Avondale Partners is pleased to announce it recently served as financial advisor to Net Health Systems, Inc. (“Net Health” or “the Company”) for the divestiture of its home health and hospice software solutions, and associated RCM services, to Careficient Inc. (“Careficient”). The Company’s home health and hospice software solutions, formerly HealthWyse and Hospicesoft, serve customers in over 35 States.
Headquartered in Pittsburgh, PA., Net Health is a leading provider of electronic health records (“EHR”) software and analytics solutions in over 23,000 facilities across the continuum of care.
Careficient is a premier provider of EHR solutions to home health & hospice providers across the country. Careficient is committed to the highest standards of quality in the industry and is currently the only EHR to be awarded CHAP and ACHC certification.
The acquisition is a strong strategic fit for the Careficient team, as they continue to expand their geographic footprint across the continental US. With the transaction, Careficient receives a talented team of nearly 50 employees and a broad customer base to support their growth initiatives. The divestiture allows Net Health to re-establish focus on its core markets with the knowledge that its employees and home health and hospice customer base have found an excellent home at Careficient.
About Avondale Partners
Avondale Partners is a leading healthcare-focused boutique investment banking firm headquartered in Nashville. We deliver bespoke solutions and superior outcomes to our clients by leveraging our domain expertise, broad transaction experience and extensive network of relationships.
For questions about the transaction or Avondale Partners’ healthcare investment banking services, please please contact Jonathan Morphett (615-467-3533; firstname.lastname@example.org) or Allison Brown (312-952-2078; email@example.com).