Healthcare software and services company WellSky (previously known as Mediware) announced yesterday the acquisition of Health Care Software, which specializes in clinical and financial software for long-term care settings.
The terms of the deal were not disclosed. Although HCS will keep its New Jersey office and continue operations, the company will gradually transition into the WellSky brand.
Lenexa, Kansas-based WellSky was founded in 1970 as a blood banking information system, but has since evolved to include several different types of healthcare focused platforms. Its offerings now include tools for home health, scheduling, EHRs, medication management and cellular therapy. WellSky wrote in its announcement that it currently serves more than 10,000 customer sites worldwide.
HCS, founded in 1969, is headlined by its HCS Interactant platform, which offers long-term care facilities enterprise-wide support for revenue cycle management, financial reporting, mobile technologies and other health IT needs.
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“WellSky understands HCS’s mission to better serve specialty hospitals, inpatient rehab facilities, and senior living providers, and we’re excited to unite our resources and capabilities to support our clients in even more ways,” HCS CEO Tom Fahey, who will still be heading his company’s office, said in a statement. “WellSky’s proven commitment to post-acute care makes this a great match, and we know this will benefit all of our clients.”
What’s the impact
According to the announcement, the acquisition provides WellSky with new analytics and care management tools, which will allow it to pursue new market opportunities as well as increase its offerings for existing clients.
What’s the trend
Along with changing its name, WellSky has been on a tear of acquisitions over the past year or so. In 2018 alone, the company acquired Fazzi Associates, BlueStrata, Rock Pond Solutions, MEDTranDirect and Consolo, with each move aimed at expanding its reach and digital offerings for provider customers.
On the record
“At WellSky, we’re using innovative technology to connect once-disparate care settings to ensure patients receive seamless quality care, regardless of how they transition during their care journeys,” Bill Miller, CEO of WellSky, said in a statement. “HCS is highly respected for providing clients with flexible, enterprise software solutions, and together, we’re committed to continuing that legacy and advancing long-term and post-acute care.”
Date: March 4, 2019