A local provider of software and back-office services to mental health organizations has been acquired by Kansas-based Mediware Information Systems, the latter announced in a news release.
AlphaCM, headquartered on Corporate Drive in Wilmington, was founded in 2005 to “fulfill an overwhelming need by Mental Health Providers for Quality Management Consulting and Technical Services,” the company states on its website. Its management system is tailored to the needs of organizations in the mental health, developmentally disabilities and substance abuse sector, aimed at increasing those organizations’ productivity.
A majority of managed care organizations (MCOs) in North Carolina are currently using AlphaCM software, according to a news release from SDR Ventures, which served as AlphaCM’s adviser through the purchase transaction.
Mediware’s executive said the addition of AlphaCM to his company's portfolio expands its capabilities across a continuum of care.
“This acquisition broadens Mediware’s solution set and subject matter expertise in the mental health, developmentally disabled and substance abuse markets. AlphaCM’s expertise is a great complement to Harmony, our existing long term services and supports business unit,” said Thomas Mann, president and CEO of Mediware. “We’re thankful that SDR Ventures presented this unique opportunity to us, and we’re excited to expand on the technology and relationships that AlphaCM has built.”
Mann said that, as the demand to provide care outside the hospital grows, "MCOs will be able to turn to AlphaCM and Mediware's complementary software solutions to meet their needs. Combining AlphaCM's proven solutions and expertise with our sales and marketing platform, we expect growth for both AlphaCM and Mediware's existing products."