Dallas-based Recuro Health announced the acquisition of California-based digital health company Competitive Health, according to a news release. The terms of the deal were not disclosed.
The announcement follows Recuro’s recent acquisition of Irving-based WellVia, which provides Virtual Primary Care (VPC).
“The acquisition of CHI plays a principal role in building out the integrated benefits portion of our Digital Medical Home, uniquely positioning Recuro to scale our services across advocacy, companion care and ancillary benefits,” Recuro CEO Michael Gorton said in a release. “It will significantly advance our market position by broadening our portfolio of digital solutions and market reach.”
According to the release, Recuro can leverage Competitive Health’s digital health programs to provide access and cost savings to its clients and their members. The company said with VPC, urgent care and behavioral health providers licensed in all 50 states, Recuro can scale its existing telehealth platform across the U.S.
“The history and amazing growth of CHI since 1996 is validated by the $100M savings it has brought to employer groups, insurance carriers, third-party administrators, affinity groups and exchanges,” Gorton said in the release. “Together, Recuro and CHI’s unified vision will strengthen our combined services to meet the growing market demand for health care that is more accessible and affordable.”
“Our entire team is delighted with this relationship and expect that current and prospective clients will value the expanded scope of capabilities offered by Recuro and a virtual care experience unlike any other solution,” Kim Darling, CEO and founder of Competitive Health said in the release. “We look forward to providing truly personalized care with benefits to support patients on an ongoing basis, no matter where they are in their healthcare journey.”
