WellSky, a portfolio company of TPG Capital and Leonard Green & Partners, announced on August 23 its acquisition of Experience Care.
Experience Care is a technology company offering a suite of software solutions for post-acute and long-term care providers. The company’s electronic health record (EHR) platform NetSolutions serves 150 long-term care clients with 850 facilities. It is based in Austin, Texas.
WellSky provides software solutions for more than 20,000 client sites — including hospital systems, blood banks, cell therapy labs, home health and hospice franchises, post-acute providers, government agencies and human services organizations.
With the addition of Experience Care, WellSky expands its commitment and investment in the long-term care market. Healthcare Growth Partners served as financial advisor to Experience Care. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this acquisition represents the 187th eHealth transaction of 2023, including 10 in the EHR specialty. This also marks WellSky’s first transaction of the year. In February 2022, the company acquired virtual patient engagement technology company TapCloud for an undisclosed price.
