SEG Client, HomeTrak, Acquired By ClearCare
April 19, 2017 - Software Equity Group (SEG) announces its client, HomeTrak, a pioneer in private duty home care software solutions, has been acquired by ClearCare, a market leading SaaS and mobile platform for home care agencies. HomeTrak’s private duty home care software is a cloud-based system that provides home care agencies a comprehensive system for scheduling caregivers, hiring and tracking caregiver applications, patient assessment and charting, customer management, billing and payroll, and reporting. SEG served as exclusive advisor to HomeTrak.
As part of the acquisition, ClearCare will continue to support the HomeTrak Companion products.
"We're thrilled to welcome HomeTrak to the ClearCare family," said Geoff Nudd, founder and CEO of ClearCare. "The strength of both companies is our shared passion for understanding and solving business and operations problems for home care agencies so they can focus on the core job of providing the best possible care for seniors and families."
According to Alex Kapteyn, co-founder of HomeTrak, ClearCare is an ideal partner for his team and customers. "We share the same commitment to our customers and dedication to innovate and make the delivery of low cost, home based care easier. Given ClearCare's proven track record of innovation and customer support, HomeTrak's customers are in great hands."
"Our number one priority is ensuring customers see no disruption from this acquisition," said Nudd. "Furthermore, our acquisition of HomeTrak extends ClearCare's skilled nursing capabilities as well as customer support resources for all of our combined home care agency customers."
The combined company will continue under the ClearCare brand and will now serve over 4,000 home care agencies, including 8 of the largest 10 agencies, and will have offices in San Francisco, San Diego, and Sarnia, Canada.
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.