Business Briefs: MatrixCare Buys SigmaCare
MatrixCare Acquires EHR Vendor SigmaCare
MatrixCare, a long-term care software services provider, has acquired SigmaCare, an electronic health record (EHR) technology vendor for the long-term post-acute care market.
MatrixCare also provides EHR software. Its customer base includes about 12,000 facility-based care settings and more than 2,000 home care agency offices throughout the U.S.
SigmaCare customers will immediately be able to use MatrixCare’s full software set, including CareCommunity, Revenue Cycle Management and MatrixCare Analytics. Additionally, MatrixCare will maintain and support key existing SigmaCare products for five years.
Pennsylvania Provider Taps Friends Life Care to Launch Continuing Care Program
Morningstar Living, a senior living operator in Nazareth, Pennsylvania, will team up with Friends Life Care, which provides wellness programs, home health care and other personal care services, for a new continuing care program.
The two organizations are scheduled to launch the new program in Lehigh Valley, Pennsylvania, in July, according to a press release.
The program is an affordable plan for lifelong care plus a care coordinator who develops, manages and monitors the care when it is needed. Home care would be coordinated by Friends Life Care and provided by Morningstar Living’s network of caregivers.
Traditions Hospice Expands Footprint in Houston
Traditions Hospice of South Houston, a subsidiary of Traditions Health Care Holding Company, has bought out one of its local competitors.
The company recently acquired Hallmark Hospice, another hospice provider in Houston, according to a press release.
The terms of the deal were not disclosed.
Brookdale Senior Living Joins Innovation Group
Senior living and home health care provider Brookdale Senior Living (NYSE: BKD) has joined the Innovation Partner Program, a collaborative effort that includes a host of non-competitive Fortune 500 corporations such as Google, Coca-Cola and Airbus.
Brookdale is the first senior living company to join the initiative. The company was added to the Innovation Partner Program by Health:Further, the organization that runs the annual affordable health care conference series of the same name in Nashville.
As part of its new membership, Brookdale will conduct targeted “innovation searches” using Health:Further’s platform and participate in the Health:Further 2017 Festival.
Atlanticus Holdings Corporation Invests in Provider Web Capital
A large national financial holding company has completed a minority equity investment in Provider Web Capital, a company that finances small health care businesses throughout the U.S.
The new investment from Atlanticus Holdings Corporation (NASDAQ: ATLC) will allow Provider Web Capital to increase staff, deploy new technology solutions and grow its balance sheet, according to a press release.
New York Home Medical Equipment Company Acquires Local Provider
A company focused on home medical equipment is beefing up the services it offers in New York.
Nunn’s Home Medical Equipment acquired the assets of Tri-County Home Care, a home health agency based in Syracuse, New York, reports the Rome Sentinel, a local news publication.
The acquisition allows Nunn’s to expand its core business of respiratory products and services into the Syracuse area.
Complia Health Debuts New Version of Suncoast Hospice Software
Complia Health, a home health care and hospice technology company, has announced the release of its newest software, Suncoast Version 8.
Features are listed on the Complia website.
Written by Tim Regan