ResMed’s Brightree picks up Apacheta

ResMed (NYSE:RMD) subsidiary Brightree said this week that it paid an undisclosed amount to bolster its software-as-a-service holdings with Apacheta.

Media, Pa.-based Apacheta makes mobile apps that allow companies to automate and streamline business processes in sales, marketing, logistics and field services.

“Apacheta solves many of the business challenges [home medical equipment companies] face in managing deliveries, particularly eliminating missing, lost or incomplete delivery information,” Brightree CEO Matt Mellott said in prepared remarks. “It has already helped Brightree customers save significant time and money, and we look forward to investing in its continued innovation and scalability.”

“We’re thrilled to become part of a healthcare leader that shares our mission: leveraging technology to digitally transform field service management and delivery functions providing quantifiable business efficiencies, better customer care, and improved visibility to logistics practices,” added Apacheta CEO Gregg Timmons. “The HME business is becoming more and more challenging, and like Apacheta, Brightree offers software solutions that eliminate complexity in order to increase productivity.”

ResMed has been on an M&A tear since buying Brightree for $800 million in April 2016. In May of this year it inked a deal to acquire healthcare software developer HealthcareFirst for an undisclosed amount; last month it closed the $750 million acquisition of MatrixCare and its post-acute-care software; and earlier this month ResMed put $225 million on the table for Propeller Health and its digital medicine platform.

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