Healthtech startup AlayaCare, which develops solutions for home care providers, has acquired New York-based software company Arrow Solutions. This represents the fourth acquisition for Montréal-based AlayaCare.
“The acquisition of Arrow Solutions is the cornerstone of our expansion into the US Medicaid market.”
AlayaCare previously hinted that it would soon close the purchase of another United States (US) company when it raised its $47.9 million CAD Series C extension and announced the acquisition of Procura last month. The AlayaCare said Arrow Solutions’ product and market expertise will allow AlayaCare to scale its expansion in the US.
“The acquisition of Arrow Solutions is the cornerstone of our expansion into the US Medicaid market and beyond,” said Adrian Schauer, AlayaCare’s CEO and founder. “New York is one of the most complex and highly regulated states in the US home care industry and the acquisition of Arrow Solutions enhances our ability to scale our technology to a level that can scale with any shifting landscape.”
Founded in 2014, AlayaCare’s platform aims to help home and community care agencies manage their operations. The platform offers real-time remote monitoring, as well as simplified billing and communications processes, among other tools, to help caregivers better prepare for and manage home visits.
Arrow Solutions’ software systems were designed to help home health agencies improve patient management, streamline scheduling, billing and payroll. The technology was originally served licensed home care services agencies in New York. Those agencies collectively represent more than 1,400 organizations. Since its founding, Arrow Solutions has taken its agency management and billing capabilities to 10 additional US states.
“We are thrilled about entering into a new chapter with AlayaCare, with whom we share a unified commitment to provide clients with the best technology for better patient outcomes,” said CEO of Arrow Solutions Michael Appel. “Together, we will be able to offer our customers a robust solution and expand our capabilities in the growing US market.”
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