TheGetWellNetwork has been acquired by private equity firm Welsh, Carson, Anderson & Stowe (“WCAS”). The GetWellNetwork solution is deployed in over 30,000 hospital beds nationwide and facilitates over seven million patient interactions per year.
“GetWellNetwork is the most innovative and rapidly growing company delivering patient engagement solutions to healthcare providers,” said Michael Donovan, General Partner of WCAS. “Patient engagement and satisfaction have emerged as a business imperative and critical area of focus for the healthcare industry, and as a result, we are excited about the future opportunities that lie ahead for GetWellNetwork.”
GetWellNetwork’s solutions help healthcare providers engage, educate and empower patients along the care continuum. The Company’s patient-centered platform, delivered across multiple technology platforms including mobile devices, computers and televisions, enables providers to implement a revolutionary care delivery model called Interactive Patient Care to improve performance and patient outcomes. The Company further extends the value of existing IT investments by integrating seamlessly with electronic medical record and patient portal applications.
“We are extremely proud to partner with Welsh, Carson, Anderson & Stowe on the next chapter of our journey to build a platform for patient engagement for the world’s leading healthcare providers.” said Michael O’Neil, Founder and Chief Executive Officer of GetWellNetwork. “WCAS has the unique combination of investment experience, industry focus and capital resources that will add significant value to expanding and differentiating our solution and delivering services and support to our clients.”