| [February 08, 2012] |
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API Healthcare Acquires Concerro
HARTFORD, Wis. --(Business Wire)--
API Healthcare, the leading healthcare-focused workforce management
technology provider, today announced it has acquired Concerro, a
provider of Software-as-a-Service (SaaS (News - Alert)) staffing and scheduling systems
for healthcare. The acquisition enables API Healthcare to significantly
increase its ability to deliver workforce management solutions across
the entire healthcare community, including critical access hospitals,
home health, retail clinics and long-term care facilities.
The combination of API Healthcare's robust, integrated workforce
management solutions with the accessibility of Concerro's SaaS solutions
will provide more options for healthcare organizations across the entire
continuum of care. This will enable the healthcare industry, from large
health systems to small retail clinics, to achieve positive outcomes by
managing labor costs while remaining focused on improving patient care.
"Concerro's products and client base are the perfect complement to API
Healthcare's existing solutions and markets," said J.P. Fingado,
president and chief executive officer, API Healthcare. "Working together
we will reinforce our mutual commitment to innovation and dedication to
the healthcare industry. This strategic move allows us to leverage a
larger number of talented, diverse and clinically-based staff to deliver
the high quality of service that separates API Healthcare from our
competitors."
"We are committed to improving quality and performance for our more than
1,300 health system client installations through broad workforce
technology," said Patrick Pomroy, vice president of corporate
development, API Healthcare. "The team at Concerro has done a great job
of creating solutions that help fulfill these same goals for their
client base. With the synergies created by this acquisition, all types
of healthcare organizations will have access to innovative technology
designed specifically to meet their unique workforce management needs."
Concerro is a leading Software-as-a-Service (SaaS) company that helps
health systems effectively manage their workforce and mission critical
communications with online scheduling, open shift management, patient
acuity and emergency preparedness solutions. The company combines
strategic guidance and services with their full suite of clinical
solutions including RES-Q, ShiftSelect and CommandAware. Concerro has
won numerous awards and recognition, including being named to the
prestigious Inc. 5000 for four consecutive years, and receiving Red
Herring's 100 most promising private technology ventures in North
America and Best of SaaS Showplace (BoSS) awards. The Company is based
in San Diego, CA (News - Alert).
API Healthcare headquarters will remain in Hartford, WI and the San
Diego office will be a key business center for the corporation.
Wells Fargo (News - Alert) Securities, LLC acted as financial advisor to API Healthcare.
About API Healthcare
API Healthcare (www.apihealthcare.com)
is the largest healthcare-specific vendor focused on workforce
management solutions for the healthcare industry. Driven by the mission
to elevate quality and performance across the healthcare community
through innovative workforce solutions, API Healthcare has been
dedicated to the healthcare industry for 30 years. The company's
staffing and scheduling, patient classification, human resources,
payroll, time and attendance, business analytics, and staffing agency
solutions are used by more than 1,600 hospitals and staffing agencies.
Founded in 1982, API Healthcare has been rated by KLAS in the Top 20
Best in KLAS Awards Report (www.KLASresearch.com)
as the top time and attendance provider system for the last ten years
(2002-2011).
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