Appriss Health, a provider of cloud-based care coordination software and analytics solutions focused on behavioral health and substance use disorders, backed by Clearlake Capital Group LP and Insight Partners, has completed its acquisition of PatientPing, a provider of care coordination data and software services focused on patients with complex needs, and senior care.
“Appriss Health is proud to serve a broader community of healthcare professionals with unique data insights, analytics, and real-time clinical decision support,” said Rob Cohen, president of Appriss Health. “Through our combined technology solutions, clinicians and care teams will be able to connect and collaborate on a common platform to better support their patients’ whole physical and behavioral healthcare experience. Together, we are well-positioned to deliver on one of the most significant issues facing our nation today – behavioral health care coordination. We have the joint technologies in place to not only benefit providers across the healthcare system, but also to improve public health for the better.”
“Clinical encounters – in the ER, after surgery, after rehab in a skilled nursing facility, in an outpatient clinic, at a behavioral health facility – are fragile moments in our lives,” said Jay Desai, co-founder and CEO of Patient Ping. “Providers need information and tools that provide patients with the best possible care during and after an episode. Our products stitch together incredibly seamlessly to empower providers so they can improve care episodes and transitions.”
“Ten years ago, we started with a very specific mission of delivering technology solutions to tackle the opioid crisis in the country,” said Krishnan Sastry, CEO of Appriss. “We knew back then that someday we would positively impact the health of every American. I am delighted to see us take a major step in that direction with this transaction. I am impressed with the talent and passion in the PatientPing organization. Jay and Rob have been working to expand an outstanding team that is already well on its way to creating the best solutions for the markets we serve. I’m looking forward to sharing more details of our combined innovations in the months ahead.”
Evercore and District Capital Partners acted as financial advisors to Appriss, Clearlake and Insight Partners. Deutsche Bank acted as financial advisor to PatientPing.