Cressey & Company Recapitalizes HHAeXchange
January 9, 2019
Cressey & Company LP completed a recapitalization / growth-oriented investment in HHAeXchange, a Long Island City–based provider of SaaS homecare management software serving the Medicaid LTSS market. Prior shareholders McCarthy Capital and Martis Capital were the company's previous sponsors; the transaction was advised by Lincoln International and financed in part with debt provided to Cressey.
- Buyers
- Cressey & Company LP
- Targets
- HHAeXchange
- Sellers
- McCarthy Capital, Martis Capital
- Industry
- Cloud & SaaS
- Location
- New York, United States
- Transaction Type
- Recapitalization
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HHAeXchange Acquires Sandata Technologies
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HHAeXchange has acquired Sandata Technologies to combine two leading homecare management platforms and expand capabilities across Medicaid home and community-based services (HCBS), providers, payers and caregivers. The deal, which builds on HHAeXchange’s recent acquisitions and its backing by Cressey & Company, was announced October 3, 2024; financial terms were not disclosed. Editor notes indicate Sandata was an Accel-KKR portfolio company since 2019.
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HHAeXchange Acquires Generations Homecare System
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HHAeXchange Acquires Cashé Software
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HHAeXchange has acquired Minnesota-based Cashé Software, combining two homecare-focused software platforms to expand capabilities in billing, compliance, EVV, and workforce management for Medicaid home and community-based services (HCBS). The deal brings Cashé's customer base (400+ agencies) and its Pavillio platform into HHAeXchange; former Cashé president Praba Manivasager will lead the Cashé business unit within HHAeXchange.
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Cressey & Company Acquires HealthDrive
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Hg Makes Strategic Investment in HHAeXchange alongside Cressey & Company
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Hg has made a strategic growth investment in HHAeXchange, a leading SaaS provider of homecare management solutions, alongside existing investor Cressey & Company LP, which will remain a significant shareholder and share joint governance. The capital will support HHAeXchange's continued product development and expansion of its enterprise and mobile platform serving payers, providers and state Medicaid agencies.
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Cressey & Company Makes Growth Investment in Home Care Pulse
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