Hearst Corporation has agreed to buy 85% of a software company that serves the home care and hospice industry, an acquisition Hearst says will bolster its healthcare services group.
Through the acquisition of 85% of Dallas-based Homecare Homebase, LLC, Hearst will incorporate the software-as-a-service provider into its existing health care portfolio.
The software allows staff, field staff and physicians to exchange information throughout the caregiving process, including billing information. Ongoing updates and training allow users to remain up to date on regulatory changes and other shifts impacting caregivers in home care and hospice settings.
The company was acquired under undisclosed terms. Its CEO, April Anthony, will remain CEO following the closing of the transaction.
Hearst currently owns several service lines including First Databank, Zynx Health and MCG (formerly Milliman Care Guidelines), with the current acquisition providing an opportunity to grow services for caregivers, the company said.
“Homecare Homebase is committed to bringing today’s front-line caregivers the best possible resources and we look forward to the advancements they will continue to make in the field,” said Hearst Corporation president and CEO Steven Swartz. “This investment will expand our commitment to leading the healthcare information industry in an effort to improve the efficiency and affordability of patient care.”
Written by Elizabeth Ecker