AOD Software, a provider of software and technology to the long term care industry, has received a growth investment led by Primus Capital Funds. “AOD is an extremely well run business that has been growing rapidly over the past several years, and the company fits our strategy perfectly of investing in high‐growth, market leading technology businesses. We are very excited to partner with AOD to help them achieve their long term goals,” said Scott Seelbach, Director at Primus.
AOD provides a suite of clinical, financial, operational, home health, rehabilitation, and point of sale software solutions to various healthcare providers, including continuing care retirement communities, skilled nursing, assisted living and independent living operators. The company was founded in 1995 and is based in Ft. Lauderdale, FL (www.aodsoftware.com).
“The demographic trends of an aging population, combined with growing financial constraints throughout the healthcare system, place incredible pressure on long term care operators to deliver high quality care in a cost effective and efficient manner. AOD is uniquely positioned to help providers meet these demands by virtue of its market leading customer base and fully integrated suite of clinical, financial, and operational software applications,” said Phil Molner, Managing Director at Primus.
Primus invests in high-growth companies within the healthcare, software and technology‐enabled services, and education industries. Transaction types include management-led buyouts, control and non-control recapitalizations and growth equity investments. The firm is located in Cleveland, OH (www.primuscapital.com).