Netsmart Finalizes Home Health, Hospice and Investor Partner Transaction

OVERLAND PARK, KS --(Marketwired - April 19, 2016) - Netsmart today announced the completion of its new venture with GI Partners and Allscripts Healthcare Solutions, Inc. MDRX.

Netsmart is merging the Allscripts Homecare™ business unit into the Netsmart CareFabric® suite of solutions, establishing Netsmart as the largest human services and post-acute technology provider in healthcare. The Homecare business serves more than 30,000 home health, hospice and private duty clinicians in the U.S., Guam and Puerto Rico.

The Homecare solution provides current Netsmart clients with access to additional home health and hospice technology solutions and expertise if they offer these types of services in their communities. It also offers them a quality solution option if they wish to expand their services to include home health and hospice.

"There are many synergies between Netsmart's existing solutions and the needs of organizations and clinicians providing home health and hospice services," said Netsmart CEO Mike Valentine. "We are excited to welcome the Homecare clients and nearly 200 Homecare associates to the Netsmart family. We all share the common goal of making a positive impact on the lives of people every day."

GI Partners will provide investments and resources that will allow Netsmart to continue to rapidly accelerate ongoing expansion into the evolving integrated healthcare technology sector.

"These two partnerships support our strategy of 'going where the puck will be,'" said Valentine. "Not only providing our clients with the technology to digitize health information with EHRs, but also a platform with the capabilities and tools to deliver coordinated care that improves outcomes and optimizes operational efficiencies."

Key Takeaways

--  Netsmart has expanded into the home health, hospice and private duty
    business 
--  Netsmart is now the largest technology company focused outside the four
    walls of hospitals and physician offices 
--  Approximately 250 new jobs will be created at Netsmart this year to
    support overall continued growth 
--  Netsmart management, GI Partners and Allscripts all have ownership in
    the company 

About Netsmart
Netsmart is healthcare's largest human services and integrated care technology provider. Netsmart technology platforms and expertise are integral to the delivery of outcomes-based services and care to more than 25 million persons nationwide.

Netsmart serves more than 500,000 users in more than 24,000 organizations across all 50 states. Netsmart client communities include behavioral health; addiction treatment; intellectual and developmental disabilities; child and family services; public health; home health and hospice; and vital records.

Netsmart's CareFabric®, a framework of innovative clinical and business solutions and services, supports integrated, coordinated delivery of health services across the spectrum of care.

Netsmart's HIT Value Model™, a vendor-agnostic planning and measurement system, provides a path for health and human services organizations to evaluate where on the healthcare IT spectrum they should focus their efforts, the value associated with that strategic decision and a comparison with peer organizations nationwide.

Netsmart is pleased to support the EveryDayMatters® Foundation, which was established for behavioral and public health organizations to learn from each other and share their causes and stories. For more information, visit www.everydaymatters.com

Learn more about how Netsmart is changing the face of healthcare today. Visit www.ntst.com, call 1-800-472-5509, follow us on LinkedIn and Twitter, like us on Facebook or visit us on YouTube

HIT Value Model is a trademark of Netsmart Technologies, Inc.
CareFabric and EveryDayMatters are registered trademarks of Netsmart Technologies, Inc.


FOR FURTHER INFORMATION PLEASE CONTACT:

MEDIA CONTACT:
Kevin Allen
Netsmart
913-226-5887
kallen@ntst.com