Mediware Information Systems, Inc. announced today that it has acquired Fastrack Healthcare Systems, Inc., a home medical equipment (HME) and home infusion therapy software solutions company. Mediware acquired more than 300 new customers and the related expertise, products, services and contracts of Fastrack.
Mediware plans to combine the Fastrack business with its existing Alternate Care Solutions business line. Mediware has operated in the HME, home infusion therapy and home health nursing software sector by building a portfolio of homecare solutions through acquisitions that began in 2008.
Acquiring Fastrack expands Mediware’s already substantial position in the homecare market. “Mediware software now supports more than 700 customers who deliver home infusion, HME, specialty pharmacy and home health nursing services to patients with chronic illnesses throughout the United States,” said Thomas Mann, Mediware’s president and chief executive officer.
“This transaction continues our strategy of extending Mediware’s expertise into specialized acute, sub-acute and community-based settings that are forecasted to experience growth over the next decade,” Mann continued. “Increasingly, homecare providers look to our solutions to drive down costs and to prepare their businesses for growth spurred by health reform and the aging population.”
Spencer Kay, chief executive officer at Fastrack, adds: “We see the acquisition of Fastrack, a pioneer in HME and home infusion therapy software, as a positive transaction for customers. Mediware is committed to investment, customer service support and innovation in interoperability, which means future expansion opportunities and added stability for Fastrack customers.”
Mediware was founded in 1970 and began offering software solutions in 1980 to help providers excel in high-growth, complex patient care environments that remain underserved by existing vendors. The company employs more than 400 subject matter experts who deeply understand business and care processes in highly specialized acute, non-acute and community-based care settings and have years of experience integrating systems. Mediware’s portfolio of solutions currently includes blood services, cellular therapy, medication management, physical rehabilitation, respiratory therapy, behavioral health and home care.