WellSky, a health and community care technology company, has entered into a definitive agreement to acquire Healthify, a company that improves the health of communities by connecting healthcare organizations with social service organizations to address the social determinants of health.
“With the addition of Healthify, WellSky adds yet another crucial capability to our expansive portfolio and further strengthens our position as the leading technology partner connecting care across acute, post-acute, and community organizations,” said Bill Miller, CEO of WellSky. “We have a longstanding commitment to investing in care coordination and whole-person care. By leveraging Healthify’s networks of community-based organizations and its interoperable closed-loop referral platform, payers and providers can effectively coordinate care to close gaps, improve outcomes, and promote health equity.”
“Our mission at Healthify is to build a world in which no one’s health is hindered by their socioeconomic needs, and with WellSky, I saw a similar dedication to improving health outcomes,” said Manik Bhat, co-founder and CEO of Healthify. “Together, we create a unique and powerful combination by offering one of the largest social services networks in the country; a market-defining solution set that brings healthcare and community services together; robust ROI analysis with additional clinical data; and the ability to scale social service reimbursement across the nation as we address long-term recovery from the pandemic.”
First Analysis Securities Corp. served as the exclusive financial advisor to Healthify in the transaction.