Optima Healthcare Solutions, an Alpharetta-based cloud-focused medical record software company, has been acquired by Net Health, a Pittsburgh-based provider of software solutions for outpatient care.
The combined company will focus on serving multiple specialized clinical settings throughout a patient's journey---from the hospital to the patient’s home. The acquisition will help Net Health expand its medical record platform and serve patients in more than 14,000 facilities, according to a news release.
The deal is expected to close in July. Net Health's prior investors, The Carlyle Group and Level Equity, plan to invest additional equity as part of the deal. Financial terms were not disclosed.
“Both companies have a legacy of designing purpose-built, innovative solutions that have delighted providers for over two decades," Net Health’s Chairman and CEO Anthony Sanzo said in a statement. "Our combined products, expertise, talent and resources will accelerate our ability to deliver the fully-connected data and predictive capabilities healthcare providers need to thrive in a value-based world.”
For 25 years, Optima Healthcare Solutions has provided cloud-based solutions for more than 11,000 care providers, including contract therapy companies, skilled nursing facilities, assisted living facilities, care retirement communities, outpatient therapy clinics and hospices.
Net Health will continue to be headquartered in Pittsburgh, while operating offices in six states.
Sanzo will continue in his role at Net Health through the integration of the two companies. Following the integration, he will become Net Health’s executive chairman. Optima's President and CEO Josh Pickus will join Net Health as president and chief integration officer. Patrick Colletti will continue to serve in his role as Net Health’s COO during the integration and become the combined company’s chief innovation officer.
“This transaction will allow us to expand our vision of enabling the cross-continuum care that patients deserve and our healthcare system demands," Pickus said in a statement.
Optima has 80 employees located in the Alpharetta office, Pickus told Atlanta Inno. The company has no plans to transfer employees to Pittsburgh.
Colletti also commented, “This combination will accelerate our innovation cycle and create an even broader set of opportunities for our customers and the patients they serve. We look forward to blazing new trails for our customers while becoming the workplace of choice for our employees to grow personally, professionally, and in our communities.”
