Medworxx Solutions Inc.

Medworxx Solutions Inc. develops clinical-decision support software for healthcare facilities, focusing on improving patient care and operational efficiency through its innovative hospital bed management solutions. Founded in 2004 in Toronto, Canada, Medworxx Solutions Inc. specializes in clinical-decision support software aimed at enhancing healthcare operations.

The company has undergone strategic development to expand its offerings and bolster its market presence. Medworxx was involved in a merger completed in September 2018 with TriTech Software Systems Inc. and others, leading to the formation of CentralSquare Technologies. The merger aimed to enhance operational synergies, although specific financial terms were not disclosed.

Following this, the latest funding round, an Add-on, raised CAD 17. 30 mn from Aptean, Inc. and targeted the enhancement of their software solutions. Medworxx has completed a total of 2 deals, with the most recent on July 24, 2018.

Medworxx™ offers clinical-decision support software designed for healthcare institutions, helping to streamline patient management and improve care experiences. Their primary product is a hospital bed management system that delivers real-time insights into patient journeys and optimizes bed utilization across healthcare facilities. This software aids healthcare professionals by standardizing data and minimizing subjectivity in clinical decision-making, thus supporting improved patient turnover and satisfaction across North American and European healthcare systems. Medworxx Solutions Inc.

operates on a subscription-based revenue model, providing software solutions to healthcare providers through annual contracts. In the most recent fiscal year, the company reported revenue of CAD 5,617,200 and an EBITDA of CAD -996,600 for 2014, reflecting their commitment to supporting healthcare institutions with tailored solutions and ongoing technical support. The company aims to leverage its recent funding to enhance its product offerings and expand its reach into new markets. Specifically, Medworxx is focusing on developing new products aimed at improving operational efficiencies in healthcare facilities, with plans for launches potentially in the upcoming years.

The merger completed in 2018 with TriTech Software Systems Inc. is expected to bolster their capabilities, allowing them to explore additional markets, particularly across North America. The integrated resources resulting from the merger will be pivotal in supporting these growth initiatives.