OVERLAND PARK, Kan. – WellSky has acquired Bonafide, an
enterprise software solution for HME companies, in a move that
expands the company’s footprint in what it calls “a rapidly
growing segment in the health care industry.”
WellSky says its offerings in home infusion and home health are
highly complementary to Bonafide’s solutions, industry experience
and knowledge.
“With the rise in chronic conditions, a rapidly aging population,
and an increased focus on patient-directed care, the need for
high-quality home-based health care solutions is more critical
than ever,” said WellSky Chairman and CEO Bill Miller. “I’m
thrilled to welcome Bonafide to WellSky. Together, we will work
to support this expanding market with the full suite of WellSky
solutions and our tech-enabled services to better collaborate and
achieve successful outcomes for even the most complex patient
populations.”
Mark Ludwig, CEO of Bonafide, will continue to lead that team.
Bonafide’s clients will see no immediate changes to the services
or support they’re accustomed to receiving, the companies say.
Together, WellSky and Bonafide say they will further invest in
services, analytics and interoperability to improve care and
strengthen solution delivery and financial performance, enabling
providers to meet the growing demand for services.
“Since our founding more than 40 years ago, Bonafide has made it
our mission to offer the best technology available to the HME
industry,” Ludwig said. “Now, by joining forces with WellSky, we
embark on an exciting new chapter for our team, our clients, and
our future growth. Together, we will be able to expand our
capabilities, accelerate our mission, and deliver even greater
value to the clients we serve.”
WellSky brings a network of more than 2,000 hospitals and 130,000
providers to Bonafide clients, providing access to the nation’s
largest referral network and increased visibility to patients
across care settings, the companies say. In the last 12 months,
more than 1 million referrals were sent to HME providers using
WellSky’s hospital discharge solutions.
* In 2023, WellSky acquired Corridor
<https://www.hmenews.com/article/wellsky-buys-corridor> , an
end-to-end, tech-enabled services platform designed for the
post-acute care industry, from HealthEdge Investment Partners, a
private equity firm.
* Also in 2023, WellSky acquired Experience Care
<https://www.hmenews.com/article/wellsky-expands-investment-in-lo
ng-term-care> , which offers a suite of software solutions for
post-acute and long-term care providers.
* WellSky also has a partnership with Option Care Health
<https://www.hmenews.com/article/wellsky-option-care-health-expan
d-partnership> to accelerate innovations and workflow
enhancements within WellSky’s infusion and specialty pharmacy
platform, CareTend.
The M&A market for healthcare companies continues to build on STRATEGIC opportunities. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
800-719-1555
