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Caseworthy, Inc. Acquires Leading Health And Humans Services Software Company Medisked

Jan 06, 2023•almost 3 years ago

Acquiring Company

CaseWorthy

Acquired Company

Humans

Salt LakeData And AnalyticsMedia And EntertainmentSoftware

Description

Salt Lake City, UT based CaseWorthy, Inc, backed by private equity firm Symphony Technology Group ("STG"), has made a majority investment in MediSked, LLC., a leading health and human services software provider that enables publicly funded agencies and non-profits as well as care management administrative entities to manage care to individuals receiving home and community based services, such as those with intellectual and developmental disabilities, substance use disorders or brain injuries, with its Connect and Coordinate software solutions. This acquisition represents a substantial investment in the innovative convergence of social services and health and human services to deliver a whole-person care solution, a market first.

Company Information

Company

CaseWorthy

Location

Salt Lake, Utah, United States

About

Established in 2008, CaseWorthy has been raising the bar on how human service organizations interact with their software partner. CaseWorthy enables organizations to successfully capture and manage client data in one, secure location. Built from the ground up around the idea that case management software should support the needs and workflows of the staff and organization rather than dictate how they work, CaseWorthy supports the daily efforts and data needs for hundreds of human service organizations and community initiatives. By consolidating data and systems into a single platform, CaseWorthy helps nonprofits and other government agencies access to the information they need to better coordinate services and more effectively address the 360 degree needs of every individual and family they serve. To learn more about CaseWorthy, visit their website at CaseWorthy.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed