An overview of our sell-side M&A services
HomeTrak acquired by ClearCare
The acquisition of HomeTrak extends ClearCare’s skilled nursing capabilities as well as customer support resources for all of ClearCare’s combined home care agency customers.
Rick Morey ,
CEO
SEG’s guidance throughout the process was outstanding. Although we provide SaaS to a niche industry vertical, they came up to speed extremely quickly and worked tirelessly to prepare and position a compelling story to the right group of strategic and financial buyers. They never pressured us, were always honest and forthright, and fought for us to the very end. Ultimately, the outcome far exceeded our expectations."
- Rick Morey, CEO, HomeTrak
SEG served as exclusive advisor to HomeTrak
Client Description
The company
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.
Locations
San Diego, CA and Ontario, Canada
Buyer Description
The company
ClearCare is backed by Battery Ventures. ClearCare is backed by Battery Ventures
Headquarters
San Francisco, CA
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PRESS RELEASE OVERVIEW
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.