Skilled Nursing News March 22, 2021
PatientPing, a software company that has garnered significant venture capital funding as it looks to ease care transitions between nursing homes and other settings, is reportedly set to sell for $500 million to data analytics firm Appriss.
PE Hub initially reported the news Monday, citing “people familiar with the transaction.” Representatives for PatientPing did not respond to a request for comment from SNN as of press time, while a representative for Appriss Health did not have a comment.
The Louisville, Ky.-based Appriss — with backing from private equity firms Clearlake Capital Group and Insight Partners — primarily focuses on pharmacy and addiction issues, with the PatientPing pickup serving to diversify its health holdings, PE Hub observed.
Founded in 2013, PatientPing...