Archive for December 21, 2011
Mergers and acquisitions are often the talk of healthcare business events as firms look to expand into new markets. And the trend shows no sign of slowing after Scottish IT company Craneware bought a rival US firm in a multi-million pound deal.
The purchase of Nashville-based ClaimTrust is worth over £9 million initially, but could rise to £12 million if certain targets are met.
Craneware is a healthcare software developer which creates revenue calculating programmes for US hospitals. And while ClaimTrust is technically a rival company, it has a customer base of more than 275 hospitals in the US.
Through this purchase Craneware will now be able to expand its offering in the US. It also expects that revenue will increase significantly in the first full year of ownership.
Marcus Evans presents healthcare retail business events, created by experienced professionals and with information presented by industry experts.