TPG Capital-backed Mediware Information Systems Inc has acquired Northampton, Massachusetts-based Fazzi Associates, a provider of home health and hospice services. No financial terms were disclosed.
LENEXA, Kan.–(BUSINESS WIRE)–Mediware Information Systems, Inc., a portfolio company of TPG Capital and a leading supplier of software solutions for health care and human service providers and payers, and Fazzi Associates, one of the largest and most respected companies serving home health and hospice, are pleased to announce that Mediware has acquired Fazzi Associates.
The acquisition creates a unique alignment between two highly respected health care industry leaders – one in innovative software, the other in outsourced services, consultation, and education. The combined company will have a greater capacity to help post-acute and community-based providers increase efficiency and improve clinical, financial, and operational performance to advance patient care.
The addition of Fazzi Associates enables Mediware to offer new, comprehensive, and best-in-class services and solutions — including medical coding, revenue cycle management, education, CAHPS, consulting, and ancillary solutions that address key challenges and evolving complexities affecting the post-acute care sectors.
“Fazzi Associates complements the Mediware family and further strengthens our ability to advance high-quality and efficient patient care while also driving down health care costs,” said Bill Miller, CEO of Mediware. “Fazzi Associates’ extensive industry knowledge and insights will help us identify potential new opportunities for expansion which is core to Mediware’s long-term growth strategy.”
Founded in 1978, Fazzi Associates is the largest and oldest provider of coding services in home health and hospice. The company is also one of the most respected consulting, training, benchmarking, and research firms in post-acute care. With over 170 years of combined industry experience serving more than 1,400 agencies across all 50 states and Washington, D.C., Fazzi Associates’ management team has a proven track record of success in helping post-acute care agencies improve quality, enhance efficiency, and accelerate growth.
“Mediware shares our mission of driving a culture focused on innovation, quality, and consistency in health care,” said Tim Ashe, RN, MS, MBA, President of Fazzi Associates. “Together, Mediware and Fazzi Associates will be well-positioned for rapid growth as we continue to expand the ways we can help our home health and hospice customers be successful.”
Mediware plans to maintain Fazzi Associates’ reputable brand and western Massachusetts headquarters; the firm’s leadership team will continue to lead Fazzi Associates lines of business. Dr. Bob Fazzi will serve in a strategic advisory role with Mediware, consulting on industry relations, home health advocacy, growth opportunities, and innovation.
Together, Mediware and Fazzi Associates will help organizations make positive transformations and foster well-trained and highly capable professionals working in home health, hospice, and post-acute care.
Mediware is a leading supplier of software for health care and human service providers and payers. Core Mediware solutions include blood management technologies for hospitals and blood centers; cell therapy solutions for cord blood banks, cancer treatment centers, and research facilities; medication management solutions for hospitals, behavioral health facilities, infusion and specialty pharmacy providers; and rehabilitation therapy and respiratory care solutions. For more information about Mediware products and services, visit our website at www.mediware.com.
About Fazzi Associates
Fazzi Associates was founded in 1978 by Dr. Robert Fazzi. Its headquarters are in Northampton, Massachusetts. It’s the largest medical coding company serving home health and hospice, one of the largest patient satisfaction survey companies, and has created one of the largest distance learning platforms with more than 30,000 users. Fazzi’s mission is to make a real difference in health care by strengthening the quality, value and impact of home care, hospice and community based services. The company is equally zealous about being a place where people love their job and love where they work. Fazzi’s operational areas include medical coding services, billing services, consulting, education, benchmarking and research. Fazzi currently employs over 130 people.
TPG is a leading global alternative asset firm founded in 1992 with more than $82 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth venture, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio. For more information, visit www.tpg.com.