WellSky Acquires HCS, Entering Long-Term Acute Care and Inpatient Behavioral Health Markets

Acquisition expands WellSky’s enterprise-level technology into LTACH
and inpatient behavioral health care settings and offers HCS enhanced
resources for continued advancement

LENEXA, Kan.–(BUSINESS WIRE)–WellSky,
a leading health and community care technology company backed by TPG
Capital, and Health Care Software, Inc. (HCS), a leading provider of
integrated clinical and financial IT software for long-term and
post-acute care providers, today announced that WellSky has acquired
HCS. HCS’s software serves providers across the spectrum of care —
including long-term acute care hospitals (LTACH) and inpatient
psychiatric, inpatient rehab, senior living, and long-term care
facilities. With HCS, WellSky expands its extensive suite of solutions
to serve an even broader range of care settings.

This acquisition solidifies WellSky’s commitment to delivering the most
comprehensive suite of solutions across post-acute care — including home
health, hospice, long-term care, rehab, home infusion, specialty
pharmacy, home medical equipment, and now LTACH and inpatient
psychiatric care. Every day, providers serve patients transitioning from
one care setting to another. Because care transitions are often regarded
as the most vulnerable points in a patient’s care journey, WellSky is
committed to providing innovative technology and services that better
connect providers across the care continuum.

“At WellSky, we’re using innovative technology to connect once-disparate
care settings to ensure patients receive seamless quality care,
regardless of how they transition during their care journeys,” said Bill
Miller, CEO of WellSky. “HCS is highly respected for providing clients
with flexible, enterprise software solutions, and together, we’re
committed to continuing that legacy and advancing long-term and
post-acute care.”

The HCS Interactant® solution is an enterprise health care information
technology platform, serving patients with complex needs who require
longer term hospital stays and highly specialized care. Serving
thousands of client locations across LTACHs, behavioral health
facilities, and senior living facilities, Interactant helps multi-site
providers deliver quality, safe patient care, while also increasing
efficiencies and financial performance.

Together, WellSky and HCS will help post-acute care providers elevate
their quality of care, fulfill regulatory demands and mandates, and meet
ever-growing patient and provider needs. Through this acquisition, HCS
is better positioned to navigate today’s ever-evolving market —
connecting to the full continuum of care and gaining access to powerful
analytics, care management tools, and new investments in technology and
services to enable their success in new reimbursement and care delivery
models.

Both WellSky and HCS are aligned in their shared dedication to building
a culture of innovation, delivering outstanding client service, and
empowering exceptional patient care. The acquisition also allows WellSky
to accelerate growth and capture new market opportunities to deliver a
broader set of products and services to established enterprise clients.

“WellSky understands HCS’s mission to better serve specialty hospitals,
inpatient rehab facilities, and senior living providers, and we’re
excited to unite our resources and capabilities to support our clients
in even more ways,” said Tom Fahey, CEO of HCS. “WellSky’s proven
commitment to post-acute care makes this a great match, and we know this
will benefit all of our clients.”

HCS will maintain its office and operations in Wall Township, New
Jersey, with CEO Tom Fahey continuing to lead in that location. HCS
clients will see no immediate changes to their software and the
excellent customer service they have come to expect. The company will be
gradually integrated into the WellSky brand over time.

For more information, visit WellSky.com.

About WellSky

WellSky is a technology company advancing human wellness worldwide. Our
software and professional services address the continuum of health and
social care — helping businesses, organizations, and communities solve
tough challenges, improve collaboration for growth, and achieve better
outcomes through predictive insights that only WellSky solutions can
provide. A portfolio company of TPG Capital, WellSky serves more than
10,000 customer sites around the world — including the largest hospital
systems, blood banks and labs, home health and hospice franchises,
government agencies, and human services organizations. Informed by more
than 30 years of providing software and expertise, WellSky anticipates
providers’ needs and innovates relentlessly to help people thrive. Our
purpose is to empower care heroes with technology for good, so that
together, we can realize care’s potential and maintain a healthy,
flourishing world. For more information, visit www.WellSky.com.

About HCS

HCS provides an integrated clinical and financial IT platform to LTACH,
senior living, and behavioral health facilities. Since 1969 the HCS
Interactant® platform has been delivering enterprise-wide and
easy-to-adopt solutions for revenue cycle management, financial
reporting, electronic medical records, mobile technology, and business
intelligence. For more information, visit www.hcsinteractant.com.

About TPG

TPG is a leading global alternative asset firm founded in 1992 with more
than $84 billion of assets under management and offices in Austin,
Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London,
Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul,
and Singapore. TPG’s investment platforms are across a wide range of
asset classes, including private equity, growth venture, real estate,
credit, and public equity. TPG aims to build dynamic products and
options for its investors while also instituting discipline and
operational excellence across the investment strategy and performance of
its portfolio. For more information, visit www.tpg.com.

Contacts

WellSky
Virginia Anderson
602.885.2000
[email protected]

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