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Companies
Lawson Software to acquire
Healthvision Solutions
ST. PAUL, Minn. – Lawson Software
announced that it has agreed to acquire Healthvision Solutions, Inc.,
through the acquisition of privately held Quovadx Holdings, Inc., its
parent holding company.
Healthvision is a Dallas-based company providing integration and
application technology and related services to hospitals and large
healthcare organizations. The all-cash transaction of $160 million is
subject to regulatory approvals and expected to close in January 2010.
Healthvision’s Cloverleaf integration technology connects the disparate
software applications and technologies used throughout healthcare
organizations, enabling data to flow smoothly to healthcare
professionals wherever they are and whenever they need it.
The use of Healthvision solutions helps transform what is typically a
multitude of complex interfaces into an automated and efficient
environment.
Combined with Lawson’s leading position in providing enterprise software
to healthcare organizations, the acquisition of Healthvision will enable
Lawson to connect multiple source systems and provide healthcare
providers with quick access to clinical, financial and operational
information reliably and securely, regardless of the source system, the
company said.
With this expanded ability, Lawson can help hospitals and healthcare
organizations protect their existing technology investments, while
adapting to future compliance and interoperability requirements driven
by healthcare IT reform.
“Reducing healthcare costs is a priority for everyone,” said Harry Debes,
Lawson president and chief executive officer. “Healthvision’s solutions
address that challenge by giving our healthcare customers access to
financial, operational and clinical information across their enterprise.
When their systems are connected and data can flow between systems,
substantial benefits result. Clinicians can better coordinate patient
care, operational processes become more efficient, and revenue
activities are processed smoothly and at a lower cost.”
Headquartered in Dallas, Healthvision began in 1989 and today has nearly
300 employees located in the United States, Canada, the United Kingdom
and China. Its Cloverleaf product is a recognized leader and used by 33
percent of North American hospitals and 40 percent of large integrated
delivery networks. Healthvision has 800 customers, including 200 joint
customers with Lawson, and its products are used in more than 3,000
healthcare facilities around the world.
Healthvision has three product lines. Healthcare organizations use
Healthvision’s Cloverleaf integration technology to connect their
software applications within a hospital. Healthvision’s Health
Information Exchange (HIE) platform links an entire healthcare network
consisting of hospitals, clinics, laboratories, pharmacies and other
stakeholders like payers, partners and vendors. This is an emerging
growth market, with U.S. government stimulus funds promoting the
creation of HIEs.
Healthvision also targets the Canadian healthcare market with its
MediSuite products, an integrated suite of provider applications for
laboratories, electronic health records, patient management, clinical
department systems and public health and community care.
“With Healthvision, we see an opportunity for growth with the system
integration technology used within hospitals and used to build HIEs,”
said Jim Catalino, Lawson senior vice president and general manager of
Lawson Healthcare. “Most healthcare organizations have added or acquired
multiple IT systems throughout their lives and want to get the most out
of these assets. Taking on this integration task themselves requires
building, monitoring and maintaining their own interfaces. That’s
expensive, time-consuming and difficult and results in large
organizations maintaining thousands of interfaces.
“Smaller healthcare organizations usually don’t have the money or IT
resources to even do this task so their systems can’t talk to one
another. Big or small, these IT costs and disparate systems add to the
big issues healthcare faces in terms of efficiency, affordability and
patient care. Healthvision eliminates the need for homegrown interfaces
and the cost of those interfaces and allows healthcare CIOs to allocate
IT resources to more strategic needs.”
“Healthvision customers get the strength, commitment and leadership of
Lawson not only to the healthcare industry but also to the entire suite
of Healthvision products,” said Carolyn Jolley, Healthvision senior vice
president of client services. “Lawson customers can now address their
integration challenges, and on the strategic level, this acquisition
also gives Lawson and Healthvision’s customers the solid system
integration and application foundation to create the exchange of
healthcare information demanded by both U.S. healthcare reform and the
Canadian government.”
In the first 12 months after closing, Healthvision is expected to add
$60 million to $70 million in revenues.
About Lawson Software
Lawson Software provides software and service solutions to 4,500
customers in equipment service management and rental, fashion, food &
beverage, healthcare, manufacturing & distribution, public sector
(United States), service industries, and strategic human capital
management across 40 countries. Lawson Software is a global provider of
enterprise software, services and support to customers primarily in
three sectors: services, trade and manufacturing/distribution. Lawson’s
solutions include Enterprise Performance Management, Human Capital
Management, Supply Chain Management, Enterprise Resource Planning,
Customer Relationship Management, Manufacturing Resource Planning,
Enterprise Asset Management and industry-tailored applications. Lawson
solutions assist customers in simplifying their businesses or
organizations by helping them streamline processes, reduce costs and
enhance business or operational performance. Lawson is headquartered in
St. Paul, Minn., and has offices around the world. Visit Lawson online
at www.lawson.com.
Posted Jan. 14, 2010
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