Overview
BFKN's Corporate & Securities Group served as legal counsel to WellSky Corporation, a leader in health and community care technology, in its acquisition of Bonafide Medical Group, a prominent enterprise software provider for the durable medical equipment (DME) and home medical equipment (HME) sectors.
This acquisition further strengthens WellSky’s position within the DME/HME market by expanding its comprehensive software platform to help providers streamline operations, ensure compliance, and increase profitability. With Bonafide’s advanced capabilities in billing, revenue cycle management, supply chain, and inventory management, WellSky aims to deliver even greater value and efficiency to its clients.
“With the rise in chronic conditions, a rapidly aging population, and an increased focus on patient-directed care, the need for high-quality, home-based healthcare solutions is more critical than ever,” said Bill Miller, chairman and CEO of WellSky. “I’m thrilled to welcome Bonafide to WellSky. Together we will work to support this expanding market with the full suite of WellSky solutions and our tech-enabled services to better collaborate and achieve successful outcomes for even the most complex patient populations.”
BFKN's legal team was led by partners Alexander Lourie and Robert J. Morrow and associates Victoria Rusanova Cordiak and Jacob Aubrecht. Associate Corwin J. Carr counseled WellSky with respect to employment issues; partner Megan E. Toal advised on tax matters; partner Karyn Doerfler assisted with intellectual property and privacy matters; and partner Andrew K. Strimaitis and associate Alex Freund provided guidance on employee benefits-related issues.
For additional details on this transaction, visit: