Banyan Software, a leading acquirer and permanent home for great software businesses, is excited to announce the acquisition of VersaBadge, LLC from Collateral Opportunities LLC. VersaBadge is a healthcare technology company focused on helping community hospitals, clinics and post-acute care providers to improve their financial health, workflows and quality, while creating safer care environments for staff and patients across the United States.
Founded in 2016, VersaBadge emerged from a collaboration with Critical Access Hospitals (CAHs) that were in need of more accurate, defensible time studies to support essential government reimbursement for their Emergency Departments. Over the past eight years, VersaBadge has developed a robust, cost-effective Real Time Location System (RTLS) that leverages Bluetooth technology to deliver a suite of innovative use cases. VersaBadge has gained widespread adoption among CAHs, helping them to improve reimbursement accuracy and streamline reporting, while enhancing safety and overall operational efficiency.
“We are excited to welcome VersaBadge to the Banyan family. We were impressed by their commitment to addressing the specific needs of Critical Access Hospitals to streamline healthcare workflows, while making important technology accessible and affordable to sectors where such investments had historically been cost prohibitive. We look forward to supporting VersaBadge’s continued growth and impact for their clients.”
Darren Harris • Operating Partner, Banyan Software
“My team and I have the privilege of working with nearly 200 rural hospitals all over the country and we are actively expanding into other sectors such as post-acute care. In considering an acquisition, our principal focus was on finding a permanent home with a company that shares our values and embraces our commitment to clients. This partnership with Banyan Software provides VersaBadge with the resources to further expand our reach and drive innovation in order to amplify impact for our clients.”
Bryan Knowles • CEO, VersaBadge
About VersaBadge. VersaBadge, launched in 2016 as a co-development partnership with Critical Access Hospitals, has focused on leveraging location-awareness to improve financial health, compliance, caregiver safety, and workforce efficiency in healthcare settings. With a commitment to making technology more accessible, VersaBadge operates under a SaaS (System as a Service) model and collaborates closely with clients to continually expand its product suite. For more information, please visit: versabadge.com
About Banyan Software, Inc. Banyan Software provides the best permanent home for successful enterprise software companies, their employees, and customers. With a permanent capital base set up to preserve the legacy of founders, Banyan focuses on a buy and hold for life strategy for growing software companies. Founded in 2016, Banyan is backed by a world-class group of CEOs and investors with deep technology experience and currently operates across a growing number of verticals.
