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Infor to buy Intelligent
Posted on Tuesday, 14 January 2020 14:39
Infor has agreed to acquire US-based healthcare software provider Intelligent InSites for an unannounced sum.
The deal will expand the buyer’s technology services for medical organisations and extend its operations further into the market.
Headquartered in North Dakota, Intelligent provides healthcare software and services through real-time location systems (RTLS).
Its technology focuses on improving operational efficiency, patient flow and ensuring the safety of staff, among other considerations, for clinics and other facilities in the field.
Intelligent serves customers across the US and Australia, including HCA Healthcare, the Royal Adelaide Hospital and the US Department of Veterans Affairs.
The group’s asset management division also offers RTLS, enabling nurses and other staff to locate medical equipment and dispense with inventory stock outs.
Kevin Samuelson, chief executive of Infor, said: “This acquisition is a great fit for Infor given its focus on IoT [Internet-of-Things] and clinically-connected capabilities for healthcare without being tied to a specific RTLS hardware technology.”
As a result of the transaction, the buyer expects to help organisations reduce patient waiting times, eliminate unnecessary equipment rentals and prioritise safety through staff backup services.
Furthermore, the addition of Intelligent’s RTLS to Infor’s portfolio will complement its existing Infor CloudSuite Healthcare footprint and create a continuum of care between clinics, urgent care units and emergency departments.
Based in New York, the acquiror is a global software company, which provides cloud-based products to customers in the aerospace, automotive and retail industries, among others.
In the second quarter ended to 31st October 2019, Infor posted revenue of USD 760.70 million, down 4.8 per cent from USD 799.40 million in the corresponding period of 2018.
According to Zephyr, the M&A database published by Bureau van Dijk, there were 2,247 deals targeting health care and social assistance providers signed off globally in 2019.
In by far and away the largest of these, Centene, via Wellington Merger Sub II, agreed to buy US-based WellCare Health Plans for USD 17.30 billion.
© Zephus Ltd