Hearst Agrees To Acquire CellTrak, A Leading Provider of Care Documentation Software Solutions

Hearst today announced it has agreed to acquire CellTrak, a leading provider of care documentation software solutions in the personal care market. The announcement was made by Steven R. Swartz, Hearst president and CEO; Gregory Dorn, MD, Hearst Health president; Scott Decker, Homecare Homebase president; and Dan Wacker, CellTrak CEO. Terms were not disclosed and the transaction is expected to close in Q1 of 2022. CellTrak will become a wholly owned subsidiary of Homecare Homebase, with Wacker continuing as general manager of the company.

“In-home care services have grown significantly the past 10 years as it is the preferred venue for people to receive care, and Homecare Homebase has been the leading platform providing vital workflow solutions in the home health and hospice categories,” said Dorn. “Extending their capabilities to personal care is the right next step for caregiving in the home.”

Founded in 2006, CellTrak serves some of the largest providers of personal care services in support of their field staff workflow needs. CellTrak solutions help increase staff productivity, improve compliance, reduce costs and improve caregiver communication. Personal care services are provided to people in their home to assist them with activities of daily living, such as bathing, dressing and eating, as well as other tasks that are necessary for independent living, such as grocery shopping and managing medications.

“CellTrak has been a close partner of ours for years and is committed to bringing today’s front-line home caregivers the best possible technology to support patient needs,” said Decker. “We are looking forward to working with Dan even more closely to expand our industry-leading homecare platform into personal care and support our many customers who are ready to expand into personal care with us.”

“Homecare Homebase is the leader in technology for home health and hospice agencies and has a reputation for providing long-term support and partnership to the industry’s largest and most innovative providers,” said Wacker. “I look forward to the innovation that our increased collaboration will bring to the market and the ways it will improve the lives of those who are changing the future of care.”

CellTrak and Homecare Homebase share common customer relationships, and in early 2021 announced plans to create the first integrated enterprise solution for all types of home-based care, with a focus on care continuity across a patient’s health journey.
https://www.hearst.com/-/hearst-agrees-to-acquire-celltrak-a-leading-provider-of-care-documentation-software-solutions

Related Posts

Macy’s, Inc. Reports Third Quarter 2017 Earnings Above Prior Year and Re-affirms Full-Year Guidance

Sales in the third quarter of 2017 totaled $5.281 billion, a decrease of 6.1 percent, compared with sales of $5.626 billion in the third quarter of 2016. The year-over-year decline in total sales reflects, in part, the closure of stores previously announced by the company. Comparable sales on an owned basis were down 4.0 percent in the third quarter and down 3.6 percent on an owned plus licensed basis. Macy’s, Inc.’s operating income for the third quarter of 2017 totaled $121 million, or 2.3 percent of sales, compared to $107 million, or 1.9 percent of sales, for the third quarter of 2016. Operating income for the third quarter of 2017 totaled $176 million, or 3.3 percent of sales, excluding restructuring and other costs of $33 million and non-cash retirement plan settlement charges of $22 million. Operating income for the third quarter of 2016 totaled $169 million, or 3.0 percent of sales, excluding non-cash retirement plan settlement charges of $62 million. Click Read More below for additional information.

Empire Magazine Launches ‘EMPIRE CLASSICS’ Series

An extension to the highly successful monthly movie magazine, Empire Classics will offer film fans a specially curated celebration of the greatest iconic films and filmmakers. The first issue in the series is devoted to the Greatest Ever Action Movies Ever, focusing on the 54 films that have defined the genre. The experts at Empire deliberated, digested and finally divided the films into seven chapters entitled Comic Heroes, Adrenalin Rush, Tales of Adventure, At War, Making History, Spy Games and Wild West. Click Read More below for more of the story.

U.S. Consumers: Print on paper is safer, more secure and more trusted than digital media

In recent years, there has been an explosion of data breaches in the financial, business and health care sectors. This has made people everywhere sit up and take notice about where and how their important personal data is stored. It is not surprising then, that the recent Toluna survey commissioned by Two Sides revealed that 78% of U.S. respondents keep hard copies of important documents at home as they believe this is the safest and most secure way of storing their information. A similar number (76%) are increasingly concerned that personal information held electronically is at risk of being hacked, stolen, lost or damaged. For a taste of what these digital breaches can look like, check out a few examples covered in this blog. Millions of small businesses, households and patients are affected by data breaches every year. While moving from paper to digital records seems like it should save time and energy, the reverse can also be true. Click Read More below for additional information.
Back To Top
×Close search
Search