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Mediware broadens reach in alternate care market

Mediware broadens reach in alternate care market

LENEXA, Kan. - Mediware Information Systems has finalized an agreement to buy Kinnser Software, a provider of software solutions to 4,000 home health, hospice and private duty home care professionals, the company announced May 30.

The acquisition allows Mediware to expand its portfolio in the home health and hospice space, creating an integrated, high-growth software provider for the alternate care market, according to a press release.

“Kinnser's intuitive platform provides Mediware with additional depth, expertise and capabilities to strengthen our platform in the home health and hospice space,” said Thomas Mann, CEO of Mediware, in the release. “This transaction marks our next step as we continue to expand our offering as the leading, integrated supplier of software solutions for alternate care providers.”

Mediware is purchasing Kinnser from Insight Venture Partners, a global private equity and venture capital firm based in New York City. Insight invests in growth-stage technology, software and Internet businesses.

TPG, which backed the deal, bought Mediware earlier this year.

“As experienced investors in software and healthcare, we have witnessed the role that innovation can play in advancing the industry's infrastructure,” said Nehal Raj and Jeff Rhodes, partners at TPG, in the release. “Alternate care providers are continuing to see growth in patient volumes and are relying on technology as a low-cost and efficient management solution. We partnered with Mediware because we saw a compelling opportunity to invest in a high-quality software provider that will continue to benefit from these trends. Kinnser fits well within this vision, and broadens our end-market breadth within alternate care settings.”

Mediware has made a string of acquisitions in the past few years, including Definitive Homecare Solutions and its CPR+ platform; Fastrack; and CareCentric's software solutions for the homecare market, including MestaMed.


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