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New Deal


Announced

CentralReach to acquire Behaviorsoft.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Pending

Friendly

Domestic

Private

Single Bidder

Acquisition

software development

Software

United States

Synopsis

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CentralReach, a provider of electronic medical record software and services, agreed to acquire Behaviorsoft, a software company specialized in end-to-end, practice management and clinical management solutions. Financial terms were not disclosed. "We are thrilled to welcome the Behaviorsoft team and its co-founders, Carlos Horcasitas and Hector Gonzalez, to CentralReach. The small therapy practice market is growing rapidly driven by expansion in the number of new Board Certified Behavior Analysts as well as existing BCBAs branching out to start their own practices, a trend accelerated by the Covid-19 pandemic. What Carlos and Hector have built is an excellent fit for this market. While intuitive and easy to learn, the Behaviorsoft product is also EVV-compliant, supports Spanish and English clients, is integrated with the market-leading clearinghouse Change Healthcare, and offers an optional workflow for practices that also provide Community Mental Health services," Chris Sullens, CentralReach CEO.

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