McKesson sells off care management business
McKesson this week completed the sale of its care management unit, which was acquired by private investment Comvest Partners and will be renamed AxisPoint Health.
AxisPoint, which will remain headquartered in Westminster, Colorado, will focus on payers and other risk-bearing organizations, offering complex and chronic case management tools, nurse advisory services and care management software platform used by payers to manage utilization, disease and case management services.
The move is meant to help "enable McKesson to focus on our core strengths," said Jeff Felton, president of McKesson Connected Care & Analytics, in a press statement. "With deep expertise in this market, Comvest Partners is the right company to support the business and invest in future innovation."
Mosaic Health Solutions, based in Durham, North Carolina, partnered with West Palm Beach, Florida-based Comvest on the deal.
"AxisPoint Health excels in simplifying care management for the most complex patients," said Mosaic President Maureen O'Connor in a statement. "This investment aligns well with our vision of accelerating health innovation that expands access and improves the quality of healthcare."
"In the new era of value-based healthcare, the entire industry is reorienting around achieving the best outcomes by identifying the most appropriate levels of care," added Roger Marrero, partner at Comvest. "We believe that AxisPoint Health starts out with deep experience and capabilities in the market for connecting members to the right care in the most cost-effective way."