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MedAdvisor to boost aged care business with Healthnotes acquisition

31 August 2016
By Kate McDonald

Medications adherence platform vendor MedAdvisor is planning to go to the market to raise capital to buy Healthnotes, a pharmacy software platform that offers similar capabilities but with added ties to residential aged care.

MedAdvisor has entered into an agreement with parent company Health Enterprises 2 to buy it outright for $5.5 million, with the aim of boosting MedAdvisor's share of connected community pharmacies from 1600 to over 2400, patient numbers to over 500,000 and nursing homes to 1700.

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