Netsmart, Overland Park, Kansas, has acquired DeVero, a healthcare technology company that specializes in home healthcare and hospice. The deal is an expansion of Netsmart's reach across the healthcare continuum, where it already provides electronic health records (EHRs), health information exchange, data analytics, mobile clinical and consumer engagement solutions for behavioral health, social services and post-acute communities.
The acquisition advances Netsmart's home care offerings, reinforcing Netsmart as the technology platform of choice for post-acute care. Netsmart merged with the Allscripts Homecare business unit in 2016, and has significantly expanded its national health information exchange (HIE), which now connects more than 68,000 human services and post-acute provider organizations and more than 1 million individual providers.
“We’ve always had a strong ongoing commitment to providing our clients with leading-edge clinical and business solutions specifically designed for their communities,” said Netsmart CEO Mike Valentine. “The addition of DeVero to our family provides our home care clients with a full-featured, home care-specific mobile clinical solution that will add even more capabilities for integration and automation across all care settings, and offers DeVero clients access to our HIE, analytics and billing solutions, among others.”
Netsmart will integrate the DeVero solution into its family of home care, long-term post-acute care and human services EHRs, as well as the Netsmart CareFabric platform, enabling accelerated enhancements to the existing solution.
“We’ve spent the last decade developing a flexible healthcare solution that adapts to the constantly changing healthcare environment,” said DeVero CEO Joe Randesi. “Netsmart and DeVero both share a vision to connect all aspects of healthcare, and the scalability and R&D resources Netsmart brings to the table will only enhance and advance our solutions for a pay-for-performance, value-based healthcare environment.”
Kindred Healthcare, (Nasdaq: KND) the largest home care provider in the U.S. and current DeVero client, points to Netsmart provider connections as a significant benefit of the acquisition that will accelerate and drive current and future business strategies. "The convergence of the Netsmart and DeVero solutions will accelerate many of our strategies in providing home care services,” said Brandon Ballew, Kindred senior vice president and chief operating officer. “Kindred at Home believes that Netsmart’s integrated HIE, with more than 1 million connections to other providers and HIEs, will allow us to develop new integrated business models between our home care business and with other providers in the communities we serve, which will provide better care to our clients and provide Kindred with more efficient operations.”
With this acquisition, Netsmart will now serve more than 560,000 users at 25,000 organizations.