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TripleTree Advises Consolo Services Group on Acquisition by WellSkyTripleTree, LLC, a strategic advisor and merchant bank serving innovative companies in healthcare, is pleased to announce that its client, Consolo Services Group, a portfolio company of Bluff Point Associates and leading provider of fully-integrated, web-based health IT solutions for the hospice and palliative care industries, has been acquired by WellSky, a leading health and community care technology company backed by TPG Capital. Both WellSky and Consolo deliver comprehensive and cloud-based solutions that support a growing number of post-acute care settings. WellSky sees significant growth potential by incorporating Consolo's strong palliative care capabilities, and the opportunity to deliver solutions to palliative care customers. Consolo also offers adult day care and memory care technology, presenting attractive growth opportunities, extensions, and development to answer industry requirements as well as customer and patient needs. Consolo Services Group CEO Greg Kite will continue to lead the team from Lexington, Kentucky, where it will maintain its headquarters. Both WellSky and Consolo will combine their history and knowledge of hospice software and solutions to further improve the experience for all their customers.
"We greatly valued Triple Tree's guidance, professionalism, thoroughness, and deep understanding of the business throughout the process," said Mr. Kite, "Because of their counsel, we are confident that we have found the right partner to continue serving our employees, customers and partners for the future." TripleTree acted as the exclusive strategic and financial advisor to Consolo for this transaction.
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About Consolo Services Group View source version on businesswire.com: https://www.businesswire.com/news/home/20181214005434/en/ |