Care Management

Arosa+LivHOME Bets On New Care Management Platform

Arosa+LivHOME is already on the acquisition trail in the new year. According to our Deal Search Online database, the company reported six transactions in 2019 and is wasting no time to keep growing.

In early January, the Bain Capital Double Impact portfolio company purchased Lifecare Innovations, a professional care management services provider. No financial details were disclosed.

The acquisition is a step into the care management (CM) market, a growing field in the home health sector. CM aims to help patients navigate the healthcare system and treatment options for disabilities, disease and age-related issues, and with the advent of value-based incentives from CMS, some firms are including it in their growth strategy.

The Agency for Healthcare Research noted that CM is “organized around the precept that appropriate interventions for individuals within a given population will reduce health risks and decrease the cost of care.” The field is projected to reach $19.28 billion by 2023, more than double than the 2018 total of $9.15 billion, according to Research Markets.

Just this past December, Arosa+LivHOME acquired LifeLinks, which provides aging life care services, enlisting counselors to guide seniors in the healthcare system. The LifeLinks Aging Life Care Specialists facilitate with doctors, benefits managers and housing operators on behalf of the patient. With these two acquisitions, Arosa+LivHOME is now the largest employer of care management professionals in the United States.

Another December 2019 deal indicates more sectors are finding value in CM companies. VirTrial, LLC, a portfolio company of Kinderhook Industries, LLC, merged with SnapMD. The target company offers a leading enterprise-level virtual care management telehealth platform. The company’s full-stack software solution enables healthcare providers to engage their patients via a comprehensive, secure, HIPAA/HITECH/COPPA-compliant telemedicine platform.

Optum, a division of UnitedHealth Group (NYSE: UNH) even jumped into the fray with its October 2019 purchase of Vivify Health, which has developed a mobile, cloud-based platform that offers remote care management services.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *