Netsmart’s Acquisition of DeVero to Help Kindred Initiatives
Netsmart, an Overland Park, Kansas-based provider of electronic health records (EHR), data analytics and other technology services, today announced it acquired DeVero, a technology company that specializes in home health and hospice.
The companies did not disclose the acquisition price. As part of the deal, Netsmart inherits a high-profile DeVero client: Louisville-based Kindred Healthcare (NYSE: KND), the nation’s largest home health provider.
The company plans to integrate DeVero into its family of home care, long-term post-acute care and human services EHRs as well as its Netsmart CareFabric platform. As part of the deal, DeVero clients can now use Netsmart’s OneTeam services.
The acquisition will help Netsmart bolster its home care offerings and reinforce the company as the “platform of choice for post-acute care,” according to a press release.
“The addition of DeVero to our family provides our home care clients with a full-featured, home care-specific mobile clinical solution that will add even more capabilities for integration and automation across all care settings, and offers DeVero clients access to our HIE, analytics and billing solutions, among others,” said Netsmart CEO Mike Valentine in a statement.
Kindred noted that the acquisition will help facilitate new integrated business models.
“Kindred at Home believes that Netsmart’s integrated HIE, with more than 1 million connections to other providers and HIEs, will allow us to develop new integrated business models between our home care business and with other providers in the communities we serve, which will provide better care to our clients and provide Kindred with more efficient operations,” said Brandon Ballew, Kindred SVP and COO of Kindred at Home.
Kindred had not responded to requests for further comment as of press time.
DeVero served more than 57,000 users at 540 organizations centering on on home health, hospice and other in-home services. Overall, the acquisition will allow Netsmart to serve more than 560,000 users at 25,000 organizations.
Written by Tim Regan