MatrixCare has acquired SigmaCare, a Manhattan-based electronic health record vendor serving the senior living and long-term and post-acute care markets, the companies announced Tuesday.
Bloomington, MN-based MatrixCare said it remains committed to a major physical presence in the New York metropolitan market.
“Strategic acquisitions are a key component of our growth strategy,” John Damgaard, president and CEO of MatrixCare, said in a statement, adding, “We’re confident this acquisition will benefit customers of both organizations, as we leverage each other’s strengths to create even more robust product offerings.”
SigmaCare customers will immediately be able to access MatrixCare’s full solution set, including CareCommunity, Revenue Cycle Management and MatrixCare Analytics. At the same time, MatrixCare said it is committed to minimizing disruption to SigmaCare customers and will maintain and support key existing SigmaCare products for five years.
“As someone who knows the SigmaCare business very well, I believe its customers should be as excited about this move as we are,” said Stephen Pacicco, senior vice president of corporate development at MatrixCare and former CEO of SigmaCare. “When I left SigmaCare, it was a difficult decision because I believed passionately in the importance of its mission and the commitment of its employees. MatrixCare has the right resources, leadership and vision for the care of America’s seniors and I’m excited that, as part of MatrixCare, the SigmaCare customers and employees are now on the right team for the future.”
MatrixCare has operational centers in New York City; Frisco, TX; and Coral Springs, FL. Voted Best in KLAS for Long-Term Care Software in 2017, MatrixCare has served the long-term care continuum for more than 30 years.