WellSky, a digital well being service firm, scooped up affected person engagement firm TapCloud for an undisclosed sum.
TapCloud will convey with it its digital patient-facing app, which lets customers talk with clinicians and report signs. Sufferers can get each day reminders and academic sources via the app. The software can also be in a position to acquire details about remedy adherence and a affected person’s social determinants of well being.
On the scientific aspect, suppliers can entry details about patient-reported outcomes. The EHR-agnostic expertise additionally lets medical doctors talk with sufferers.
WHY IT MATTERS
As soon as the acquisition is full TapCloud will combine with WellSky’s predictive analytics expertise. Particularly, the acquisition is positioned to broaden WellySky’s information set by incorporating extra patient-reported outcomes. WellSky pitches this M&A as a means to assist enhance care collaborations and coordination for suppliers.
“With WellSky, we achieve entry to a bigger community and elevated funding, which is able to broaden our attain and permit much more sufferers and households to be energetic contributors of their care journeys,” Phil Traylor, CEO of TapCloud, mentioned in an announcement.
“Collectively, we’re nicely positioned to develop the methods we might help our shoppers achieve success, regardless of which EHR platform they use. I’m excited to see how we’ll innovate collectively.”
THE LARGER TREND
WellSky has a protracted historical past of acquisitions. In April, the corporate acquired social determinants of well being firm Healthify. Its earlier acquisitions embody Fazzi Associates, BlueStrata, Rock Pond Options, MEDTranDirect and Consolo.
M&As are a preferred exit possibility for digital well being corporations. Rock Well being reported in 2021, there have been, on common, 23 digital well being exits via M&A every month.