TELEO CAPITAL PORTFOLIO COMPANY, WELLCOVE, ACQUIRES ASSURICARE
Boise, ID – (October 30, 2023) - 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.
Since 2010, AssuriCare has revolutionized the way people find, manage, and pay for long-term care, the
way providers manage and grow their businesses, and the way payers and administrators receive, evaluate
and process long-term care claims. To date, tens of thousands of providers and caregivers have used the
AssuriCare platform to find and manage care, make payments and submit insurance claims, and this year,
more than a half-billion dollars in total care value will be processed through AssuriCare.
For additional information, please visit www2.assuricare.com.
Wellcove by CHCS Services has been serving as the nation’s leading full-service senior market solutions
provider for over 25 years. Wellcove's solutions span the insurance senior market sector. Focusing on
long-term care and Medicare Supplement plans A-N. Wellcove also addresses challenges faced in life,
accident & health, disability, and the various other supplemental health insurance programs.
For additional information, please visit www.wellcove.com.
TELEO Capital is a lower middle market private equity firm that looks to invest in opportunities where its strategic thought, operational resources, and capital base empower management to perform and execute their business plan. TELEO brings a successful track record of executing corporate carve-outs, recapitalizing broken balance sheets, acquiring founder-owned companies, and implementing buy and build strategies for its portfolio companies. TELEO targets opportunities in the technology & software, healthcare IT, business services, and industrial sectors. The firm is headquartered in Boise, ID with an additional office in Los Angeles, CA.
For additional information, please contact Matt Oehlmann at moehlmann@teleocapital.com or visit our website at www.teleocapital.com