Boathouse Capital Exits CellTrak With Sale to Hearst

Boathouse Capital is pleased to announce it has exited CellTrak through a sale of the company to Hearst. Boathouse led a growth capital financing for CellTrak in 2017 and the recent closing of the acquisition by Hearst Health marks a successful exit for Boathouse.

CellTrak will be a wholly owned subsidiary of the Hearst Health company, Homecare Homebase. CellTrak helps some of the largest providers of personal care services support their field staff’s workflow needs. CellTrak solutions help increase staff productivity, improve compliance, reduce costs and improve caregiver communication.

“In-home care services have grown significantly the past 10 years as it is the preferred venue for people to receive care, and Homecare Homebase has been the leading platform providing vital workflow solutions in the home health and hospice categories,” said Gregory Dorn, MD, President of Hearst Health.

“CellTrak has been a close partner of ours for years and is committed to bringing today’s front-line home caregivers the best possible technology to support patient needs,” said Scott Decker, Homecare Homebase President.

“Homecare Homebase is the leader in technology for home health and hospice agencies and has a reputation for providing long-term support and partnership to the industry’s largest and most innovative providers,” said Dan Wacker, CellTrak CEO, who will continue as General Manager. “I look forward to the innovation that our increased collaboration will bring to the market and the ways it will improve the lives of those who are changing the future of care.”

CellTrak and Homecare Homebase share common customer relationships, and in early 2021 announced plans to create the first integrated enterprise solution for all types of home-based care, with a focus on care continuity across a patient’s health journey.

Andrew Olsen, Partner remarked, “I am proud of Boathouse Capital’s involvement with CellTrak over the last several years. The partnership with Hearst Health and Homecare Homebase is an exciting new chapter for both companies and their customers.”