CoachCare announced that it has acquired Nashville, Tennessee-based Verustat for an undisclosed amount.
Verustat is a health tech company that aids physicians in implementing care plans and tracking vital patient measurements at home to help improve patient outcomes. Verustat has a team of clinical staff and care coordinators who provide tens of thousands of live phone calls to patients nationally each month on behalf of health systems, accountable care organizations and independent physician groups. Founded in 2020, Verustat brings a valuable roster of remote patient monitoring (RPM) clients focused on primary care and cardiology.
CoachCare is a New-York based RPM and virtual health company. More than 150,000 patients in 3,000 locations benefit from CoachCare’s suite of virtual tools, including remote patient monitoring, video conferencing, real-time messaging, screening, content sharing and connected devices.
This acquisition adds thousands of patients to CoachCare’s growing RPM and care management platform. Verustat was advised by pH Partners and Hughey Business Law. CoachCare was advised by Whitman, Breed, Abbott & Morgan.
According to data captured in the LevinPro HC database, this acquisition represents the 268th eHealth transaction of 2023, including 22 in the RPM specialty. The acquisition also represents CoachCare’s fourth acquisition of the year, all in the RPM specialty. The company previously acquired NVOLVE in January, Alertive in April and WebCareHealth in September.
