Healthcare Automation bought for $3.5M

Mediware Information Systems Inc., a Kansas-based medical-software firm, announced on Tuesday that it will pay $3.5 million to buy Healthcare Automation Inc. (HAI), a local developer of software for home health-care providers.

Mediware (Nasdaq: MEDW) also agreed to pay $2 million to buy Advantage Reimbursement Inc., an Andover, Mass.-based company that was spun off from HAI in February by the two companies’ founders, David A. Belhumeur and Kenneth J. Pereira.

Full Story: Healthcare Automation bought for $3.5M Source: Providence Business News, November 25th, 2009 Author: Ted Nesi

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Kansas firm buys Healthcare Automation11.27.09Providence Business News

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