WellSky, a leading health and community care technology company backed by TPG Capital, and Consolo Services Group, a portfolio company of Bluff Point Associates and leading provider of fully-integrated, web-based health IT solutions for the hospice and palliative care industries, announced they have acquired Consolo Services Group.
“Consolo’s purpose-built technology is an excellent addition to WellSky’s market-leading hospice software. This acquisition further strengthens our position as a leader and innovator in the post-acute care space,” said Bill Miller, CEO of WellSky. “By combining our expertise in hospice software and services, WellSky Hospice and Consolo will enhance the experiences for our customers across both companies. We’re thrilled to acquire an organization that shares WellSky’s commitment to fostering a culture of innovation, providing superior customer service, and enabling better care.”
As the elderly population in the U.S. continues to rapidly grow, the need for high quality and cost-efficient post-acute care is also increasing. WellSky Hospice and Consolo anticipate their collaboration in comprehensive hospice, palliative care, adult day care, and memory care technologies will help post-acute care providers elevate their quality of care, fulfill regulatory demands and mandates, and meet ever-growing patient and provider needs. Aligned in their dedication to powering better post-acute care, WellSky and Consolo will continue to operate, develop, and support both hospice electronic health record (EHR) platforms.
Both WellSky and Consolo deliver comprehensive and cloud-based solutions that support a growing number of post-acute care settings. WellSky sees significant growth potential by incorporating Consolo’s strong palliative care capabilities, and the opportunity to deliver solutions to palliative care customers. Consolo also offers adult day care and memory care technology, presenting attractive growth opportunities, extensions, and development to answer industry requirements as well as customer and patient needs.
“WellSky shares Consolo’s passion in providing hospice and palliative care providers with the solutions they need to improve operations, streamline clinical workflows, and enhance patient satisfaction, especially as the demands for these services continue to grow alongside our aging population,” said Greg Kite, CEO of Consolo. “We want to thank Bluff Point for helping us get to this point in our company development. We are very excited to be joining the WellSky team and look forward to collaborating with them to deliver innovative solutions dedicated to the post-acute care market.”
“It has been a pleasure working with Greg Kite and his team and developing a leading solution in the hospice and palliative care space,” said Kevin Fahey, Managing Director of Bluff Point Associates. “We wish Consolo and WellSky the very best in their next phase of growth.”
Consolo will maintain its headquarters in Lexington, Kentucky with Mr. Kite continuing to lead the team in that location. Both WellSky and Consolo will combine their history and knowledge of hospice software and solutions to further improve the experience for all their customers.