Eclipsys Closes Sysware Acquisition
BOCA RATON, Fla., July 18 /PRNewswire-FirstCall/ — Eclipsys Corporation(R), The Outcomes Company(R), today announced that it has closed the acquisition of the business of Sysware Healthcare Systems, Inc., a laboratory information system (LIS) company headquartered in Michigan.
On June 12, 2006, Eclipsys announced a definitive agreement to acquire the Sysware business, including Sysware’s related software-development organization in India. The two companies have shared a strong strategic business relationship since 2004, with Eclipsys marketing Sysware’s PowerLAB solution under the Eclipsys Sunrise Laboratory(TM) brand. This acquisition builds upon that partnership and acknowledges the value of an integrated laboratory information system as a core module of Eclipsys’ Sunrise Clinical Manager suite of advanced clinical information solutions.
“We are excited to have Sysware join the Eclipsys family,” said R. Andrew Eckert, Eclipsys president and chief executive officer. “This acquisition further strengthens our position as a leading provider of enterprise-wide information software and services that help healthcare organizations be among the best places to both give and receive care. We believe that the combination of the two companies’ people, processes and products will enable us to deliver integrated, innovative solutions to the market, more quickly and efficiently.”
The closing of the acquisition of Sysware’s sister company in Baroda, India, which provides development services related to the laboratory software, is pending final compliance with Indian regulatory requirements and is expected to occur soon. In the meantime, concurrently with the Sysware closing, Eclipsys began operating the Indian business under a management control agreement.
The transaction is not expected to have a material impact on Eclipsys’ results of operations for 2006. Financial details of the transaction were not disclosed.
About Eclipsys
Eclipsys is a leading provider of advanced integrated information software, best-practice clinical content and professional services that help healthcare organizations improve clinical, financial, operational and customer-satisfaction outcomes. For more information, see http://www.eclipsys.com/ or email info@eclipsys.com .
