Dallas, Texas-based Signify Health and Norwalk, Connecticut-based Remedy Partners, both portfolio companies of New Mountain Capital LLC, have signed a definitive agreement to merge.
Signify Health partners with health plans, healthcare providers, and life sciences companies to improve quality of life by providing comprehensive clinical and social care. Via a logistics and clinical workflow technology platform, data set, and national clinician and social services networks, the company provides evaluative services, complex care management, social determinants of health, and outcomes-based pharma services in the home and community.
Remedy provides a proprietary software and advanced analytics platform that enable rapid deployment and empower large scale bundled payment programs to enable payers, employers and providers to organize and finance healthcare delivery around a patient’s episode of care.
The combination will provide value-based care solutions to organizations across health systems, provider groups, health plans, and life sciences companies; bringing together a platform of technology, data, and network assets focused on enabling the right care for millions of members at scale.
With a combined national field force of over 9,000 credentialed providers and a combined nationwide partner network of over 300 provider systems, 2,000 post-acute organizations, and over 200 community locations, the businesses see over 1 million members annually in the home, have managed over 600,000 episodes of care, and have addressed over 25 million social determinants of health (SDoH) activities for over 3 million members.
The businesses equip this network of providers with mobile and web-based tools to deliver care for members, leveraging insights from a data chassis that integrates clinical, social, and behavioral data around a member as they are seen across various sites of care across facilities, the home, and community.
Kyle Armbrester will lead the combined businesses as CEO. Steve Senneff will serve as President & CFO of the combined businesses.
FinSMEs
21/08/2019