Mediware Information Systems, Inc. announced on Tuesday the acquisition of Fastrack Healthcare Systems, Inc., a home medical equipment and home infusion therapy software solutions company.
Through the transaction, Mediware gained more than 300 new customers along with Fastrack’s expertise, products, services, and contracts.
The Lenexa, Kan.-based software solutions provider plans to combine the Fastrack business with its existing Alternate Care Solutions business line. Mediware has operated in the HME, home infusion therapy, and home health nursing software sector by building a portfolio of home care solutions through a series of acquisitions that began in 2008.
“This transaction continues our strategy of extending Mediware’s expertise into specialized acute, sub-acute and community-based settings that are forecasted to experience growth over the next decade,” said Thomas Mann, Mediware’s president and CEO, in a statement. “Increasingly, homecare providers look to our solutions to drive down costs and to prepare their businesses for growth spurred by health reform and the aging population.”
Neither company disclosed the financial terms of the acquisition.
Written by Alyssa Gerace