Mediware acquires home infusion companies
Healthcare management company Mediware Information Systems recently announced that it will acquire a pair of companies--Healthcare Automation and Advantage Reimbursement--to grow its home infusion customer base from 150 to 450 customer facilities.
Both Healthcare Automation, of Cranston, R.I., and Advantage Reimbursement, based in Amherst, Mass., were acquired from a single ownership group. They provide software and outsourced reimbursement services to home health providers, specifically, home infusion and specialty pharmacies.
Terms of the deal include a cash payment of $5.5 million, with an additional cash payment of up to $1.5 million if performance targets are met.
Key leaders for each business are being retained, including the group’s CEO, Ken Pereira, and other operational leaders. Pereira will become a Mediware vice president and general manager, leading the company’s new Alternate Care Solutions group.
Mediware, of Lenexa, Kan., expects to complete the acquisition before December 15.
Both Healthcare Automation, of Cranston, R.I., and Advantage Reimbursement, based in Amherst, Mass., were acquired from a single ownership group. They provide software and outsourced reimbursement services to home health providers, specifically, home infusion and specialty pharmacies.
Terms of the deal include a cash payment of $5.5 million, with an additional cash payment of up to $1.5 million if performance targets are met.
Key leaders for each business are being retained, including the group’s CEO, Ken Pereira, and other operational leaders. Pereira will become a Mediware vice president and general manager, leading the company’s new Alternate Care Solutions group.
Mediware, of Lenexa, Kan., expects to complete the acquisition before December 15.