Tabula Rasa HealthCare Inc. said it acquired two businesses as it focuses on the market for elderly care.
The Moorestown, N.J.-based healthcare technology company bought Mediture LLC and eClusive, which will become part of Tabula Rasa's newly created technology and service division called CareVention HealthCare.
Mediture develops electronic health record solutions for the Program of All-inclusive Care for the Elderly, or PACE, while eClusive provides third-party administrative services in the PACE market.
PACE is a federal program, with 250 centers located in 31 states serving a number of eligible Medicare and Medicaid participants.
Tabula Rasa's CareVention HealthCare division also includes Capstone Performance Systems and Peak Health Plan Management Services
Morgan, Lewis & Bockius LLP was the legal counsel to Tabula Rasa in the transaction.