IBM to Acquire Initiate Systems
IBM announced today it signed a definitive agreement to acquire Initiate Systems, a market leader in data integrity software for information sharing among healthcare and government organizations.
Financial details were not disclosed.
This deal advances IBM’s continued juggernaut in the business analytics and optimization arena, this time with a focus on helping healthcare organizations and governments around the globe by helping ensure the delivery of trusted and accurate information.
Healthcare providers are facing a huge challenge — integrating accurate information from hundreds of sources. This information is spread across hospitals, doctors’ offices and healthcare providers hindering proper patient care and raising medical costs.
Hospitals, integrated delivery networks, insurers and governments, all have been seeking to create systems that share a consistent view of all critical information as a means of improving both patient health and efficiency.
Initiate’s software has helped bring together data from separate systems managed by hospitals, doctors’ offices and payers at more than 2,400 healthcare sites and over 40 health information exchanges, and government health systems around the world including CVS/Caremark, Blue Cross Blue Shield, United Healthcare Services and the Department of Veterans Affairs.
Initiate’s technology also helps speed the adoption and exchange of electronic medical records, and in the public sector, helps provide government agencies access to pertinent information across multiple systems.
Healthcare and life sciences are a multi-billion dollar business for IBM, which has worked on more than 3,000 healthcare transformation initiatives ranging from small hospitals to national healthcare projects. IBM has more than 4,000 employees dedicated to healthcare and a network of more than 1,800 business partners.
This is IBM’s 30th acquisition aimed at advancing its ability to help clients – in this case the healthcare and government sectors – use information and business analytics to better serve the public.
Since 2005, IBM has invested $10 billion in 14 other strategic acquisitions to build its business analytics portfolio.