Founded in 2012, BlueStrata is a leading cloud-based electronic health record platform for long-term post-acute care providers.
The addition of BlueStrata will allow Mediware to expand its technology solutions into the long-term care market and better address the health care needs of the aging population, along with the business and process needs of the broader post-acute market. The merger will also give BlueStrata access to expanded resources, including investments in technology, sales and marketing.
Mark Turco, director in Ziegler’s Corporate Finance Healthcare practice, commented, “The BlueStrata team has developed a robust, easy-to-use EHR platform that is fully integrated with financial and business intelligence modules, allowing long-term care clients to better communicate across the post-acute care continuum. The partnership with Mediware provides a tremendous opportunity to further scale the business and Ziegler is thrilled to have represented BlueStrata in this transaction.”
Todd Holtmann, president of BlueStrata, commented, “We are excited by the opportunity to partner with Mediware. Mediware understands the importance of home and community-based care and the growth opportunities driven by our aging population and need for higher quality, lower cost care. We thank Ziegler for providing valuable strategic and financial advice throughout the process.”
Mediware acquired BlueStrata shortly after it bought out Fazzi Associates. Ziegler represented the seller on both transactions.