Mediware Information Systems, Inc., a provider of comprehensive healthcare IT software solutions, announced today that it has acquired Chandler-based MediServe, a provider of electronic documentation solutions for inpatient and acute care rehabilitation, outpatient rehabilitation and respiratory care facilities. This includes the SpectraSoft brand.
Founded in 1986, MediServe focuses on improving clinical and business workflow while actively addressing regulatory compliance and revenue cycle improvement. MediServe software products are used in more than 2,500 customer facilities including hospital networks and outpatient and private practice providers. Mediware plans to leverage MediServe solutions to expand the current focus of the company’s ‘Alternate Care Solutions’ product line, which was formed to provide workflow, billing and reimbursement support for home infusion, home medical equipment and home health agencies.
MediServe is recognized in the industry for its significant domain knowledge in rehabilitation and respiratory care. MediServe has leveraged this expertise, in combination with the guidance of its leading customers, in the design of a cloud-based (SaaS) solution that addresses the industry’s unique workflow, reimbursement and regulatory requirements. MediServe’s proven approach also helps customers enhance revenue, improve the quality of care and increase employee productivity. Core offerings include the MediLinks suite of products for inpatient rehabilitation, outpatient rehabilitation and respiratory management. Other key products include the SpectraSoft medical scheduling software.
“Most analysts agree that the percentage of care delivered outside traditional hospital rooms will continue to increase over the next twenty years,” said Thomas Mann, Mediware’s president and chief executive officer. “To meet these growing needs Mediware has aggressively pursued technologies that improve the effectiveness of these organizations, looking to improve quality and efficiencies, while lowering costs. Our expansion into home infusion, home medical equipment and home health are examples of this strategy.”
Mediware’s acquisition history includes the 2008 acquisition of specialty pharmacy provider, Hann’s On Software, the 2009 acquisition of Healthcare Automation, and the 2011 acquisition of CareCentric. Together these acquisitions formed the basis of Mediware’s Alternate Care Solutions product strategy which provides workflow, billing and reimbursement support for care providers that typically reside outside the four walls of the hospital. These services have increasingly been in demand as a cost-effective method for lengthy treatments that do not require a hospital stay.
“Through the addition of MediServe, we expand our focus to include rehabilitation and respiratory care,” continued Mr. Mann. “MediServe has strong reputation and a blue chip customer base that is consistent with our other product groups. The team shares similar solution and service philosophies, and their market-leading product suite offers customers a compelling edge and an immediate return on investment. We look forward to helping this team grow their business.”
MediServe software is used by some of the country’s most prestigious healthcare organizations, including many that already use other Mediware-designed products. Mediware’s plan is to leverage existing resources and relationships to help accelerate MediServe’s growth, and to broaden Mediware’s solution footprint with care providers outside the hospital.
“There are tremendous synergies between MediServe and Mediware,” concluded Mr. Mann. “The MediServe product strategy is in clear alignment with our approach through our Alternate Care Solutions product line. Further, MediServe targets the large and prestigious organizations in healthcare, a market segment where we are well established with all our products. I expect this to be a seamless transition for our combined teams.”
MediServe represents the eleventh Mediware acquisition in six years, and the fourth the company has completed in calendar 2012. During the year Mediware was also acquired by the private equity firm Thoma Bravo, a transaction that was finalized on November 9, 2012.