TELEO Capital Management, LLC (“TELEO”) has announced the acquisition of AssuriCare, LLC (“AssuriCare”), a provider of electronic visit verification and nurse assessment software and services for long-term care insurance carriers, by its existing portfolio company, Wellcove by CHCS Services, Inc. (“Wellcove”). Wellcove is a leading administrator of senior market and eldercare programs. Headquartered in Waltham, Massachusetts, AssuriCare offers a comprehensive suite of software tools to home care agencies, registries, and insurers. The integration of AssuriCare’s capabilities will significantly streamline the claims process for Wellcove and increase the quality and efficiency of services within the senior care market.
Read the full article: Teleo Capital Portfolio Company, Wellcove, Acquires AssuriCare //