Financial Advisor
Optimus EMR, Inc.
M&A Advisory
Has Been Acquired By
Yardi Systems, Inc.
Transaction Details
- On August 31, 2015, Yardi Systems, Inc. (“Yardi”), completed the acquisition of Optimus EMR, Inc. (“Optimus”) for an undisclosed amount
- The purchase price was funded with cash on Yardi’s balance sheet
- Optimus EMR offers a multi-tenant SaaS-based clinical and financial system to the long-term post-acute care (“LTPAC”) market
- Key members of Optimus management will join Yardi
- Stephens Inc. served as exclusive financial advisor to Optimus
About the company
Optimus EMR, Inc.
Optimus is a leading cloud-based provider of clinical and financial solutions for the long-term post-acute care (“LTPAC”) market. Founded in 2000, Optimus has been a recognized innovator in the LTPAC market. The Company’s multi-tenant SaaS software solutions include a comprehensive electronic health record (“EHR”) and clinical documentation tools coupled with an integrated billing and financial system for LTPAC facilities. Optimus is headquartered in Irvine, CA with its mature, time-tested software fully operational in approximately 220 sites across more than 30 states.
Yardi Systems, Inc.
Yardi designs, develops, and supports software solutions for real estate investment and property management. Yardi offers integrated property management software and investment management solutions for various real estate verticals including multifamily housing, office and industrial properties, single family housing, senior housing, military housing, and co-ops. Yardi’s software includes tools for managing operations, accounting and ancillary processes and services. Yardi is headquarted in Santa Barbara, CA and has offices in North America, Asia, Australia, Europe and the Middle East.
Sources: Company documents and publicly available information.
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