ContextMediaBecomesLargestHealthcareDecisionPlatformwith
AcquisitionofAccentHealth
ContextMediatechnologiespower500Moutpatientconsultationsayear
CHICAGO–November16,2016–ContextMedia,theleadinghealthcaredecisionplatform,
announcedtodaythatitwillacquireAccentHealth,whichprovidesbest-in-classpatient
educationatthepointofcare,inanall-cashpurchase.Throughthisacquisition,ContextMedia
becomesthelargesthealthcaredecisionplatformatthepointofcareintheUnitedStates,with
arapidlygrowingreachacrossclinics,hospitalsandhealthsystems.In2016,ContextMediahas
beenaddingnearlyonepercentofallpracticesinthecountryeachmonthandcontinuesto
growrapidlyinpursuitofubiquitouspresenceofitshealthcaretechnologiesintoevery
consultationroomintheworld.Thecompanybelievesitwillhaveapresenceinseventypercent
ofallpracticesintheU.S.by2020.
“ContextMediahasavisiontoembedactionableinformationandintelligenceintoeverycritical
healthcaredecision,”saidRishiShah,ContextMediaChiefExecutiveOfficerandFounder.“Our
healthcaredecisiontechnologiesdrivebetterhealthoutcomesbyempoweringcollaboration
betweenconsumersandtheirhealthcareproviders,transformingthecommunicationof
treatmentsandconditions,offeringassessmenttechnologyforearlydetectionandsimplifying
complexhealthinformation.”
17.5percentoftheUnitedStatesGDPiscurrentlyspentonhealthcare,andeightypercentof
thesecostsareattributabletochronicconditiontreatmentsaccordingtotheCDC.Withthe
measurableimpactofContextMedia’stechnologyinimprovingcomprehension,conversionand
complianceofchronicdiseasetreatmentsandlifestylechoices,thecompanyhasthe
opportunitytocreateunprecedentedpositiveeconomicandsocialoutcomes.Inonerecent
studyconductedbytheCentersofMedicare&MedicaidServices,amedicalgrouputilizingthe
ContextMediadecisionplatformsawupto10percentincrementalcostsavingsperMedicare
patientafterincorporatingContextMedia’stechnologies.
WithaportfolioofinteractivetechnologiesdevelopedbyContextMediasuchaslargeformat
tabletsthatofferphysicians3Danatomicalandconditionmodelsaswellasvideo-basedpatient
engagementandassessmenttools,thecompanycontinuestoinnovateandexpanditsportfolio.
ContextMediawillinvestinbringingitstechnologiesintoAccentHealth’snetworkofpracticesto
continuetransformingthewayhealthcareprovidersandpatientsmakehealthcaredecisions
together.WiththeacquisitionofAccentHealth,ContextMediawillreach55,000healthcare
locations,ascalethatisunmatchedintheindustry.
“WearepleasedtohavereachedthisagreementwithContextMedia,”commentedDanStone,
CEOofAccentHealth.“Thisdealwillaccelerategrowthandinnovationatthepointofcareto
benefitthepatientsweserve.ContextMediaisrespectedintheindustryfortechnology
innovationatscaleandwearedeeplyalignedonthemissiontoeducateandempowerpeople
tolivehealthierlives.”
330 N Wabash Ave, Suite 2500, Chicago, IL 60611
• P: (800) 491-6972 •
www.contextmediainc.com
F: (312) 321-5425
“Thisacquisitionbringsusclosertoourvisionofachievingubiquity,”saidShah.“Theexpanded
presenceofourplatformwillaccelerateourabilitytodrivepositivehealthoutcomesatscale.”
Thetransactionisexpectedtoclosebytheendoftheyearsubjecttocustomaryclosing
conditions.J.P.MorganSecuritiesLLCactedasexclusivefinancialadvisorandKirkland&EllisLLP
actedaslegaladvisortoContextMedia.JPMorganChaseBank,GoldmanSachsandCitizensFirst
Bankwillprovidefinancing.Moelis&CompanyactedasexclusivefinancialadvisorandAlston&
BirdLLPactedaslegaladvisortoAccentHealth.
AboutContextMedia
ContextMediadevelopshealthcaretechnologiestodeliverbetterhealthoutcomesandimpact
thehumanconditionpositively.Foundedin2006byRishiShahandShradhaAgarwal,the
companyhasdoubledeachyearinitsscaleoftechnologyimplementationatoutpatienthealth
carefacilities,businesspartnershipswithgloballifesciencesandmedicaldevicecompanies,
productinnovationandteamgrowth.Decisionplatformssuchasdigitalanatomyboards,
interactiveeducationaltabletsandmobileconnectivityinconsultationroomsdeliver
measurablepatientoutcomesthroughactionableintelligenceonconditions,treatmentsand
lifestylechangestoimprovethequalityoflife.TofindoutmoreaboutContextMedia,visit
www.contextmediainc.com.
AboutAccentHealth,LLC
AccentHealthisaleadingpatient-educationmediacompanyatthepointofcare,withamission
toinspirepatientstolivehealthierlives.AccentHealth'sPatientEngagementPlatformcombines
innovative,award-winningdigitalproductsincludingthewaitingroomtelevisionnetwork,
interactivetabletsfortheexamroomandmobiletouchpoints.AccentHealth’sworldclass
contentisproducedbyCNN’sMedicalUnit,hostedbyDr.SanjayGupta,andbyHarvardMedical
School.Foundedin1995,AccentHealthisbasedinNewYorkCityandTampa,FLandisowned
byM/CPartners,RidgemontEquityPartnersandseniormanagement.AccentHealthisa
foundingmemberofthePoint-of-CareCommunicationCouncil(PoC3).Formoreinformation,
visitwww.accenthealth.com.
MediaContacts:
PhilipdeGuzman
CommunicationsLead
ContextMedia
(312)636-7320
[email protected]
330 N Wabash Ave, Suite 2500, Chicago, IL 60611
• P: (800) 491-6972 •
www.contextmediainc.com
F: (312) 321-5425