Mediware Information Systems Inc, which is backed by TPG Capital, has acquired Conway, Arkansas-based Rock-Pond Solutions, a business intelligence and analytics software provider for the home infusion, home medical equipment and specialty pharmacy industries. 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 in health care and human services, and Rock-Pond Solutions, a business intelligence and analytics software provider for the home infusion, home medical equipment (HME), and specialty pharmacy industries, are pleased to announce that Mediware has acquired Rock-Pond Solutions.
As a longtime trusted Mediware partner, Rock-Pond Solutions has offered business intelligence, analytics, content, tools, and services to many of Mediware’s home infusion, HME, and specialty pharmacy customers. Rock-Pond’s business intelligence and analytics software extends the power of Mediware’s home care solutions. Their leading products — CareTend BI and CareTend BI for CPR+ — provide the meaningful data providers need to drive efficiency, profitability, and quality.
The Rock-Pond acquisition provides Mediware with opportunities for product advancement and optimization, as well as supports more collaborative work on the CareTend product roadmap. Acquiring Rock-Pond further enhances Mediware’s portfolio of industry-leading software solutions. The acquisition uniquely positions Mediware to develop even better business intelligence and analytics solutions that will provide customers with enhanced insights to help them streamline processes and make smarter decisions.
“Rock-Pond Solutions has a proven 17-year track record of providing high-quality business intelligence and analytics solutions to meet the unique requirements of home infusion, HME, and specialty pharmacies. The company’s highly regarded team brings deep experience in post-acute care and they have successfully helped Mediware’s CareTend software become the strong solution it is today,” said Bill Miller, CEO of Mediware. “By acquiring Rock-Pond Solutions, we are strengthening our software offerings to truly help our customers deliver better care to patients across the entire spectrum of post-acute settings by using business intelligence and analytics in meaningful ways.”
Mediware will combine engineering teams to improve coordination and consistency. Additionally, Mediware plans to accelerate investment in analytics and expertise, beyond CareTend, and continue to drive product innovation.
“Our longtime partnership with Mediware shows that we both have a shared understanding of how business intelligence and analytics helps post-acute facilities streamline decision making and enhance patient care delivery,” said Pete Tanguay, President of Rock-Pond Solutions. “This acquisition will build on our historical success by delivering even better software solutions, business intelligence, and new products.”
Based in Conway, Arkansas, Rock-Pond Solutions is the leading provider of business intelligence and analytics software to the home infusion, HME, and specialty pharmacy industries. Rock-Pond was founded in 2000 as a consulting firm for infusion and specialty pharmacy.
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 Rock-Pond Solutions
Rock-Pond Solutions, based in Conway, Arkansas, is the leading provider of business intelligence software to the home infusion, HME and specialty pharmacy industries. Their leading products, CareTend BI and CareTend BI for CPR+, provide the information post-acute healthcare providers need to drive efficiency, profitability and quality. The services side of Rock-Pond, Rock-Pond Services, specializes in delivering custom business intelligence solutions as well as system integration with health systems, pharmaceutical manufacturers, payers and other stakeholders in the healthcare delivery continuum. Founded in 2000 by Pete Tanguay, Rock-Pond products are used in all 50 states and Puerto Rico. For more information on Rock-Pond products and services, visit our website at www.rock-pond.com.
TPG is a leading global alternative asset firm founded in 1992 with more than $84 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.