Brightree adds ‘nimble providers’ with MedAct buy
ATLANTA – Brightree has acquired McKinney, Texas-based MedAct, adding 330 HME providers to its customer base.
“With the addition of MedAct, we are expanding our market reach to include some of the industry’s most nimble HME providers,” said Dave Cormack, president and CEO of Brightree, in a release.
MedAct’s customers will join Brightree’s more than 3,000 customers.
Under the terms of the agreement, MedAct CEO Gregg Timmons joins Brightree as executive vice president, MedAct Division. Brightree will continue to provide development and customer support for current MedAct solutions.
Cormack says combining Brightree’s and MedAct’s resources, talent and industry knowledge will position the companies to better help their customers navigate declining reimbursement rates, increasing audit pressures and other challenges.
“HME providers require advanced software solutions and services that enable them to operate more efficiently, improve revenues and achieve greater profitability,” he said.
Timmons says by joining Brightree, MedAct is tapping into the company’s “significant product development investment strategy.”
In addition to MedAct’s customer base, Brightree will be able to leverage the company’s headquarters in Texas, giving it a presence in the central U.S.