Signify Health Acquires TAV Health to Enhance Patient-Clinician Communication Through Community Health Network

VCBeat (WeChat ID: vcbeat) recently learned that Signify Health, a home healthcare company headquartered in Texas, USA, has announced the acquisition of TAV Health, a community network company. The transaction amounts to several million dollars, with New Mountain Capital serving as the financial advisor. Other specific terms of the acquisition have not been disclosed.

Signify Health is a healthcare services company that partners with biotechnology and pharmaceutical companies. Leveraging an innovative technology platform, comprehensive databases, and an extensive clinical network, it delivers professional care to patients to improve their health and quality of life. The company’s clinicians regularly conduct home visits to assess whether household conditions meet the social determinants of health (SDOH) criteria outlined by the New York State Department of Health, including food security, hygiene, and other factors, thereby establishing comprehensive health records for patients. These records encompass not only physical health status but also social and environmental factors. Currently, Signify Health manages a nationwide network of 4,000 physicians and nurses, providing in-home healthcare services to more than one million patients annually.

Business promotional image (Source: Signify Health official website)

TAV Health has built a community health collaboration network. When patients require hospital transfers, both patients and healthcare institutions share information on this platform. With over nine years of experience and nearly 3 million users, TAV Health’s mature business model is driving the sustained upward development of the health industry.

“Social, environmental, and behavioral factors have a significant impact on health,” said Kyle Armbrester, CEO of Signify Health. “Although we have abundant data on these factors, the healthcare industry has long faced challenges in bridging the gap between demand and supply. TAV Health’s network-based services provide an ideal solution to this problem.”

“We are delighted to join Signify Health to help the company deliver comprehensive services to patients anytime, anywhere,” said Dr. Jamo Rubin, CEO of TAV Health. “Patient needs have long been overlooked, and we are excited to integrate our social networking platform with Signify Health’s clinical expertise to provide holistic care for patients.”

New Mountain Capital is a New York-headquartered investment firm founded by Steven B. Klinsky in 2000. The firm emphasizes value growth and business building in its investments, rather than high risk or debt leverage. New Mountain’s parent company is New Mountain Finance Corporation (NYSE: NMFC). The firm currently manages private equity funds, public equity funds, and credit funds, with total assets under management exceeding $20 billion.

(Compiled by: Yang Shaobo)