Last week healthcare-focused intelligence and analytics software company Mediware announced that it is acquiring Rock-Pond Solutions, an analytics software company dedicated to the home infusion, home medical equipment, and specialty pharmacy industries. The terms of the acquisition were undisclosed.
The acquisition will give Mediware access to Rock-Pond’s data tools CareTend BI and CareTend BI for CPR+, which aim to help provider improve efficiencies and profitability.
“Rock-Pond Solutions has a proven 17-year track record of providing high-quality business intelligence and analytics solutions to meet the unique requirements of home infusion, [home medical equipment], and specialty pharmacies. The company’s highly regarded team brings deep experience in post-acute care and they have successfully helped Mediware’s CareTend software become the strong solution it is today,” Bill Miller, CEO of Mediware said in a statement. “By acquiring Rock-Pond Solutions, we are strengthening our software offerings to truly help our customers deliver better care to patients across the entire spectrum of post-acute settings by using business intelligence and analytics in meaningful ways.”
The companies have teamed up in the past when Mediware used Rock-Pond’s analytics, intelligence and content tools.
“Our longtime partnership with Mediware shows that we both have a shared understanding of how business intelligence and analytics helps post-acute facilities streamline decision making and enhance patient care delivery,” Pete Tanguay, president of Rock-Pond Solutions, said in a statement. “This acquisition will build on our historical success by delivering even better software solutions, business intelligence, and new products.”
Mediware has several different platforms including tools for blood banks and transfusion centers, home health, scheduling, medication management, and cellular therapy. Based in Lenexa Kansas, the company bills itself as a software company that can help keep costs down while catering to the aging population in the United States. The company was first founded in 1970 as a blood banking information system but has evolved to include several different types of healthcare focused platforms.
This isn’t Mediware’s only recent acquisition. At the beginning of the month Mediware announced that it was acquiring BlueStrata EHR, a cloud based EHR specifically for long-term post-acute care providers. At the time Mediware said the acquisition would help it expand its functionalities in long-term care and skilled nursing facilities.
“We see tremendous potential with BlueStrata EHR. It’s a comprehensive, easy-to-use clinical and billing system for the long-term care industry,” Miller said at the beginning of August. “BlueStrata EHR provides Mediware with a high-quality solution and a new market opportunity where we can share our expertise in improving care through technology. Together with BlueStrata EHR, Mediware now offers the broadest set of solutions in the post-acute software market, including home health, hospice, and rehab.”