Healthcare systems and software solutions company Omnicell has signed an agreement to acquire mobile technology solutions company Rioux Vision for approximately $26m to enhance its medication management software. The transaction is expected to complete by the end of December 2007.
Rioux Vision is a privately held company and its mobile cart technologies can be integrated into the bedside point-of-care environment, enabling nurses to have easy access to patient records and electronically integrate record keeping into the patient care process. After the acquisition Rioux Vision will become a wholly-owned subsidiary of Omnicell.
Omnicell plans to integrate Rioux Vision product line with its suite of medication management software. The transaction is expected to generate additional revenue growth of approximately 5-6% in 2008.
We are excited to add mobile cart technology to our extensive line of medication-use systems. Mobile technology will enable clinicians to increase their productivity and the accuracy of their record keeping, which further leads to improved patient care, said Randall Lipps, chairman, president and chief executive at Omnicell.
In a similar move, Microsoft acquired a Bangkok-based privately held enterprise-class health information systems company Global Care Solutions (GCS) in October 2007 to strengthen its portfolio of health solutions.
Source: ComputerWire daily updates