Business & Tech
Plainview Company Sold to Kansas Firm
Fastrack acquired by Mediware Information Systems.
The Kansas company plans to combine the Fastrack business with its existing Alternate Care Solutions business line.
"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, said: "We see the acquisition of Fastrack, a pioneer in HME and home infusion therapy software, as a positive transaction for customers."
Mediware was founded in 1970 and began offering software solutions in 1980. The company employs more than 400 subject matter experts. Mediware’s portfolio of solutions currently includes blood services, cellular therapy, medication management, physical rehabilitation, respiratory therapy, behavioral health and home care.
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Terms of the deal were not disclosed.
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