Oracle to Takeover Phase Forward
April 19, 2010
Redwood City, CA-based Oracle Corporation has announced its intent to acquire Waltham, MA-based Phase Forward Incorporated, a publicly held company providing integrated data management solutions, for approximately $685 million ($17.00 per share). Expected to make the acquiree the foundation for the Health Sciences SaaS-based offerings, the current move is anticipated to provide Oracle with significant domain expertise, and facilitate accelerated SaaS solutions of Health Sciences. For Phase Forward, its R&D investments are to increase, as it would be able to benefit form Oracle’s anticipated R&D budget of $2.8 billion, after the closure of the agreement. Read more
IBM to Strengthen Analytics Capabilities through Initiate Systems Acquisition
February 6, 2010
Entering into the 30th acquisition under its information and analytics strategy, IBM Corporation has signed an agreement with Initiate Systems, to acquire the data integrity software provider for an undisclosed amount. The agreement is subject to customary closing conditions and regulatory clearance. Initiate Systems will operate with IBM’s Information Management business, following the expected closing of the agreement during the 1Q 2010. Initiate’s technology assets are anticipated to fortify IBM’s offerings for the healthcare and government clients. Read more
Unisys to Divest Health Information Management Business to Molina Healthcare
January 22, 2010
Unisys Corporation has decided to sell its health information management (HIM) business to Molina Healthcare, Inc., a managed care organization, in an all-cash deal valued at $135 million. Subject to a standard working capital adjustment, the transaction amount will be paid using Molina’s credit facility at closing. Liable to closing conditions and customary regulatory approvals, as well as receipt of customer consents, the acquisition is slated to complete during the first half of 2010. Read more
Microsoft’s Proposed Acquisition of Sentillion to Enhance Healthcare Connectivity
December 12, 2009
Microsoft Corporation has expressed its intention to acquire Sentillion Inc., in order to facilitate caregivers with the ease in delivering quality care through the combined offerings of Microsoft Amalga Unified Intelligence System (UIS) and Sentillion’s products. The merged expertise is likely to empower caregivers with streamlined access to discrete IT systems and patient information. The terms of the deal were undisclosed, and the acquisition is expected to close early in 2010. Read more
athenahealth to Buy Business Intelligence Vendor
October 5, 2009
In a move to reinforce its solution portfolio with business intelligence (BI) expertise, athenahealth, Inc., has decided to acquire Anodyne Health Partners, Inc., which specializes in healthcare Software-as-a-Service (SaaS) BI solutions. Read more
IBM Intends to Acquire Predictive Analytics Software Provider SPSS Inc.
August 3, 2009
Strengthening its hold in the business analytics technology and services sector, IBM Corporation has decided to acquire SPSS Inc., an IBM partner and a global predictive analytics software and solutions vendor. The buy out is anticipated to boost IBM’s other range of solutions offered through its network of Analytics Solution Centers and recently launched Business Analytics and Optimization Consulting unit. Read more
Emdeon Acquires Pharmacy Services Vendor
July 4, 2009
Nashville, Tennessee-based Emdeon Business Services LLC has acquired eRx Network, LLC, a vendor of electronic pharmacy healthcare solutions, in order to enhance its footing in e-Prescribing and pharmacy claims management. The financial terms of the transaction were undisclosed. The agreement marks the merging of Emdeon’s pharmacy operations with eRx’s technology and services offering, and the former leveraging eRx’s growing clientele, and recognition for its product innovation, pharmacy switching technology and customer support. Read more
Emdeon Intends to Takeover Healthcare Fraud and Abuse Management Service Provider
May 6, 2009
Emdeon Business Services LLC, has signed an agreement to acquire substantially all assets of The Sentinel Group from Optimal Business Services, Inc., which operates under Trustmark Mutual Holding Company (Trustmark Companies), to offer services for healthcare fraud and abuse management. Following customary closing conditions, the deal is expected to close during the second quarter. Financial terms were undisclosed. Read more
IBA to Acquire Medication Management Vendor HATRIX
April 20, 2009
IBA Health Group Limited has entered into an A$15 million (US $10.8 million) agreement to acquire HATRIX Pty Ltd, a provider of medication management solutions. Under the terms of the acquisition, which is expected to complete in the upcoming days, HATRIX shareholders will initially receive a consideration of A$2 million (US$1.4 million) and will further be paid an A$13 million (US$9.3 million) earn-out in cash or in the form of shares at IBA’s election, over the coming three years. Read more
Express Scripts to Acquire WellPoint Subsidiary
April 15, 2009
St. Louis, Missouri-based Express Scripts Inc. and Indianapolis-based WellPoint Inc., have entered into an agreement, by virtue of which, Express Script will acquire the latter’s NextRx subsidiary for a deal value worth $4.675 billion. Depending on the transaction structure, the deal value will also include consideration for future tax benefits for the acquirer. Read more
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