After a year that left numerous health systems scrambling to communicate with their clients, information analytics firm Health Catalyst struck a deal to buy client engagement start-up Twistle.
Health Catalyst will pay $104.5 million to obtain the company, with the potential for up to $65 million more based upon certain performance targets, according to a filing with the Securities and Exchange Commission. The deal is expected to close next quarter.
Salt Lake City-based Health Catalyst offers analytics and procedure enhancement tools for several big health systems, including Banner Health, Intermountain Healthcare and UPMC, according to its website. It plans to pair Twistles patient engagement tools with its population health software application.
Not just would this bring a broader user base to Twistle, but it would also build on its existing capabilities.
” Health Catalysts patient insights can set off individualized outreach, and the clients unique profile will enable Twistles interaction paths to adapt to their choices and qualities in unmatched ways,” Twistle CEO Kulmeet Singh stated in a news release. “We are thrilled about the potential customers of our joint solutions proactively engaging at-risk populations, advancing health equity, and improving client activation in their care.”
Albuquerque, New Mexico-based Twistle was established in 2011. It lets care teams text clients for day-to-day “check ins” and assists patients set up medical gadgets. Throughout the pandemic, Providence St. Joseph Health utilized Twistle to monitor clients with Covid-19 signs in the house, by texting them a short form to share their day-to-day temperature level and oxygen saturation levels with ICU nurses.
Aaron Martin, handling general partner of Providence Ventures, which is a financier in Twistle, said he expects the deal to accelerate development in making outreach to clients more individualized.
” Health Catalysts acquisition of Twistle highlights our belief that the most appealing technology in healthcare is combining AI and information with digital endpoints for patient services to provide worth,” he said in a press release.
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