Post-acute care technology companies Medalogix and Focura announced their merger Wednesday.
The companies aim to create a platform for streamlining patient care transitions and better connect post-acute care providers to the broader healthcare system. Berkshire Partners, a Boston-based private equity firm, will be the majority owner of the combined company, which is not yet named, according to a news release. Chicago-based private equity firm The Vistria Group will be the largest minority shareholder, the release said.
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Financial terms of the deal were not disclosed.
Medalogix CEO Elliott Wood will lead the new organization, while Forcura founder and CEO Craig Mandeville will serve on the board of directors of the combined company.
Nashville, Tennessee-based Medalogix is a machine-learning and artificial intelligence company that specializes in clinical decision support and advancement for home health and hospice providers. Jacksonville, Florida-based Focura is a care coordination platform that simplifies document workflow, data exchange and secure communication between systems.
A combined platform will simplify collaboration between healthcare teams and pave the way for more equitable reimbursement for post-acute providers, the release said. Mandeville said the investment from Berkshire Partners and Vistria Group will help accelerate the joint development of the platform.
