Curavi Health Inc. has acquired TripleCare, a New York-based provider of telemedicine services for skilled nursing facilities. The acquisition positions Curavi, a wholly owned subsidiary of UPMC Enterprises, for rapid growth. Together, the combined entity will serve nearly 100 facilities across 14 states.
Curavi was founded in 2016 by Steven Handler, MD, PhD, CMD, an Associate Professor of geriatric medicine, and a team of faculty researchers in the University of Pittsburgh’s Department of Medicine, Division of Geriatric Medicine. Handler serves as Curavi’s chief medical and innovation officer.
The company offers telemedicine equipment designed for the workflow in the nursing-home environment, and software that enables staff to easily request a telemedicine consult. Curavi has also a formal relationship with University of Pittsburgh Physicians, part of UPMC, to provide after-hours consults from fellowship-trained geriatricians.
TripleCare, based in Long Island City, is a telemedicine-based physician group that utilizes video communication technology and digital diagnostic equipment to bring physicians to patients’ besides at times when doctors are not readily available, such as on weekends, overnight and holidays. The technology allows residents to be treated in place, often avoiding unnecessary visits to emergency rooms or hospitalizations. Such transfers can be disruptive to residents and sometimes harmful to their health, while costing Medicare and other payors billions of dollars a year.
The acquisition is effective immediately, and terms of the agreement were not disclosed.
Source: UPMC Media Relations