Westwood, Mass.-based Meditech, a vendor of healthcare information systems, is acquiring its long-time partner Patient Care Technologies (PtCt), a provider of home care, hospice, tele-health, private duty, and benchmarking software.
Upon completion of the acquisition, Meditech states that PtCT will become an independent subsidiary. According to Meditech, the acquisition will provide the short-term and long-term resources for PtCt to continue developing and delivering software products for home care providers.
There are no plans for PtCT to relocate its operations from Atlanta, or to merge the company with Meditech.
Both firms are privately held, and specific terms of the acquisition were not released.