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Lawson Software Buys Healthvision
- 1/25/2010
Lawson Software ventured further into the hospital market by scooping up health IT company Healthvision, buying its parent holding company, Quovadx Holdings, for $160M. Lawson, a St. Paul, MN-based big-business software developer, announced the all-cash transaction Thursday. The deal is expected to close this month.
The move brings Lawson, whose customers already include Cleveland Clinic and the Banner Health network, broader access to hundreds of hospitals by giving them ownership of Cloverleaf, Dallas-based Healthvision's flagship product. This hospital data-integration software is used in one-third of North American hospitals and nearly half of integrated delivery networks, according to Lawson.
Together, the two companies serve almost 1,400 customers in this field. Lawson Software ventured further into the hospital market by scooping up health IT company Healthvision, buying its parent holding company, Quovadx Holdings, for $160M. Lawson, a St. Paul, MN-based big-business software developer, announced the all-cash transaction Thursday. The deal is expected to close this month.
The move brings Lawson, whose customers already include Cleveland Clinic and the Banner Health network, broader access to hundreds of hospitals by giving them ownership of Cloverleaf, Dallas-based Healthvision's flagship product. This hospital data-integration software is used in one-third of North American hospitals and nearly half of integrated delivery networks, according to Lawson.
Together, the two companies serve almost 1,400 customers in this field.
Read the full story at dotmed.com.
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