Mediware (MEDW) Acquires Assets of Hann's On Software for $3.5M; Purchase Adds 320 Pharmacy Facilities to Operations
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Mediware Information Systems, Inc. (NASDAQ: MEDW) announced today that it has acquired substantially all the assets of Hann's On Software, a pharmacy management software provider based in Santa Rosa, Calif. Mediware's purchase agreement includes a cash payment of approximately $3.5M, with an additional earn out opportunity based on operational performance.
HOS has been in business for more than 20 years and has more than 300 facilities using its Ascend products to manage pharmacy operations. Most of these customers are either community hospitals with less than 150 beds, outpatient clinics, or alternate-site infusion service providers.
Mediware Information Systems, Inc. develops, markets, licenses, implements, and supports clinical management information solutions in the United States and the United Kingdom.
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