A recent press release, announced that Cantata Health, LLC, was created today when GPB Capital, a private equity firm, acquired the healthcare software assets of NTT DATA, Inc.
The acquired software assets include intellectual property, customer contracts and human resources. All other aspects of NTT DATA's industry-leading healthcare practice remain with NTT DATA, Inc.
Cantata Health designs, develops, installs, and supports advanced Revenue Cycle Management (RCM) and Electronic Medical Record (EMR) applications for acute and post-acute care hospitals and long term care facilities. The acute/post-acute applications acquired by Cantata Health will continue to be called "Optimum," and the long-term care application suite will be marketed under the name "NetSolutions."
"This transaction will be exceptionally beneficial to our extensive client base of over 1,900+ acute, post-acute, and long-term care facilities," said Mike Jones, Cantata Health CEO. "As a standalone company, we are well positioned to support these clients as they continue to improve patient care and drive operational efficiency into their organizations. Cantata Health will strive to accelerate development of both the Optimum and NetSolutions applications, and continue to solidify our leadership position in the acute and post-acute markets."