Careworx Merges with Tuc29 Feb, 2016
USA – February 2016 - TUC Managed IT Solutions (TUC), a managed IT and cloud services company, and CareWorx, a North-American provider of technology solutions serving senior care facilities, have announced they have merged operations in order to take advantage of numerous synergies between the organizations and key market opportunities.
TUC provides IT service organizations including small and medium-sized enterprises, technology vendors, and service providers with a comprehensive suite of managed IT and cloud services for end-users, supported 24×7 through our North American-based service desk. The merger represents the next level of managed services providing the complete technology stack for senior care – devices, applications, service and support.
CareWorx is a provider of advanced technology hardware, cloud products, and related services to senior care facilities leveraging a strategic partnership with PointClickCare – the provider of Electronic Health Records (EHR) software for senior care. CareWorx provides customers with focused expertise, wireless networking and out-of-the-box point-of-care and mobile technology designed specifically for use in senior care.
The combined company will eventually adopt the CareWorx brand and will establish Managed Services and Senior Care divisions that will continue to support all existing TUC and CareWorx customers. The Senior Care division will aim to vastly improve technology and IT support options for senior care facilities. The Managed Services division will continue to offer managed IT and cloud services with a specific focus on expansion in the midmarket and healthcare through a channel-first strategy.
Wellington Financial LP led funding for the merger, with EPIC Capital's healthcare fund also participating. Canaccord Genuity acted as strategic advisors on both the merger and capital raise.