SentryHealth Inc. (“SentryHealth”), a leading provider of technology-enabled care coordination and case management solutions, is pleased to announce that it has merged with Wellview Inc. (“Wellview”), a next generation, market-leading population health management provider of personalized engagement solutions, to provide a wholistic, technology-enabled services offering for self-insured employers. Terms of the deal were not disclosed.
This integration unites two market-leading, technology-enabled healthcare benefit management companies in the U.S. and will build a robust core competency that provides a single solution for self-insured employers to manage healthcare benefits in a way that engages, coordinates care, provides price transparency, and manages high-cost interventions for employees in a personal way.
“We are delighted to join forces with Wellview to offer an integrated solution that raises the bar on employee health,” said SentryHealth CEO, J. Kevin Porter. “Employees are looking for affordable, high-quality health care that’s right for them…without having to jump through hoops. Together, we will ensure that all employees, regardless of risk level, get the kind of care they need, when they need it.”
“SentryHealth and Wellview share the same desire to make care more accessible and affordable for employers and their employees. Through the right combination of technology plus human interaction, employees are more likely to engage in their own health, driving better results for everyone,” commented James Story, CEO of Wellview.
Kevin Porter, SentryHealth’s CEO, has been named CEO of the new combined company. James Story, Wellview’s co-founder and CEO, has been named Chief Strategy Officer of the new combined company. The new company will combine under the SentryHealth brand and provide services to nearly 300 employers across the U.S.
To accelerate innovation and growth, the merger is supported by Panoramic Ventures, OCA Ventures, and Lunsford Capital. “We believe the combined companies offer a platform solution that answers an unmet need in the self-insured employer market by fully addressing the entire health spectrum of the employer’s member population,” said Panoramic Ventures Principal, Austin Poole. “We are excited to partner with the company and its leadership as it embarks on its next stage of growth.”
Loon Advisors served as exclusive financial advisor to SentryHealth for this transaction.
Source: PR Newswire