Tuesday, October 2, 2007

InfoLogix buys systems integrator Healthcare Informatics Associates

HATBORO, PA - InfoLogix, which provides mobile enterprise technology for the healthcare and commercial industries, has acquired Healthcare Informatics Associates, a privately held management and consulting firm and systems integrator. The companies did not reveal the terms of the acquisition deal.

InfoLogix began to trade on the Nasdaq under the symbol IFLG on Sept. 24. Today’s stock price range was $3.62-$3.75. HIA is privately held. The acquisition of Seattle-based HIA cements InfoLogix’s position as a ‘single source’ provider for healthcare mobility technology, according to InfoLogix executives. Analysts forecast the market for healthcare consulting will exceed $30 billion by 2010. HIA will operate within the InfoLogix organization as the company’s healthcare consulting and systems integration service line. Mary Ann Bartley, HIA founder and executive vice president, will be joining InfoLogix as executive vice president of Healthcare Consulting Services. Gerry Bartley, president and CEO of HIA, will be joining InfoLogix as executive vice president and managing director of Healthcare Consulting Services. “We are very excited to be joining InfoLogix and see great synergies between our companies because of our outstanding consultants, our mutual premier clients and InfoLogix’s cutting edge solutions for the healthcare market,” said Bartley.

InfoLogix’s customer base now includes more than 20 percent of all hospitals in the United States, according to the company. “More than 1,400 hospitals rely on InfoLogix as their enterprise mobility partner, and we believe the addition of HIA will enable us to expand the strategic value of our current and future customer relationships,” said David Gulian, president and CEO of InfoLogix. “InfoLogix’s expertise in healthcare mobility solutions, together with HIA’s combination of IT and clinical experience, provides us with exceptional depth to directly address the core business issues of hospitals across North America as a premier management consultant and systems integrator.”

source: Healthcare IT News

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