Mediware Purchasing Kinnser Software
Deal should help software company become a sizable player in the alternate care market.
- By David Kopf
- Jun 01, 2017
HME and post-acute software company Mediware Information Systems Inc. has finalized a deal to acquire Kinnser Software Inc., which produces software solutions for home health and hospice providers.
Mediware says the acquisition will help it expand into the home health and hospice space, and help it become an integrated software provider for the alternate care market. Mediware bought Kinnser from Insight Venture Partners, with the transaction backed by TPG Capital. The exchange is expected to close at the end of the second quarter.
Founded in 2003 by CEO Chris Hester, Kinnser serves more than 4,000 users in home health, hospice, and private duty homecare. The company’s core products, Kinnser Agency Manager and Kinnser Hospice, offer software solutions for electronic medical record keeping, revenue cycle management, financial reporting, and quality assurance.
“This combination with Mediware enables us to expand our offerings and serve even more customers,” Hester said. “We thank Insight Venture Partners and Georgian Partners for their partnership and look forward to our next chapter with Mediware and TPG. Personally, I am excited to continue to lead Kinnser and to partner with Mediware as we realize the exciting potential together in our businesses.”
“With Kinnser, we add home health and hospice to our leading positions in software solutions for home IV, home medical equipment and rehabilitation providers,” said Thomas Mann, CEO of Mediware. “We are excited to work together to continue to accelerate Mediware’s growth.”
In February, TPG Capital closed its acquisition of Mediware. TPG has previously invested in a number of companies in the healthcare IT sector, including Evolent Health, IMS Health and Quintiles (QuintilesIMS). Nehal Raj and Jeff Rhodes, Partners at TPG called the Kinnser acquisition “transformative.”
“Alternate care providers are continuing to see growth in patient volumes and are relying on technology as a low-cost and efficient management solution,” they noted in a public statement. “We partnered with Mediware because we saw a compelling opportunity to invest in a high-quality software provider that will continue to benefit from these trends. Kinnser fits well within this vision, and broadens our end-market breadth within alternate care settings.”
David Kopf is the Editor of HME Business.