IBM to Acquire Initiate Systems
Armonk, N.Y.-based IBM has signed a definitive agreement to acquire Initiate Systems (Chicago), a vendor of data integrity software for information sharing among healthcare and government organizations.
Initiate Systems is a privately held company based in Chicago, and marks the 30th acquisition IBM has made to advance its capabilities in information and analytics.
The transaction is subject to customary closing conditions and regulatory clearance and is expected to close in the first quarter of 2010. IBM intends to integrate the Initiate organization with its Information Management business after the closing.
Financial details were not disclosed.
Xerox Acquisition of ACS Approved
Shareholders of Xerox Corporation (Norwalk, Conn.) and of Affiliated Computer Services, Inc. (Dallas) have approved Xerox's acquisition of ACS. The transaction will be completed shortly, according to ACS.
Through the transaction, Xerox looks to become the leading global enterprise for business process and document management, and accelerate its growth in an expanding market, it says.
A business process outsourcing firm, ACS is a $6.5 billion company with revenue growth of 6 percent and new business signings of $1 billion in annual recurring revenue during its fiscal 2009.
Santa Rosa, CSA Associates to Merge
Two Michigan-based consulting companies - Santa Rosa Consulting, LLC (Southfield), and CSA Associates, Inc. (Ada) - have announced they are merging.
Santa Rosa provides healthcare clients with strategy and advisory services, IT planning and implementation consulting, and staffing and recruitment services, while CSA Associates offers specialization with Meditech products.
According to the companies, Santa Rosa has acquired substantially all of the assets of CSA Associates.
HealthTech Holdings Buys Medhost
HealthTech Holdings, Inc. (HHI), a healthcare technology holding company and parent of Nashville, Tenn.-based Healthcare Management Systems, Inc. (HMS), has acquired Medhost (Addison, Texas), a provider of emergency department information systems.
Through the acquisition, HMS says it plans to develop an integrated emergency department system for community hospitals. HHI expects combined revenues in excess of $100 million in 2010, it says.
Concerro Got RES-Q
San Diego-based Concerro, Inc., a Software-as-a-Service company, has acquired RES-Q Healthcare Systems (Calabasas, Calif.), a provider of staff/nurse scheduling software.
RES-Q President Michael Meisel will join Concerro's executive management team as vice president of product management and marketing, says the company. Concerro will continue to support RES-Q's product suite of resource management and scheduling software, which includes applications for personnel management, enterprise-wide employee scheduling and staffing, surgery department management and case scheduling, patient acuity classification and productivity management and reporting.
All RES-Q employees and its office will be retained, it says.
Healthcare Informatics 2010 March;27(3):52
