M&A Deal Summary

Casamba Acquires Therapy Source Rehab Toolkit

On October 18, 2016, Casamba acquired software company Therapy Source Rehab Toolkit from Source Medical Solutions

Acquisition Highlights
  • This is Casamba’s 2nd transaction in the Software sector.
  • This is Casamba’s 2nd transaction in the United States.
  • This is Casamba’s 1st transaction in Alabama.

M&A Deal Summary

Date 2016-10-18
Target Therapy Source Rehab Toolkit
Sector Software
Buyer(s) Casamba
Sellers(s) Source Medical Solutions
Deal Type Divestiture

Target

Therapy Source Rehab Toolkit

Birmingham, Alabama, United States
Therapy Source Rehab Toolkit is a provider of software solutions to healthcare industry in US.

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Buyer(S) 1

Buyer

Casamba

Agoura Hills, California, United States

website


Category Company
Founded 2004
Sector Software
DESCRIPTION

Casamba is a supplier of enterprise software systems to large providers of therapy. Through its cloud-based platform, the Company provides comprehensive clinical therapy documentation, scheduling and billing automation solutions for contract therapy and other healthcare organizations. Casamba offers an integrated solution that expands its clients’ back-end office functionality, interfacing with other commercial healthcare and financial information systems. Casamba serves more than 8,000 skilled nursing, acute, outpatient and home health locations in the country, partnering with leading healthcare providers to serve patients on a national scale. Casamba was founded in 2004 and is based in Agoura Hills, California.


DEAL STATS #
Overall 2 of 2
Sector (Software) 2 of 2
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-18 HealthWyse

Wilmington, Massachusetts, United States

HealthWyse LLC is a provider of clinical and financial software solutions for home care, hospice and private duty agencies. Delivered through a hosted data center with end-to-end managed services, the company‘s fully integrated services and software offerings include a Point of Care, Clinical Management and Billing solution customized to meet the needs of various agencies.

Buy -

Seller(S) 1

SELLER

Source Medical Solutions

Birmingham, Alabama, United States

website


Category Company
Sector Information Services
DESCRIPTION

Source Medical Solutions, Inc. (SourceMedical) is a provider of outpatient information solutions and revenue cycle management services for rehabilitation clinics, ambulatory surgery centers and specialty hospitals nationwide. SourceMed is based in Birmingham, Alabama.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Alabama) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 LaClaro

Johnstown, Colorado, United States

LaClaro, Inc. is a provider of an automated workflow and management reporting package that extends your existing Facility Management Software package.

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