Investment allows StateServ to improve software, expand network
By HME News Staff
Updated Tue September 26, 2017
TEMPE, Ariz. - StateServ Holdings, a DME provider to hospices and other post-acute care service providers, has received an equity investment from an affiliate of Blue Wolf Capital Partners. The investment will allow StateServ to improve and expand its proprietary software solution, DMETrack, which provides workflow automation, real-time reporting and analytics to optimize the operational, clinical and financial performance of its customers. The company also plans to use the investment to add DME providers to its network. Currently, StateServ has 1,300 DME provider locations, along with 21 company-owned warehouse facilities. It offers a full spectrum of DME benefit management solutions to more than 550 hospice providers that serve more than 80,000 patients per day in 46 states. Paul DiCosmo, CEO of StateServ, and other members of the management team will continue to lead the company and have maintained a significant equity stake. Financial terms of the deal were not disclosed.
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