Amedisys snaps up hospital-at-home supplier Contessa Well being in $250M deal
Amedisys made a significant transfer to increase its attain within the dwelling healthcare market by buying Contessa Well being, one of many greatest hospital-at-home gamers.
Amedisys, a house well being, hospice and private care firm, mentioned the $250 million deal provides greater acuity, home-based care to Amedisys’ present service providing and considerably expands Amedisys’ complete addressable market for in-home care companies from $44 billion to $73 billion.
Contessa Well being, based in 2015, supplies hospital-at-home and expert nursing facility at-home companies and companions with well being methods and well being plans together with Mount Sinai Well being System, Marshfield Clinic Well being System, Ascension Saint Thomas, CommonSpirit Well being and Highmark Well being. The corporate has potential plans to increase to greater than 100 hospitals in 28 extra states,
Contessa additionally developed a proprietary informatics platform, referred to as CareConvergence, to coordinate and ship home-based care. The corporate additionally developed a risk-based mannequin and claims analytics capabilities to convey the important parts of inpatient hospital and SNF care to sufferers’ houses to enhance affected person outcomes and expertise whereas lowering prices and hospital readmissions, the businesses mentioned.
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Amedisys chairman and chief govt officer Paul Kusserow referred to as the acquisition “strategic” and a “promised milestone” for Amedisys’ development and differentiation, because it expands its capabilities to replicate rising market calls for and evolving affected person desire for higher-acuity in-home settings.
“Whereas Amedisys continues to be a nationwide chief in high quality dwelling well being and hospice companies, we now have all the time labored to innovate and supply much more forms of care within the dwelling, as sufferers more and more search to ‘age in place’ in environments which might be acquainted and secure. Bringing the Contessa crew into our household considerably advances this technique,” Kusserow mentioned.
Upon closing of the deal, Nashville, Tenn.-based Contessa will function as a completely owned division of Amedisys.
Amedisys companions with 2,900 hospitals and 78,000 physicians nationwide and employers about 21,000 workers in 514 care facilities in 39 states and the District of Columbia. The corporate serves about 418,000 sufferers and shoppers a 12 months.
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Contessa founder and CEO Travis Messina and his administration crew will proceed to guide Contessa, which can function and be reported on as a separate and distinctive enterprise inside Amedisys.
“We launched Contessa with the bold imaginative and prescient of making revolutionary fashions that might permit as many sufferers as potential to obtain higher-acuity care of their most popular setting – the house,” mentioned Messina in a press release. “
Amedisys brings to the desk a nationwide footprint, a status for excellent medical high quality, and the dimensions and infrastructure obtainable to speed up Contessa’s trajectory, he mentioned.
Bringing on Contessa Well being’s enterprise and capabilities positions Amedisys to transfer into the hospital at dwelling and SNF at dwelling area with the power to scale throughout a big geographic footprint, the corporate mentioned.
