SoftWriters, Inc.
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SoftWriters, Inc. - overview
Established
1990
Location
Pittsburgh, PA, US
Primary Industry
Healthcare IT
About
SoftWriters, Inc. is a US-based company that specializes in providing pharmacy management solutions tailored for the long-term care (LTC) pharmacy sector, enhancing efficiency and patient outcomes through advanced software technology. Founded in 1990 and headquartered in Pittsburgh, US, SoftWriters, Inc. focuses on developing software solutions for the pharmacy management needs of long-term care facilities.
The company underwent a pivotal acquisition when Roper Industries Inc acquired SoftWriters Holdings Inc. from TA Associates in February 2015, enhancing its operational capabilities. The founders and details of prior ventures are not publicly available. Softwriters, Inc.
specializes in delivering a comprehensive pharmacy management solution designed specifically for the long-term care (LTC) pharmacy sector. Their core product, FrameworkLTC, automates daily pharmacy tasks and optimizes workflows, thereby addressing common inefficiencies associated with manual operations. This software serves over 15,000 daily users and is tailored to assist LTC pharmacies in enhancing patient outcomes by ensuring the safe and efficient delivery of life-changing medications. The primary clientele includes LTC pharmacies across the United States, which cater to vulnerable patient populations in skilled nursing facilities and assisted living environments.
By focusing on the unique challenges faced by these pharmacies, Softwriters provides a vital service that supports healthcare complexities nationwide. Softwriters generates revenue primarily through subscription-based models for its FrameworkLTC software, which is essential for LTC pharmacies seeking to modernize their operations. Clients engage in licensing agreements that may include tiered pricing structures based on the scale of their operations and the number of users accessing the platform. Revenue is also supplemented by potential partnerships with healthcare organizations needing integrated solutions for pharmacy management.
The transactions are structured to facilitate long-term engagements, promoting recurring revenue through annual subscriptions while providing continued support and software updates. This financial framework allows Softwriters to maintain a stable revenue stream while effectively addressing the operational needs of its customers in the LTC pharmacy market. SoftWriters, Inc. is focusing on future growth through the development of new products tailored to enhance the functionality of their existing software solutions.
Additionally, the company is exploring opportunities to expand into new geographic markets, specifically targeting the broader North American LTC pharmacy sector by 2025. Following the acquisition in February 2015, the strategic direction for leveraging recent investments will focus on enhancing product features and improving customer engagement, aligning their resources for sustained market presence.
Primary Industry
Healthcare IT
Sub Industries
Healthcare IT, Application Integration Software, Medical Software
Website
www.softwriters.com
Verticals
HealthTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
SoftWriters, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | SoftWriters, Inc. | - | ||||||||
| Secondary Buyout | Completed | SoftWriters, Inc. | - | ||||||||
| Recapitalisation | Completed | SoftWriters, Inc. | - |
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