Evolent Health Inc., has purchased Vital Decisions LLC from WindRose Health Investors LLC, the New York-based healthcare private equity firm, has completed the purchase Vital Decisions will report into Evolent’s specialty management offering, New Century Health, and will be consolidated into Evolent’s clinical solutions segment.
Founded in 2006, and headquartered in Edison, New Jersey, Vital Decisions is a provider of technology-enabled advanced care planning services, seeking to ensure ensuring that the care of individuals with serious illness aligns with their values and changing preferences throughout every step of their health journey.
“We are proud to have partnered with the Vital Decisions management team as they significantly expanded their business and capabilities,” said Oliver Moses, managing partner of WindRose. “Vital Decisions’ model has proven that through empowering individuals to take an active role in their care-plan, you can improve the quality of life for those with an advanced illness and reduce costs for the healthcare marketplace. We are pleased to have found an excellent partner for Vital Decisions in Evolent Health, which shares our commitment to aligning treatment goals among individuals, their family members, and healthcare providers.”
“WindRose has been a valued partner to Vital Decisions as we developed our service offerings and enhanced our proprietary analytics and digital solutions, and we are thankful to have had them by our side,” said Mitchell Daitz, co-founder and executive chairman of the company. “Vital Decisions was formed as a patient-focused platform to enhance alignment among patients, families, and providers regarding the care that is delivered during an advanced illness. Through our economic studies and peer-reviewed research, we found that up to 35 percent of costs in the last six months of life are for services that are unwarranted or unwanted. New Century’s focus on driving outcomes through peer-led provider collaboration will enhance the effectiveness of Vital Decisions’ services, and we look forward to the partnership.”
McDermott Will & Emery LLP acted as legal advisor for Vital Decisions. Bass, Berry & Sims PLC is acting as legal counsel to Evolent.