Announced
Financials
Tags
Majority
Pending
Friendly
Domestic
Private
Single Bidder
Acquisition
software development
Software
United States
Synopsis
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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