Premise Health, which is backed by Water Street Healthcare Partners, has acquired TransformHealthRx Inc, a provider of onsite and multi-employer health and wellness centers. No financial terms were disclosed.
BRENTWOOD, Tenn., July 13, 2016 /PRNewswire/ — Premise Health, a leading worksite health and patient engagement company, announced today that it has acquired TransformHealthRx, Inc., which specializes in onsite and multi-employer health and wellness centers. The acquisition enhances Premise Health’s growing presence in the mid-size company and municipality markets, building upon its acquisition of IMWell Health, LLC earlier this year.
Premise Health has invested significantly in developing new employee health solutions since it was formed through the merger of CHS Health Services and Take Care Employer Solutions in 2014. The company provides personalized care to more than 200 of the nation’s leading employers, including many of the Fortune 1000, through onsite health centers. The addition of TransformHealthRx, which currently operates 17 sites in five states, further extends Premise’s expertise and services to centers that serve multiple employers, including mid-size companies, school districts and municipalities.
“This partnership with TransformHealthRx further solidifies our strategic focus on mid-size employer and municipality markets and expands our ability to improve the cost and quality of employer health care to a broader market,” said Stu Clark, chief executive officer, Premise Health. “Premise Health and TransformHealthRx were built on similar values, and we look forward to working together to provide our clients with unparalleled care and an exceptional patient experience while driving down the cost of care.”
In the past 10 years, TransformHealthRx has expanded its capabilities to provide a variety of health and wellness options including care management, primary care services and personalized wellness programs.
“We believe this is a natural next step in improving health outcomes for populations and increasing patient engagement, which is a goal that both our companies share,” said Allison Judge, TransformHealthRx founder and CEO. “This partnership will provide TransformHealthRx with access to clinical, operations and technology resources, as well as the expertise and capital to further the company’s vision.”
The leadership team at TransformHealthRx will remain in place, with increased support and resources from Premise Health, and continue to provide clients with the quality of services they have come to expect. Mr. Clark added that Premise Health will continue to pursue strategic initiatives and acquisitions that expand the company’s capabilities and services.
ABOUT PREMISE HEALTH
Premise Health is a leading worksite health and patient engagement company dedicated to improving the cost and quality of employee health care. With more than 40 years of experience, Premise Health manages more than 500 worksite-based health and wellness centers across the country. The company serves more than 200 of the nation’s leading employers, including a significant number of the Fortune 1000. Premise Health is a company of Water Street Healthcare Partners, a strategic investor focused exclusively on the health care industry. For more information on Premise Health, visit www.premisehealth.com.
TransformHealthRx specializes in onsite or near-site health and wellness centers for employers with between 200 and 5000 employees. TransformHealthRx matches proven best practices in health care delivery with the needs and budget of its clients. The company currently supports centers in Georgia, North Carolina, Tennessee, Idaho and Indiana. TransformHealthRx has the finest transparent cost model in the industry along with some of the best healthcare management outcomes. For more information on TransformHealthRx, visit www.transformhealthrx.com.