Primus Capital Makes Growth Investment in AOD Software
FORT LAUDERDALE, FL – AOD Software (“AOD”), a Florida-based provider of integrated software and technology solutions to the long term care industry, has received a significant growth investment led by Primus Capital Funds (“Primus”). AOD provides a comprehensive suite of clinical, financial, operational, home health, rehabilitation, and point of sale software solutions to various healthcare providers, including continuing care retirement communities, skilled nursing, assisted living, and independent living operators.
Aric Agmon, CEO and President of AOD, stated, “We have built a very dynamic, fast growing company at AOD by consistently focusing on delivering high-quality products, tailored to meet the unique needs and challenges of long term care providers. Primus recognizes the opportunities we have to build on that track record of success by continuing to develop market leading products and technology solutions to serve our market.”
Founded in 1995, AOD is one of the pioneers in the long term care software industry. AOD currently offers over 45 integrated software modules through its AnswersTM software platform, which was the first Electronic Health Record (EHR) to pass the Certification Commission for Health Information Technology’s (CCHIT®) Long Term and Post Acute Care (LTPAC) certification test.
Phil Molner, Managing Director at Primus, commented, “The demographic trends of an aging population, combined with growing financial constraints throughout the healthcare system, place incredible pressure on long term care operators to deliver high quality care in a cost effective and efficient manner. AOD is uniquely positioned to help providers meet these demands by virtue of its market leading customer base and fully integrated suite of clinical, financial, and operational software applications.”
Scott Seelbach, Director at Primus, added, “AOD is an extremely well run business that has been growing rapidly over the past several years, and the company fits our strategy perfectly of investing in high-growth, market leading technology businesses. We are very excited to partner with AOD to help them achieve their long term goals.”
About AOD Software
Headquartered in Fort Lauderdale, Florida, AOD Software offers AnswersTM, a fully integrated long term care software system which is comprised of EHR, financial, clinical and operational software. AOD has helped long term care facilities become more efficient in areas including Electronic Health Record (EHR), MDS 3.0, Care Plans, Assisted Living, Home Health, HR, Payroll, Billing, and Financial functions including General Ledger, Accounts Payable, Facilities Management, Marketing, Rehabilitation and Point of Sale (POS). The software suite is a fully integrated system that maximizes the capabilities of Continuing Care Retirement Communities (CCRCs), Assisted Living Facilities (ALFs), Skilled Nursing Home Facilities (SNFs) and Independent Living communities. In addition, AOD was the first software system for long term care to be certified under the CCHIT Certification LTPAC program.
About Primus Capital
Primus Capital is a private equity firm that invests in high-growth companies within the healthcare, software and technology-enabled services, and education industries. Throughout its history, Primus has provided capital to over 100 growth companies. Transaction types include buyouts, recapitalizations and growth equity investments. For more information, please visit www.primuscapital.com.