Curavi Health (a telemedicine solution provider for the nursing home), CarePointe (a provider of clinical tools for healthcare professionals caring for high-acuity senior populations), and U.S. Health Systems (USHS) (a value-based population health management company) have merged to form Arkos Health, a new company that provides virtual care solutions and health insights to vulnerable populations across the United States.
Collectively, the three companies have about a decade of experience in the healthcare technology market and plan to weave their respective areas of expertise into a multipart offering for provider and payer customers.
CarePointe and USHS together will provide a technology-enabled care coordination solution (currently providing services to over 110,000 seniors) for Arkos Health’s provider and payer partners. Curavi Health was spun out in 2016 from UPMC, a health care provider and insurer. Curavi Health performed approximately 60,000 consults to date, maintaining a 94% treat-in-place rate and reducing potentially harmful transfers to hospital emergency departments.
UPMC will own a financial stake in Arkos Health while remaining both a customer and a service provider
“By combining Curavi’s telemedicine technology, CarePointe’s unified software solution and analytics and USHS’s population health management capabilities, Arkos Health will be able to serve both payers and providers by facilitating high-quality in-home and virtual care for their members and patients who need it,” said Alissa Meade, Curavi president, and chief executive officer. “At a time when our shared mission to care for the frail elderly is more important than ever, uniting these organizations allows for an integrated health care experience that better meets the needs of our seniors.”
According to Mercom Q2 2020 Digital Health Funding and M&A Report, Telehealth companies were involved in 11 m&a transactions in 1H 2020, compared to nine in 1H 2019.