Two Canadian information technology companies with a focus on serving the long-term care and assisted living markets have merged.
The combination of TUC Managed IT Solutions in Ottawa and Orangeville, Ontario-based CareWorx will leave CareWorx as the surviving entity. The companies had been partners since 2014 before deciding to merge.
“Together, we saw new opportunities emerging in this market set to explode over the next decade,” said Mark Tomzak, former CEO at CareWorx and now president of the merged company.
TUC Managed IT, serving multiple industries, offers to small and mid-sized organizations a range of services that include cloud computing, desktop support, security and backups, network/infrastructure management, server deployments and migrations, workstations and consulting, among others.
CareWorx, with 4,000 long-term care customers, sells electronic medication management reconciliation software as well as the long-term care electronic health records system of PointClickCare. The company also offers Wi-Fi, medication management tablets and cart-based mobile workstations, among other products.
Wellington Financial LP and EPIC Capital funded the merger.
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