The terms of the acquisition were not disclosed.
The acquisition will further extend Jack Nathan Medical’s remote prescribing and reporting capabilities.
According to Writi, its ePrescribing platform reduces prescribing time by 20% and nursing order-processing time by 43%. The platform includes mobile access, telehealth, e-prescribe, electronic order-processing, patient charting, and integrates with electronic medical records.
Long-term care providers use the ePrescribing platform, according to the company. Writi’s virtual prescribing platform also facilitates secure communication and documentation of resident care, supports billing/reporting associated with virtual healthcare, and is integrated with PointClickCare, Telus Health, and MED e-care.
Parth Patel, Co-founder of Writi, commented, “We are excited to be part of a global healthcare leader that shares our mission and values. We have a shared focus on leveraging technology to improve communication, healthcare access, and medication accuracy. Partnering with JNH will strengthen our ability to assist senior living and LTC providers and their pharmacy partners, resulting in enhanced quality of care for seniors and their loved ones.”
In 2020, a total of 184 digital health companies were acquired/merged compared to 169 in 2019, a 9% increase in deal activity. In one of the large deal, Blackstone, a private equity firm, agreed to acquire a majority stake in genetic analysis company Ancestry for $4.7 billion. Ancestry helps customers discover their family history and gain actionable insights about health and wellness.
According to the Mercom database, almost 2,000 digital health companies have been acquired since 2010. Learn more.