Willkie represented Appriss, a portfolio company of Insight Partners and Clearlake, in the transaction.
On March 23, Appriss Health, a cloud-based care coordination software provider focused on behavioral health and substance use disorders, backed by Clearlake Capital Group, L.P. and Insight Partners, announced that it has entered into a definitive agreement to acquire PatientPing, a care coordination data and software solutions provider focused on patients with complex needs, and senior care. The acquisition is intended to be a transformative combination of leading cloud-based care coordination software and analytics solutions to connect healthcare professionals and to deliver comprehensive care coordination solutions.
The transaction will enable the combined companies to deliver more effectively on their shared mission of enabling various stakeholders in the healthcare ecosystem to utilize software and analytics solutions to facilitate better care for patients across the physical and behavioral health continuum.
The combined Appriss Health and PatientPing platform serves the largest integrated delivery systems in the U.S., including 2,500 hospitals, 7,500 post-acute facilities, 25,000 pharmacies including every national pharmacy chain and 43 state governments. Appriss Health and PatientPing’s combined software and analytics solutions will provide access to high-integrity clinical information and applications that are both accurate and enhance care offerings.
Founded in Louisville, KY in 1994, Appriss Inc. is a leading data and analytics company serving businesses, governments, healthcare institutions and commercial enterprises in over 25 countries across 4 continents. Appriss Health is a leading SaaS platform for behavioral health care coordination and is a recognized leader in providing software and data analytics solutions to identify and mitigate Substance Use Disorders. Appriss Health’s cloud-based software connects nearly one million healthcare professionals across 500 clinical software systems including over 140 electronic health records.
PatientPing is an innovative care collaboration platform that enables providers to collaborate on shared patients through a comprehensive suite of solutions and allows provider organizations, health plans, governments, individuals and the organizations supporting them to leverage real-time patient data to reach their shared goals of improving the efficiency of our healthcare system.
The Willkie team was led by partners Morgan Elwyn and Ziyad Aziz and included associates Thomas Spencer and Tai Fukumoto.