Mobile’s CPSI Acquires Trucode Software Company

Mobile-based healthcare solutions company CPSI recently announced its acquisition of Alpharetta, Georgia-based TruCode LLC. TruCode provides software solutions that enable health providers, consultants and payors to code more accurately and efficiently and help improve revenue-cycle performance. CPSI has been a strategic partner of TruCode for the last five years. The deal was funded by a combination of cash on hand and additional borrowing capacity under CPSI’s revolving credit facility. Matt Chambless, CPSI chief financial officer, added, “The impressive margins that TruCode brings to the CPSI family of companies is expected to expand our consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) margins by roughly 130 basis points, with the potential for another $1 million of adjusted EBITDA from capitalization of software development costs.” CPSI is already the parent of Evident, LLC; American HealthTech, Inc.; TruBridge, LLC; and iNetXperts, Corp. d/b/a Get Real Health.