M&A Deal Summary

Netsmart Acquires HomeCare Accounting Solutions

On February 1, 2018, Netsmart acquired internet software and services company HomeCare Accounting Solutions

Acquisition Highlights
  • This is Netsmart’s 1st transaction in the Internet Software and Services sector.
  • This is Netsmart’s 8th transaction in the United States.
  • This is Netsmart’s 1st transaction in New Jersey.

M&A Deal Summary
Date 2018-02-01
Target HomeCare Accounting Solutions
Sector Internet Software and Services
Buyer(s) Netsmart
Deal Type Add-on Acquisition

Target

HomeCare Accounting Solutions

Lincroft, New Jersey, United States
HomeCare Accounting Solutions is a cloud based software company that automates back-office and clinical field operations of home care agencies such as home health, hospice, palliative care and private duty. HomeCare Accounting Solutions is based in Lincroft, New Jersey.

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Buyer(S) 1

Buyer

Netsmart

Overland Park, Kansas, United States
Category Company
Founded 1968
Sector Internet Software and Services
Employees337
DESCRIPTION

Netsmart is a provider of enterprise software and software as a service (SaaS) solutions for health and human services providers. Netsmart provides technology and expertise to help health and human services providers deliver effective, outcomes-based services and care to more than 25 million persons nationwide. Netsmart clients include mental health and addiction services agencies, health homes, psychiatric hospitals, private and group mental health practices, public health departments, social services, child and family services agencies, managed care organizations and vital records offices. Netsmart was founded in 1968 and is based in Overland Park, Kansas.

DEAL STATS #
Overall 8 of 16
Sector (Internet Software and Services) 1 of 4
Type (Add-on Acquisition) 8 of 14
State (New Jersey) 1 of 1
Country (United States) 8 of 16
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-19 DeVero

San Jose, California, United States

DeVero, Inc. is a healthcare technology company that specializes in home healthcare and hospice. DeVero, Inc. was established in 2007 and is headquartered in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Change Healthcare - Home Care and Hospice Solutions

Nashville, Tennessee, United States

Change Healthcare, Inc. - Home Care and Hospice Solutions is a provider of health information exchange (HIE), analytics, referral management and mobility solutions.

Buy -
Mergr

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