Home Industry Listed Tech IBM to acquire healthcare integration developer

IBM to acquire healthcare integration developer

IBM is set to acquire Initiate Systems, a developer active in the healthcare and government markets.

IBM has signed a definitive agreement to acquire Initiate Systems, a Chicago-based company that specialises in data integrity software for information sharing among healthcare and government organisations.

Initiate's software helps integrate data from multiple systems and locations. It is used at more than 2400 sites and more than 40 health information exchanges.

Clients include the Alberta Ministry of Health and Wellness, BMI Healthcare (UK), and North Dakota's Department of Health and Human Services.

"With the addition of Initiate's software and its industry expertise, IBM will offer clients a comprehensive solution for delivering the information they need to improve the well-being of patients at a lower cost," said Arvind Krishna, general manager, information management, IBM.

"Similarly, our government clients will now have even more capabilities for gathering and making use of information to serve citizens in a timely and efficient manner," added Krishna.

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Initiate will be integrated with IBM's information management business.

Subject to closing conditions and regulatory clearance, the deal should be completed during the current quarter.

Financial details of the proposed transaction were not disclosed.

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Stephen Withers

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Stephen Withers is one of Australia¹s most experienced IT journalists, having begun his career in the days of 8-bit 'microcomputers'. He covers the gamut from gadgets to enterprise systems. In previous lives he has been an academic, a systems programmer, an IT support manager, and an online services manager. Stephen holds an honours degree in Management Sciences and a PhD in Industrial and Business Studies.