Cherry Tree advises LOGICARE on its sale to The Wellness Network

LOGICARE patient education software will be brought to The Wellness Network’s 2,000 hospitals

The Wellness Network, parent company of The Patient Channel, The Newborn Channel, and HealthStyle Press, today announced that it has acquired LOGICARE Corporation, a leading hospital patient education software company.

LOGICARE provides software to healthcare organizations that creates and tracks patient-specific education and discharge instructions across facilities and enterprises, and that delivers emergency department information systems. LOGICARE has more than 200 hospital clients and its software is integrated with electronic medical records system to provide prescribed and trackable education covering more than 6,000 topics.

“Patient education is at the center of healthcare reform. With the acquisition of LOGICARE we will be able to measure and record both patient comprehension and consumption of patient ed materials for meaningful use and better patient outcomes,” said Matthew Davidge, President of The Wellness Network.

“At LOGICARE we’ve long understood the importance of delivering scalable patient education workflow software to hospitals,” said Dave Elvig, CEO of LOGICARE. “We are excited about the opportunity to combine forces with The Wellness Network. We look forward to bringing LOGICARE technology to The Wellness Network’s more than 2,000 hospitals.”

“We are thrilled that Dave Elvig will continue to run LOGICARE moving forward,” said Joe Covey, CEO of The Wellness Network. “Dave has built a high-quality company with an outstanding team whose products have great growth potential.”

This is the fifth acquisition since 2008 for The Wellness Network owners Matthew Davidge and Joe Covey through their holding company, Interactivation. Prior acquisitions were the cable TV networks Mag Rack in 2008, Concert TV in 2009, hospital TV networks The Patient Channel and The Newborn Channel in 2010 and HealthStyle Press in 2012.

LOGICARE is located in Eau Claire, Wisconsin and its office and 25 employees will remain there. Financial terms of the LOGICARE acquisition were not disclosed. LOGICARE was advised by Cherry Tree & Associates.

About The Wellness Network
The Wellness Network is a patient education company which owns The Patient Channel, The Newborn Channel, The MedSerenity Channel, Your NICU Baby, HealthStyle Press and LOGICARE. The channels are the largest in-hospital TV networks in the U.S., available in more than 2,000 hospitals nationwide. HealthStyle Press publishes America’s Health Guides™, passport–sized health education booklets for every stage of life. LOGICARE provides software to more than 200 hospitals for patient-specific discharge instructions, secure patient communications and emergency department information systems.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.