Group and Level Equity will inject additional equity in this transaction,Their additional investment underscores theNet Health’s strong partnerships and continued support for its strategic initiatives. Net Health plans to build leading products through targeted acquisitions, thereby reducing costs and increasing revenue.

Net Health is a leader in software solutions. As an expert in The Right of RightFit®, its EHR solutions serve five medical specialty markets and provide customers with end-to-end solutions, including practice management tools, clinical workflow documentation, revenue cycle management, expert guidance, and analytics. Net Health serves healthcare professionals at 98% of large hospital chains across China daily, and provides services to more than 3,000 private clinics nationwide specializing in acute care, wound care, physical therapy, speech and language therapy, occupational therapy, occupational medicine, employee health, and workplace medical facilities.

Optima Healthcare Solutions is a leading provider of electronic health record (EHR) software, while also offering services for skilled nursing and assisted living facilities, outpatient therapy clinics, and home health care.。For 25 years, Optima has led the industry with its treatment management software. Today, more than 11,000 service sites rely on its comprehensive clinical, operational, and billing solutions to enhance business performance, ensure compliance, and improve care for millions of patients annually.

(Compiled by Zhang Jing)