Industry Leader HealthPort Acquires ChartOne
Creates nation’s top provider of technology solutions for the healthcare industry; positions company for future growth
GA, September 23, 2008: Marking a significant development in its vision
to be a leading provider of technology and strategic solutions for the
healthcare industry, HealthPort will acquire its closest competitor,
ChartOne, officials announced today.
The transaction was completed on Monday,September 22, 2208. Financial details of the transaction will not be disclosed.
acquisition combines the strengths of two industry leaders and creates
the widest selection of affordable, quality health information products
and services available,” says Patrick J. Haynes III, Chairman of
“As the adaptation of technology continues to gain
momentum in the healthcare industry, this announcement strongly
positions our company to better provide a full spectrum of solutions
that can improve business fundamentals and enhance patient care,”
“In an increasingly complex and highly
regulated environment, healthcare companies need customized electronic
systems and technology solutions that address?and improve their
toughest challenges,” says Michael Labedz, President and CEO of
HealthPort. “We are committed to leveraging these benefits for our
existing customers andlook forward to pursuing new opportunities as the
healthcare information technology sector continues to grow and mature,”
said Labedz. Today, the vast majority of healthcare companies still
rely on paper-based systems and processes to manage critical
information. Over the next decade, however, the industry is widely
expected to shift to paperless, electronic technologies that create
greater efficiencies while improving patient care.
SEAMLESS TRANSITIONS FOR EMPLOYEES, CLIENTS
this acquisition, HealthPort has combined revenues of more than $230
million and serves more than 8,000 healthcare facilities across the
United States. The company’s headquarters will be located in
Alpharetta, Georgia and will be led by HealthPort CEO Michael Labedz.
members of the ChartOne management team will work with leadership to
continue business as usual while also ensuring a smooth transition for
all of ChartOne’s employees and clients.