AlayaCare acquired New York-based Arrow Solutions, a software company that serves the personal care services community. No financial terms were disclosed. AlayaCare’s backers include Caisse de dépôt et placement du Québec and Inovia Capital. Based in Montreal and Toronto, AlayaCare is a technology platform for home and community care providers.
TORONTO, ON – February 7, 2020 – AlayaCare, an award-winning technology platform for home and community care providers, announced today the acquisition of Arrow Solutions, a New York-based software company that has served the personal care services community since 2003. The acquisition of Arrow Solutions’ product and market expertise presents tremendous opportunity for AlayaCare to scale expansion in the US market.
“The acquisition of Arrow Solutions is the cornerstone of our expansion into the US Medicaid market and beyond,” said Adrian Schauer, AlayaCare CEO & Founder. “New York is one of the most complex and highly regulated states in the US home care industry and the acquisition of Arrow Solutions enhances our ability to scale our technology to a level that can scale with any shifting landscape.”
Arrow Solutions was founded by owners of a home care agency serving the New York City area who are passionate about providing an enterprise solution for home care agencies that is customizable and easy to use. Arrow Solutions’ software was originally designed to serve Licensed Home Care Services Agencies (LHCSA’s) in the New York market, representing more than 1,400 organizations, and has since expanded its agency management and Medicaid billing capabilities into 10 additional states as its client base has grown.
“We are thrilled about entering into a new chapter with AlayaCare, with whom we share a unified commitment to provide clients with the best technology for better patient outcomes,” said Michael Appel, Arrow Solutions CEO. “Together, we will be able to offer our customers a robust solution and expand our capabilities in the growing US market.”
Schauer adds, “the Arrow Solutions team brings decades of in-depth industry knowledge and software development experience to the table. Arrow Solutions’ mission to make the complex simple so that agencies can focus on serving their patients perfectly aligns with AlayaCare’s vision of being the world’s most trusted home care technology provider. We’re excited to welcome their team and customers to the AlayaCare family.”
Founded in 2014, AlayaCare has provided the industry with innovative technology solutions to optimize the full care continuum for home and community care organizations in Canada, United States and Australia. The acquisition of Arrow Solutions follows shortly after AlayaCare’s acquisition of Procura and accelerates AlayaCare’s growth strategy.
AlayaCare’s unique platform offers a complete technology solution to manage the entire client lifecycle including referrals and intake, scheduling, coordination, client health records, clinical documentation, care worker management, billing and payroll, reporting, remote patient monitoring, and a mobile caregiver app in one integrated, highly robust and secure, cloud-based system. AlayaCare is providing the platform for home and community care organizations to propel towards innovation and home care of the future. AlayaCare was founded in 2014. www.alayacare.com
About Arrow Solutions
Arrow Solutions is a software company offering customized and dedicated systems to help home health agencies improve patient management, streamline scheduling, billing and payroll and stay compliant. Founded in 2003 by the owners of a home care agency, Arrow Solutions is distinguished by the desire and capability to create solutions that meet each home health agency’s client specific needs. The Company goal and mission is to make the complex simple in order to allow agencies to focus on serving their patients. https://arrow-solutions.com