MatrixCare, the long-term care industry’s largest vendor of electronic health records and related technologies, has acquired competitor SigmaCare in a deal that should expand MatrixCare’s reach in the New York region.
“We’re very excited about this move for a couple of reasons,” said John Damgaard, President and CEO of MatrixCare, in a corporate announcement. “Strategic acquisitions are a key component of our growth strategy. Serving facility-based operators and home health, home care, and hospice operators nationwide, SigmaCare is the dominant player in the Greater New York area, which is a strategic focus for us. Their deep understanding of issues affecting local operators, such as DSRIP and multiple regional HIEs, will further strengthen our spectrum-wide solutions for managing the health and wellness of US seniors and will help us better support New York area providers as we navigate the transition to a fee-for-value healthcare system together.”
SigmaCare customers will be given access to MatrixCare’s full solution set including CareCommunity, Revenue Cycle Management, and MatrixCare Analytics to help their organizations deliver superior care, maximize reimbursements, reduce readmissions, maintain high occupancy, facilitate interoperability across the spectrum of care and support executive decision making. In addition, MatrixCare has said it will continue to support key existing SigmaCare products for a period of five years.