Seller: Consolo Services Group
Sector: Healthcare IT, Hospice, Palliative Care
Consolo Services Group, a portfolio company of Bluff Point Associates and leading provider of fully-integrated, web-based health IT solutions for the hospice and palliative care industries, has been acquired by WellSky, a leading health and community care technology company backed by TPG Capital.
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 also offers adult day care and memory care technology, presenting attractive growth opportunities, extensions, and development to answer industry requirements as well as customer and patient needs.
Consolo Services Group CEO Greg Kite will continue to lead the team from Lexington, Kentucky, where it will maintain its headquarters. Both WellSky and Consolo will combine their history and knowledge of hospice software and solutions to further improve the experience for all their customers.
“We are thrilled with the outcome for Consolo,” said Brian Klemenhagen, Managing Director at TripleTree, “This acquisition demonstrates the need for innovative and comprehensive post-acute care solutions that deliver better care to meet the needs of an aging population. Consolo’s proven expertise in this space and comprehensive product suite position them for continued success and innovation.”