Healthland, a provider of healthcare information solutions for small community and critical access hospitals, has acquired American Healthnet, an Omaha, Neb.-based provider of healthcare information systems for hospitals. No financial terms were disclosed. Healthland is a portfolio company of Francisco Partners.
Healthland, America’s market leader of healthcare information solutions for small community and critical access hospitals, today announced it has successfully completed its acquisition of American Healthnet (AHN), based in Omaha, Neb. This is Healthland’s second acquisition in a single year and widens the gap between the healthcare information technology (HIT) provider and its competitors in the small community hospital market. Specific details of the AHN acquisition were not disclosed.
American Healthnet, founded in 1980, provides healthcare information systems to help hospitals efficiently manage critical information and decision processes to enable quality and cost-effective patient care. Both Healthland and AHN serve virtually the same market and, as a result of the acquisition, Healthland will acquire all of AHN’s customers.
“Our future is about creating loyal customers by providing a superior experience from start to finish,” said James Burgess, president and CEO of Healthland. “It’s imperative that Healthland continue to make investments to further cement our leadership position and widen the competitive gap in the marketplace. We are thrilled to welcome AHN to the Healthland team. As small community hospitals prepare to show meaningful use and take advantage of the ARRA incentive funds, we are confident they will turn to a technology provider that is number one in the market and 100 percent focused on delivering solutions that meet their needs.”
In addition to its market leadership in small community hospitals, Healthland is experiencing strong momentum in the marketplace. The company is reporting strong sales with record revenue in the past several fiscal quarters, new business contracts are up significantly and win rates have improved dramatically. Moreover, this is the HIT provider’s second acquisition in one year and most recently, the healthcare research firm, KLAS, reported that Healthland scored higher than all other vendors in its 50-bed-and-under hospital market study. Healthland solutions enable small community hospitals to deliver the best in healthcare by helping to create one patient chart across the community, be it a hospital, clinic, home healthcare or long term care facility.
“We are very excited about the momentum we are currently experiencing,” added Burgess. “This recent activity points to the strength of Healthland, and demonstrates we are a safe investment for small community hospitals looking to meet new government ARRA guidelines and meaningful use requirements. Our focus is to deliver on our promises and continue to work at understanding and responding to the needs of our customers and small community hospitals so they can focus on what they do best – provide quality care to their patients. This is more important than ever as we advance our presence in this market and strive to transform community healthcare.”