Mediware Information Systems, Inc.
Mediware is a leading provider of specialized healthcare IT solutions for automating and managing complex healthcare processes for a broad spectrum of healthcare customers, including hospitals and alternative and post-acute care treatment facilities. Mediware software systems improve efficiencies and address safety concerns, enabling healthcare organizations to improve care processes while controlling costs. After acquiring the company in 2012, Thoma Bravo and management reduced the cost structure of the business to improve profitability without impacting revenue performance. Thoma Bravo also worked with management to reposition the business from predominantly a provider to the highly competitive hospital acute care market to a leading provider of healthcare IT for areas outside the hospital. Consistent with Thoma Bravo’s buy-and-build strategy, over the 4+ years of Thoma Bravo ownership the company identified and completed six accretive add-on acquisitions that not only increased the scale and scope of the business but also further improved profit margins and added additional, highly attractive recurring revenue. In 2017 Mediware was sold to TPG Capital.