Lawrenceville, GA, August 2, 2010: Brightree LLC, developer of the leading business management software solution for Home Medical Equipment (HME), Durable Medical Equipment (DME), Orthotics and Prosthetics (O&P) and Sleep Therapy providers, today announced the acquisition of Computer Applications Unlimited (CAU).
“What attracted us to CAU was their solid product lineup, their commitment to excellent customer care, and the quality of their customer base.” said Dave Cormack, President and CEO of Brightree. “Given the continuous pressure on reimbursement rates, the providers who will be around in the future are those that are the best run today. Overall, CAU customers are excellent operationally.”
According to Terry Dinsmore, President & CEO of CAU, Brightree was the ideal suitor for his company. “Brightree is the industry leader. We share the same commitment to serve the needs of our customers, help them use technology to be more efficient, and improve their business processes. Given Brightree’s proven track record of product development and outstanding customer support, I know that my customers will be in excellent hands.”
Brightree will support CAU’s complete portfolio of HME software, including their new web edition. “CAU is one of the few companies that has continued to innovate and develop current technologies” said Cormack. “We will continue to invest in customer care and development for the CAU products.” As part of this commitment, Brightree also announced it has entered into a 3-year lease for the existing CAU headquarters facility.
Every year over the past 5 years independent surveys have established Brightree as the fastest growing business management solution in the industry. Today, Brightree’s 22,000 users file more Medicare claims than any other organization in the USA. In July 2008, Battery Ventures made a significant investment in Brightree. “Our growth strategy includes continued organic growth as well as growth through acquisitions” says Cormack. “We will continue to explore opportunities to acquire additional products and complementary services” added Cormack.
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About Brightree
Brightree LLC is the leading provider of business management software solutions for Home Medical Equipment (HME) providers, Durable Medical Equipment (DME) providers, Orthotics & Prosthetics (O&P) practitioners, and Sleep Labs. Brightree’s unique Internet-based solutions follow the natural workflow of providers to automate and improve how they manage their business. Brightree is the only business management software solution endorsed by Invacare Corporation (NYSE: IVC) as well as the VGM member service organization. Brightree serves more than 1,200 providers in the USA. For further information, visit www.brightree.com or call 1.888.598.7797.