SALT LAKE CITY, UT--(Marketwired - May 22, 2017) - Corum Group, the leading global software M&A advisory firm, announced today that its client Hospicesoft, a supplier of cloud-based software for hospices, was acquired by Optima Healthcare Solutions, a leading provider of cloud-based software for post-acute care providers. Optima is a portfolio company of Alpine Investors V, LP and affiliated funds managed by Alpine Investors.
"We are delighted to have been a part of bringing together these two leaders in an increasingly vital market," said Corum Vice President Steve Jones, who led the deal.
"The talented team at Hospicesoft has built a modern, easy to use application that is beautifully tailored for the needs of hospices," said Josh Pickus, Optima's CEO. "We are especially pleased to bring a company with deep hospice expertise and an outstanding reputation for customer service into the Optima family."
"We are grateful to Corum Group for their diligence and skill in navigating this complex process of selling our company that brought us together with such an ideal partner," Rex Hale, Hospicesoft's founder. "I'm excited to see the combined company deliver a truly differentiated solution in the post-acute care market."
Designed exclusively for hospice organizations from the ground up, Hospicesoft offers a complete EMR and billing solution that enhances and improves compliance and reimbursement with guided workflows that ensure accurate and complete documentation. Optima plans to maintain and expand the hospice-specific capabilities of the application, while also integrating it with the Optima home health product, making a complete solution available to agencies that operate in both the hospice and home health arenas.
The deal is the latest in a long line of Corum Group healthcare technology M&A transactions, including the acquisition of eMDs by Marlin Equity Partners, American Healthtech by Healthland, and Fastrack Healthcare Systems by Mediware.
Corum has also been very active in Utah, representing sellers such as Planswift, sold to Textura, and Sterling Wentworth, acquired by Sungard. According to Jones, based out of Salt Lake City, "Utah's technology community punches well above its weight. The talent and innovation in our region is building companies in high demand by acquirers globally, and we look forward to doing significantly more deals here."
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and Internet companies worldwide. With offices globally, Corum has completed over US $7 billion in software M&A transactions over the last 30 years, spanning six continents. Corum also educates the industry with its popular conferences and publishes the most widely distributed software M&A research. Corum's M&A advisors are highly experienced former tech CEOs, who are supported by the industry's leading researchers, writers and valuators. Corum also does much to educate the industry with its conferences and webinars and the industry's most widely distributed software and IT M&A research.
Optima Healthcare Solutions is a leading provider of cloud-based software for post-acute care providers, including contract therapy companies, skilled nursing facilities, outpatient clinics, home health agencies and hospice organizations. More than 9,000 sites of service entrust Optima to deliver software that improves patient care and enhances business performance.
Hospicesoft provides an easy to use cloud-based solution covering all areas of hospice management. HospiceSoft is headquartered in Salem, Utah.
It's important to realize that you as a company founder or CEO go through this process only once or twice in a lifetime, and you should work with someone who has more experience with it, just like your acquirer does. That was specifically critical for us with Corum as we still had to run our day-to-day business.