Net Health Buys Integritas

Net Health, which is backed by Spectrum Equity, has acquired Integritas. Financial terms were not announced. Monterey, Calif.-based Integritas develops ambulatory EMR software for medical providers, including hospitals, health systems, and independently owned physician practices.

PRESS RELEASE

PITTSBURGH, PA – May 21, 2013 – Net Health, the leading provider of clinical solutions for outpatient specialty care, announced today the acquisition of Integritas, Inc., a provider of integrated clinical EMR and practice management solutions for the growing urgent care, occupational health, and hospital employee health markets.

“Strategically, we were drawn to the rapidly growing and underserved Urgent Care and Occupational Health segments of the healthcare delivery continuum,” said Anthony Sanzo, Net Health’s Chief Executive Officer. “The quality of their products, their impact on patients and patient flow, and the quality of their team drew us to Integritas. With Integritas, Net Health is positioned to better serve the outpatient specialty care market. Their team’s expertise in Urgent Care and Occupational Health made them the perfect partner, and culturally, they are a great match.”

“Net Health is a great partner for both our team and our clients,” added Mary Stroupe, Integritas President. “Leveraging their infrastructure will advance our mission to provide an incredible client experience and will strengthen our expansion in the Urgent Care/Occupational Health market.”

The transaction by Net Health, a Spectrum Equity portfolio company, is the second acquisition in the last nine months designed to create a best in class platform for outpatient specialty care.

Financial terms of the transaction were not disclosed.

About Net Health
Net Health is the leading provider of clinical solutions for outpatient specialty care. Our certified Electronic Health Record (EHR) is utilized by over 20,000 healthcare professionals in more than 1,100 healthcare facilities. Providers throughout the care continuum use Net Heath’s fully integrated platform to record clinical procedures and drive financial results while improving patient care and outcomes. The WoundExpert® software enables providers to assess wounds and document care planning; schedule; receive and track insurance authorizations; record and track coding and billing; benchmark facility performance; and provide telemedicine services. Net Health’s database of over 6 million patient encounters represents the largest independent source of chronic wound benchmarking data in the industry.

About Integritas
Integritas develops and licenses high quality ambulatory EMR software solutions to medical providers, including hospitals, health systems, and independently owned physician practices. Our ambulatory EMR software is designed to meet the clinical and practice management needs of providers in urgent care, occupational health and family practice. Integritas is also the leader in hospital employee health data management. Its Stix® Employee Health software has served hospitals for over 20 years and tracks data for hundreds of thousands of health care workers in the US. Agility EHR® 10 is the only ARRA-certified and CCHIT Certified® 2011 Complete EHR that addresses the needs of urgent care and occupational health providers, as well as hospital employee health, available in both an individual provider and enterprise health system configurations.

About Spectrum Equity
Spectrum Equity is a leading growth equity firm that provides capital and strategic support to innovative companies in the information economy. In addition to Net Health, Spectrum’s current and historical healthcare investments of note include HealthMEDX, a provider of long-term and post-acute care technology; Passport Health Communications, a provider of patient access solutions for hospitals and physicians; and QTC Management, the nation’s largest provider of outsourced disability evaluations (acquired by Lockheed Martin). Spectrum is an active investor in Software & Information Services and Internet & Digital Media businesses including Ancestry.com (ACOM, acquired by Permira), Demand Media (DMD), iPay Technologies (acquired by Jack Henry), lynda.com, NetQuote (acquired by BankRate), Passport Health Communications, Pictometry, RiskMetrics Group (RISK, acquired by MSCI), Seamless, SurveyMonkey, and World-Check (acquired by Thomson Reuters). Founded in 1994 with offices in Boston and Menlo Park, Spectrum has raised $4.7 billion in capital across six funds.