Acquisition Merges Home, Senior Care
Senior care and home care solutions merge in AOD Software’s recent acquisition of Stratis Business Systems, Inc., a leader in home health and home care cloud-based software.
The acquisition will address the growing need for integrated solutions, as more seniors are looking for ways to age in place and receive in-home care.
“As senior living facilities continue to provide more care outside their facility walls, it will be critical that they have solutions that work seamlessly together in each care setting,” says Aric Agmon, president and CEO of AOD, which offers software solutions to senior care providers. “We are certain that the experience and expertise each organization brings, along with their shared culture of client service and innovation, will enhance our solutions that are well-aligned for this growing need.”
By 2019, home health spending is expected to grow 80%, with the pending retirement of the baby boomer population as one of the factors contributing to the increasing demand for at-home and senior care, according to a 2013 Harris Williams & Co. study.
Newly acquired Stratis has partnered with more than 300 established home care companies to deliver solutions for all lines of home care.
“This milestone marks a game-changing move in Stratis’ company history, the senior care and home health markets,” says Joe Kraus, founder and president of Stratis, in a written statement. “By expanding resources through AOD and leveraging their industry expertise, Stratis will accelerate its growth in a market that is rapidly expanding into home care operations.”
The combined companies will result in one of the largest healthcare IT companies focused on seniors. It will employ more than 200 professionals and serve over 3,000 senior care and home care sites.
Written by Emily Study