Casamba Announces Equity Investment
Strategic investor uniquely positions Casamba to drive new product development and growth
Agoura Hills, CA, February 25, 2016– Casamba, the leading software provider for healthcare therapy companies, is pleased to announce a minority growth equity investment from private equity firm ABRY Partners. Proceeds from the investment will be used to support new product development and sales and marketing efforts, and to support Casamba’s impressive growth.
Recently celebrating its 12th birthday, Casamba pioneered the therapy software business by creating cost effective automation of electronic medical record and enterprise resource planning systems for large contract therapy companies and other healthcare organizations across the United States. Casamba’s mobile solution currently captures more than 500,000 transactions daily, and seamlessly integrates with other leading information systems to facilitate the transfer of clinical and financial data. With several hundred thousand healthcare providers as users, Casamba’s blue chip portfolio of clients serves patients recovering from both catastrophic injuries and chronic conditions.
As healthcare IT has matured, Casamba has been the default provider of automation solutions in the therapy vertical. Building on this momentum, Casamba will use the additional financing to accelerate product growth and innovation, invest in additional sales and marketing resources, and continue to evaluate strategic acquisition opportunities.
“Casamba’s goal is to continue to be the premier therapy software provider to our current and future clients,” says Ronnie Amrany, President and CEO of Casamba. “This capital gives us additional resources to expand quickly and strategically into new markets, innovate rapidly, and deliver on our vision. We believe in our clients and the patients they serve”.
“Casamba is an excellent business with a long history of providing mission critical SaaS solutions to its healthcare therapy customers,” said Tomer Yosef-Or, of ABRY Partners. “We are delighted to be partnering with Ronnie and his high-caliber management team in continuing to provide exceptional software solutions to healthcare therapy companies while making meaningful organic and inorganic investments in future products and capabilities to support Casamba’s growing customer needs. We look forward to providing our deep investing and operating experience to Casamba’s already high quality team and together creating lasting long term value to the company.”
About Casamba, LLC – Founded in 2004 and headquartered in Agoura Hills, CA, Casamba is the leading supplier of enterprise software systems to large providers of therapy in the United States. Through its cloud-based platform, the Company provides comprehensive clinical therapy documentation, scheduling and billing automation solutions for contract therapy and other healthcare organizations. Casamba offers an integrated solution that expands its clients’ back-end office functionality, interfacing with other commercial healthcare and financial information systems. Today, Casamba serves more than 8,000 skilled nursing, acute, outpatient and home health locations in the country, partnering with leading healthcare providers to serve patients on a national scale. For more information, visit www.casamba.net.
About ABRY Partners – Founded in 1989, ABRY Partners is one of the most experienced and successful media, communications, business and information services focused private equity investment firms in North America. Since its founding, ABRY has completed over $42 billion of transactions, representing investments in over 450 properties. The firm is currently managing over $4.3 billion of total capital and investing out of a $1.9 billion private equity fund, $950 million senior equity fund and a $1.5 billion senior debt fund.
Casamba – The Premier EMR for Therapy