Mediware Information Systems, Lenexa, Kan., has announced it will acquire two companies, Healthcare Automation, Cranston, R.I., a software services developer for home health providers, and Advantage Reimbursement, Andover, Mass., a billing service for home infusion and home respiratory service providers.
Healthcare Automation, founded in 1988, spun off Advantage Reimbursement earlier this year, according to the company Web site.
Mediware will form what is to be called the Alternate Care Solutions business group from the new acquisitions, which are to be headed by Ken Pereira, CEO of the two companies. Pereira will become a Mediware vice president and general manager, according to a news release.
Mediware is to pay $5.5 million for the two companies, with up to an additional $1.5 million possible if performance targets are met, the company said in the release. The deal is expected to close before Dec. 15.