LENEXA, Kan. (December 14, 2018)—WellSky, a health and community care technology company backed by TPG Capital, has acquired Consolo Services Group, a provider of fully-integrated, web-based IT solutions for the hospice and palliative care industries. Consolo offers WellSky an entry point in palliative, adult day and memory care markets.
Both WellSky and Consolo deliver comprehensive and cloud-based solutions that support a growing number of post-acute care settings. WellSky sees significant growth potential by incorporating Consolo’s strong palliative care capabilities and the opportunity to deliver solutions to palliative care customers.
“Consolo’s purpose-built technology is an excellent addition to WellSky’s market-leading hospice software. By combining our expertise in hospice software and services, WellSky Hospice and Consolo will enhance the experiences for our customers across both companies," said Bill Miller, CEO of WellSky.
WellSky Hospice and Consolo anticipate their collaboration will help post-acute care providers elevate their quality of care, fulfill regulatory demands and mandates, and meet ever-growing patient and provider needs, according to WellSky. Aligned in their dedication to powering better post-acute care, WellSky and Consolo will continue to operate, develop and support both hospice electronic health record (EHR) platforms.
“WellSky shares Consolo’s passion in providing hospice and palliative care providers with the solutions they need to improve operations, streamline clinical workflows, and enhance patient satisfaction, especially as the demands for these services continue to grow alongside our aging population,” said Greg Kite, CEO of Consolo.
Consolo will maintain its headquarters in Lexington, Kentucky. Kite will continue to lead the team in that location.
This transaction represents the fifth acquisition of 2018 by WellSky to serve post-acute care with the ‘Silver Tsunami’ of baby boomers aging into care:
- January 2018 acquisition of MEDTranDirect Inc., a provider of software solutions for health care revenue cycle management and an approved network service vendor for Medicare
- July 2018 acquisition of Fazzi Associates, one of the largest and most respected companies serving home health and hospice
- August 2018 acquisition of BlueStrata EHR, a cloud-based electronic health record (EHR) for long-term post-acute care providers
- August 2018 acquisition of Rock-Pond Solutions, a business intelligence and analytics software provider for the home infusion, home medical equipment (HME) and specialty pharmacy industries
For more information, visit wellsky.com and consoloservices.com.
