19 July 2017, India:
emids, a rapidly growing global provider of IT services and solutions for the healthcare and life sciences industries, announced today the acquisition of Encore Health Resources, a leading healthcare information analytics company focused on value-based care and electronic health records for providers.
“As healthcare becomes more integrated and the focus on consumerism grows, payers and providers are working more closely together,” said emids founder and CEO Saurabh Sinha. “The ability to provide healthcare technology expertise and solutions that serve both payers and providers, as well as healthcare technology partners, will be critical to help our customers succeed in the future.”
In a rapidly changing healthcare industry with quality mandates, price contraction and moving compliance targets, emids provides organizations with a global healthcare IT partner to help them overcome regulatory hurdles, reduce costs and deliver more value to customers.
Related read- Softbank Might Invest $500 Million In Flipkart To Raise Snapdeal Acquisition Deal Amount
Encore founder Dana Sellers will be joining emids as a member of the Board of Directors. “Providers are increasingly looking for more value out of their systems, and the combination of emids and Encore will offer a compelling value proposition to our customers,” Sellers says.
Encore helps providers plan, implement, manage and optimize clinical and business systems to meet the demands of healthcare reform and improve the quality, cost and coordination of patient care. Rooted in deep operational expertise from working with large and diverse health care systems, Encore’s services unleash the power of data to fulfill growing information and reporting needs for providers, as well as help them improve performance, care coordination, and population health management.
The acquisition, which was backed by Baird Capital and Council Capital, adds nearly 200 consultants to emids’ base of 1,500 employees in the U.S., and adds Dallas to its expanding geographic footprint, which includes a newly opened office in London, a long-standing Bangalore, India, presence, and a Nashville, Tenn-based headquarters. It will also add more than 50 health systems to emids’ client portfolio and deepen its healthcare analytics expertise for clients in the payer and provider markets.
Also read- Will Snapdeal Accept the Revised Offer by Flipkart?