Get Well will leverage SAIGroup's AI
technology to build the leading precision care platform for
hospitals and ambulatory centers to improve outcomes for millions
of patients
PALO
ALTO, Calif., July 9, 2024
/PRNewswire/ -- Enterprise AI investment firm SAIGroup announced
today it has acquired digital patient engagement leader Get Well,
which powers more than 10 million annual patient interactions at
over 1,000 healthcare organizations.
Get Well joins SAIGroup's growing portfolio of AI healthcare
companies, which include clinical AI and real-world data leader
ConcertAI and generative AI-native precision care clinician
platform RhythmX AI.
As an SAIGroup company, Get Well will integrate SAIGroup's
award-winning, advanced predictive + generative Eureka AI platform
into the patient experience inside and outside the hospital.
SAIGroup's RhythmX AI platform and healthcare data,
including longitudinal metadata related to 300 million
patients, more than 4.4 billion total annual claims, and more than
1.8 million healthcare professionals, will help Get Well enhance
the patient and clinician experience at the point of care and
beyond, increase clinician efficiency, and deliver precision care
recommendations.
Predictive and generative AI will bring a new level of precision
engagement to help pioneer a new era of whole-person care through
generative and predictive AI and bring new insights and
capabilities to Get Well's product portfolio and patient data
set.
SAIGroup Founder and CEO Dr. Romesh
Wadhwani will serve as Get Well Chairman, and Michael O'Neil will continue as Get Well Founder
and CEO
"As part of SAIGroup, Get Well's mission to enable the best
patient experience will undergo a rapid transformation with AI to a
full precision care platform for hospitals and ambulatory centers,"
said Dr. Wadhwani. "This strategic investment underscores
SAIGroup's commitment to innovative AI-driven solutions in
healthcare and highlights our confidence in Get Well as a leader in
the digital patient engagement space."
Get Well strives to enhance the patient experience in healthcare
systems through customized, holistic care that engages the patient
throughout their care journey, and has proven its model works - Get
Well's award-winning solutions have driven millions of dollars in
revenue for clients, decreased readmission rates by over 40%,
reduced preterm births by 36% and resulted in double-digit growth
in brand loyalty metrics. Get Well has driven digital patient
engagement at scale for enterprise health systems like Adventist
Health, Lifebridge Health, Kaiser Permanente, and Children's
Hospital of Colorado, as well as
for 15 of the 17 VISNs as part of the Veterans Health
Administration.
"We are thrilled about this investment and the opportunity to
take the Get Well portfolio to the next level," said Michael O'Neil, Founder and CEO of Get Well.
"The AI capabilities of SAIGroup will enable Get Well to accelerate
our innovation roadmap and transform how healthcare providers care
for and interact with patients. SAIGroup and Get Well are committed
to pushing the boundaries of how generative AI can enhance digital
patient engagement."
Oxford Finance provided debt financing for the transaction, and
McDermott Will & Emery served as
legal counsel to SAIGroup. Cain
Brothers served as financial advisor and DLA Piper served as
legal advisor to Get Well.
About SAIGroup
SAIGroup is a private firm investing in
businesses with the potential to become leaders in enterprise AI.
SAIGroup companies ConcertAI, SymphonyAI, and RhythmX AI deliver AI
solutions that transform industries and bring value to companies,
workers, healthcare professionals, and patients. The companies
collectively represent a workforce of more than 4,000 talented
engineers, data scientists and industry/healthcare experts.
SAIGroup is backed by a $1 billion
commitment from Founder and CEO Dr. Romesh
Wadhwani, a noted entrepreneur and philanthropist. Learn
more at saigroup.ai and follow SAIGroup
on LinkedIn.
About Get Well
Now part of SAI Group, Get Well is
redefining digital patient engagement by putting patients in
control of their healthcare, inside and outside the hospital. Get
Well combines advanced AI navigation with high-touch care
experiences to improve patient activation, loyalty, and outcomes
and reduce the cost of care. Get Well serves more than 10 million
patients annually at over 1,000 hospitals and clinical partner
sites, using longitudinal data analytics to better serve patients
and clinicians. Get Well's award-winning solutions were recognized
again in 2024 by KLAS Research and AVIA Marketplace. Learn
more about Get Well and follow us on LinkedIn.
CONTACT: Chris Gale;
Chris@GaleStrategies.com
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SOURCE SAIGroup