OptumHealth acquired naviHealth, a startup
developing a software platform to help manage post-acute care.
Cardinal Health sold a majority stake in the company two years ago.
By ELISE REUTER
After
Cardinal Health sold its majority stake in the startup two years ago,
naviHealth is trading hands again. The Brentwood, Tennessee-based startup sold
to OptumHealth for an undisclosed amount.
Founded
in 2012 by former Centers for Medicare and Medicaid Services Administrator Tom
Scully, naviHealth developed a platform to help health plans and health systems
ensure patients are receiving appropriate care after they are discharged from
the hospital. The company also acquired a decision-support tool to flag
patients at risk of readmission.
NaviHealth
currently manages post-acute services for 4.5 million Medicare Advantage
members and nine of the top 10 health systems.
Optum
confirmed the deal after it was first reported by the Nashville Business
Journal on Monday. NaviHealth will remain a standalone entity
under OptumHealth and will keep its current leadership team, including CEO Clay
Richards.
“Bringing
together naviHealth’s post-acute clinical model and data-driven insights with
Optum’s community-based health care and clinical capabilities will help meet
the growing demand for highly personalized, value-based care coordination for
patients with complex health conditions across the entire care spectrum,” Optum
wrote in an emailed statement. “Working together, Optum and naviHealth are
strongly positioned to help patients get the highest possible quality of care
so they can get and stay healthy.”
Early
in the company’s history, Cardinal Health purchased a majority stake in
naviHealth. In 2018, Cardinal Health sold a 55% stake to
private equity firm Clayton Dubilier & Rice for $650 million, retaining a
45% interest in naviHealth.
OptumHealth
and naviHealth did not disclose the terms of the acquisition.
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