Omega Healthcare acquires Reventics to improve physician office operations

• Omega Healthcare, a company that streamlines medical office processes, has acquired Reventics, a company that provides software to enhance physician reimbursement and compliance, while improving clinical quality measures.
• The acquisition enables Omega Healthcare to expand its core coding and revenue cycle management (RMC) offering by using Reventics' proprietary cloud native platforms for clinical documentation improvement and RMC along with expert clinical resources to drive improved outcomes for its clients.
• Terms of the acquisition weren't disclosed.
• Omega Healthcare is backed by the private equity business within Goldman Sachs (NYSE:GS) Asset Management and Everstone Group.

Comments

[Stynx]

NOT OHI

[YCantIRetire]

@Kjmjuice
I believe this is about Omega Healthcare and not Omega Healthcare Investors, Inc. REIT (OHI).
www.prnewswire.com/...

[Kjmjuice]

This does not seem to have anything to do with owning Nursing Home Real Estate? I guess they are branching out?

[TheOldHand]

@Kjmjuice It sort of does, it goes to Nursing Home Management which, if useful to the renter, helps insure that rent is paid on the Real Estate. Think about Simon (SPG), a Mall Real Estate Company, which is doing a SPAC with (for?) Kastle Systems, a web based security company. Idea is that better security would be useful to renters of mall space by lowering their "shrinkage" costs, thereby raising their ability to pay rent.