US-based Roper Technologies has signed a definitive agreement to acquire CentralReach from global software investor Insight Partners for a net purchase amount of nearly $1.65bn.
This acquisition includes a $200m tax benefit.
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Cloud-native software provider CentralReach supports the workflow and administration of applied behaviour analysis (ABA) therapy for individuals with autism spectrum disorder (ASD) and related intellectual and developmental disabilities (IDD).
The company’s electronic medical records (EMR) platform is essential for ABA therapy providers, featuring tools for client setup, claims processing, practice management, and service delivery, enhanced by AI-powered modules.
Roper Technologies president and CEO Neil Hunn said: “CentralReach is a fantastic business with clear niche market leadership, mission-critical and high ROI solutions, a high recurring revenue mix, and outstanding customer retention, which leads to strong organic revenue growth and excellent cash conversion.
“This acquisition is another example of Roper identifying a business that provides greater value creation for our shareholders. CentralReach meets each of our long-standing acquisition criteria, while also having a structurally faster organic growth profile and the ability to expand margins under Roper’s long-term ownership.”
The acquisition is poised to contribute to Roper’s financials, with CentralReach expected to add around $175m in revenue and $75m of earnings before interest, taxes, depreciation, and amortisation (EBITDA) for 12 months ending 30 June 2026.
Roper decided to acquire CentralReach because of its solutions and significant contribution to improving care and outcomes for individuals with autism and IDD.
As part of this acquisition, CentralReach will remain independent, preserving its current leadership, team, brands, products and mission.
The transaction, which will be reported under Roper’s Application Software segment, is anticipated to close between April and May 2025, pending regulatory approval and customary closing conditions.
The funding for this acquisition will come from Roper’s revolving credit facility.
