Bonafide to build out software and expand distribution
Roseville, CA (November 29, 2021) – DCA Partners (“DCA”), the region’s leading private equity firm, is pleased to announce its investment in Bonafide Medical Group, a provider of ERP software with a healthcare facility portal for Durable Medical Equipment (DME), acute care, and long-term care healthcare settings. Bonafide is the third investment out of DCA’s Fund III, following Millennium Fire Protection and Indoor Environmental Services.
“It is an honor to partner with a rapidly growing company led by a talented management team,” said Steve Mills, Partner at DCA. “Their continuous innovation has resulted in steady growth with a client pipeline that’s stronger than ever. We hope to build on that success by helping the Company take advantage of previously untapped opportunities.”
With the investment from DCA, Bonafide plans to further extend the software’s features and functionality and expand its distribution channels.
“We look forward to working with DCA and leveraging their SAAS experience as we build for the future,” remarked Mark Ludwig, CEO of Bonafide.
Bonafide’s technology allows DME providers to maximize efficiency, productivity, and profitability. The single-platform solutions delivers every software advantage to maximize margins as reimbursement rates continue to shrink. “Skilled nursing facilities are facing new regulations and do not have the labor or systems to keep up with the new requirements,” Mills explained. “Bonafide’s product addresses this functional gap with their facility portal solution.”
About DCA Partners
Based in Roseville, DCA Partners provides capital to growth-oriented, middle-market businesses in under-served communities across California and other western states. DCA partners with top-quality owners and management teams, providing the capital and expertise needed to successfully expand their businesses.
About Bonafide Medical Group
Bonafide Medical Group is a cloud-based healthcare information technology company. With 40 years of experience in healthcare, Bonafide provides enterprise resource planning platforms that provide comprehensive management solutions in the acute and post-acute care settings. Bonafide was founded in 1981 and is based in Thousand Oaks, California. For more information about Bonafide, visit Bonafide.com.
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