Medicus IT, a healthcare-focused managed services provider (MSP), announced the acquisition of Health Information Technology Care (HITCare), a healthcare managed IT software and services provider.
The financial terms of the acquisition were not disclosed.
Founded in 2008, HITCare provides professional managed IT services, clinical EMR support, and consulting services to non-profit human services organizations and community health centers in California.
HITCare clients include federally recognized 501(c)(3) charitable organizations, including human services, FQHCs, RHCs, CHCs, public hospitals, and medical practices using NextGen, eClinicalWorks, Epic, Office Ally, and GE Centricity EHR/EMR systems.
“HITCare’s mission is to enable community health and non-profit clients to adopt technology to address current and future challenges,” said Adrian Williams, CEO and Senior HIT Consultant for HITCare.” “Our merger and partnership with Medicus IT further expands our team’s capacity to exceed clients’ expectations.”
Tony Niemotka, President of HITCare, said: “With the joining of HITCare and Medicus IT, we become one of the nation’s largest and most experienced technical services providers for community health centers. For our staff, this merger offers increased structure and enhanced career growth opportunities.”
“Our strategic merger with HITCare positively impacts the efforts to expand our national presence,” said Chris Jann, CEO of MIT. “The joining of the talented HITCare team elevates our level of service delivery to our clients and introduces additional value and enhanced service offerings. Furthermore, with the California presence, we expand our service reach and position as the foremost healthcare IT authority.”
Sixty-three digital health companies were acquired in Q1 2021, compared to 52 M&A transactions in Q4 2020. In a YoY comparison, there were 41 M&A transactions in Q1 2020, according to the latest Mercom Digital Health Funding and M&A Report. In the largest funding deal – UnitedHealth Group’s Optum agreed to acquire Change Healthcare, a healthcare revenue cycle management solution provider, for a total valuation of $13 billion.