This morning ResMed, maker of connected respiratory devices, announced that it is set to acquire MatrixCare, a Minnesota-based EHR company, for $750 million.
MatrixCare’s EHR is targeted towards long-term post acute care services, such as skilled nursing facilities, life plan communities and senior living homes.
The deal is expected to help ResMed expand its software-as-a-service offerings, specifically in the long-term care setting.
The deal is set to close by the end of the company’s second fiscal quarter in 2019. After the acquisition, MatrixCare is expected to remain a standalone business inside of ResMed’s portfolio.