Mediware Acquires Fazzi Associates

Mediware Information Systems, Inc., a portfolio company of TPG Capital
and a leading supplier of software solutions for health care and human
service providers and payers, and Fazzi Associates, one of the largest
and most respected companies serving home health and hospice, are
pleased to announce that Mediware has acquired Fazzi Associates.

The acquisition creates a unique alignment between two highly respected
health care industry leaders – one in innovative software, the other in
outsourced services, consultation, and education. The combined company
will have a greater capacity to help post-acute and community-based
providers increase efficiency and improve clinical, financial, and
operational performance to advance patient care.

The addition of Fazzi Associates enables Mediware to offer new,
comprehensive, and best-in-class services and solutions — including
medical coding, revenue cycle management, education, CAHPS, consulting,
and ancillary solutions that address key challenges and evolving
complexities affecting the post-acute care sectors.

“Fazzi Associates complements the Mediware family and further
strengthens our ability to advance high-quality and efficient patient
care while also driving down health care costs,” said Bill Miller, CEO
of Mediware. “Fazzi Associates’ extensive industry knowledge and
insights will help us identify potential new opportunities for expansion
which is core to Mediware’s long-term growth strategy.”

Founded in 1978, Fazzi Associates is the largest and oldest provider of
coding services in home health and hospice. The company is also one of
the most respected consulting, training, benchmarking, and research
firms in post-acute care. With over 170 years of combined industry
experience serving more than 1,400 agencies across all 50 states and
Washington, D.C., Fazzi Associates’ management team has a proven track
record of success in helping post-acute care agencies improve quality,
enhance efficiency, and accelerate growth.

“Mediware shares our mission of driving a culture focused on innovation,
quality, and consistency in health care,” said Tim Ashe, RN, MS, MBA,
President of Fazzi Associates. “Together, Mediware and Fazzi Associates
will be well-positioned for rapid growth as we continue to expand the
ways we can help our home health and hospice customers be successful.”

Mediware plans to maintain Fazzi Associates’ reputable brand and western
Massachusetts headquarters; the firm’s leadership team will continue to
lead Fazzi Associates lines of business. Dr. Bob Fazzi will serve in a
strategic advisory role with Mediware, consulting on industry relations,
home health advocacy, growth opportunities, and innovation.

Together, Mediware and Fazzi Associates will help organizations make
positive transformations and foster well-trained and highly capable
professionals working in home health, hospice, and post-acute care.

About Mediware

Mediware is a leading supplier of software for health care and human
service providers and payers. Core Mediware solutions include blood
management technologies for hospitals and blood centers; cell therapy
solutions for cord blood banks, cancer treatment centers, and research
facilities; medication management solutions for hospitals, behavioral
health facilities, infusion and specialty pharmacy providers; and
rehabilitation therapy and respiratory care solutions. For more
information about Mediware products and services, visit our website at www.mediware.com.

About Fazzi Associates

Fazzi Associates was founded in 1978 by Dr. Robert Fazzi. Its
headquarters are in Northampton, Massachusetts. It’s the largest medical
coding company serving home health and hospice, one of the largest
patient satisfaction survey companies, and has created one of the
largest distance learning platforms with more than 30,000 users. Fazzi’s
mission is to make a real difference in health care by strengthening the
quality, value and impact of home care, hospice and community based
services. The company is equally zealous about being a place where
people love their job and love where they work. Fazzi’s operational
areas include medical coding services, billing services, consulting,
education, benchmarking and research. Fazzi currently employs over 130
people.

About TPG

TPG is a leading global alternative asset firm founded in 1992 with more
than $82 billion of assets under management and offices in Austin,
Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London,
Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul,
and Singapore. TPG’s investment platforms are across a wide range of
asset classes, including private equity, growth venture, real estate,
credit, and public equity. TPG aims to build dynamic products and
options for its investors while also instituting discipline and
operational excellence across the investment strategy and performance of
its portfolio. For more information, visit www.tpg.com.

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