Advertise With UsAdvertise on our extensive network of industry websites and newsletters.
Get the PBR newsletterSign up to our free email to get all the latest PBR
news.Mediware Information Systems, a provider of ClosedLoop software for blood and medication management, has acquired substantially all the assets of Hann's On Software, a pharmacy management software provider based in Santa Rosa, California.
Subscribe to our email newsletter
Mediware’s purchase agreement includes a cash payment of approximately $3.5 million, with an additional earn out opportunity based on operational performance.
According to the company, the addition of Hann’s On Software (HOS) and IMS, which was acquired in November 2007, expand the company’s total customer base to more than 1,400 facilities worldwide. These include large academic, community acute care, behavioral health and specialty care hospitals, as well as blood and plasma centers, and centralized transfusion service providers.
Kelly Mann, Mediware’s president and CEO, said: “HOS is a very well run business and this accretive transaction is a good example of how we can strategically use Mediware’s cash resources to expand our ability to deliver patient safety solutions.
“The addition of the HOS product suite enables us to sell to a larger market and complements our strategy to grow medication management in specialty segments such as small hospitals and behavioral health. I am particularly excited about the alternate-site infusion and specialty pharmacy tools that Mediware will be able to provide to our customers and the broader pharmacy market.”