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Deal positions emids for growth in the provider space, reflects growing convergence between payers and providers
emids, a rapidly growing global provider of IT services and solutions for the healthcare and life sciences industries, announced today the acquisition of Encore Health Resources, a leading healthcare information analytics company focused on value-based care and electronic health records for providers.
As healthcare providers and payers converge, today’s healthcare organizations have an increasing need for clinical and financial data to operate effectively in a value-based environment. This acquisition provides an opportunity for emids to address these needs for providers, and complements the company’s existing expertise in the payer space.
“As healthcare becomes more integrated and the focus on consumerism grows, payers and providers are working more closely together,” said emids founder and CEO Saurabh Sinha. “The ability to provide healthcare technology expertise and solutions that serve both payers and providers, as well as healthcare technology partners, will be critical to help our customers succeed in the future.”
Encore helps providers plan, implement, manage and optimize clinical and business systems to meet the demands of healthcare reform and improve the quality, cost and coordination of patient care. Rooted in deep operational expertise from working with large and diverse healthcare systems, Encore’s services unleash the power of data to fulfill growing information and reporting needs for providers, as well as help them improve performance, care coordination and population health management.
emids brings decades of experience working with leaders in the payer industry, and with healthcare technology partners, which has given it deep expertise in solving data and technology challenges across segments, enabling it to deliver multiple, targeted solutions.
In addition to the business opportunities this acquisition presents, it also reflects a seamless fit of core values between emids and Encore. Both companies take a partnership approach to serving clients and have a strong emphasis on developing talent.
“We have a similar culture that focuses on helping customers succeed and prioritizing the professional development of people in our organization,” says Tom Niehaus, who will operate Encore as a business unit within emids.
Encore founder Dana Sellers will be joining emids as a member of the Board of Directors.
“Providers are increasingly looking for more value out of their systems, and the combination of emids and Encore will offer a compelling value proposition to our customers,” Sellers says.
The acquisition, which was backed by Baird Capital and Council Capital, adds nearly 200 consultants to emids’ base of 1,500 employees in the U.S., and adds Dallas to its expanding geographic footprint, which includes a newly opened office in London, a long-standing Bangalore, India, presence, and a Nashville, Tenn-based headquarters. It will also add more than 50 health systems to emids’ client portfolio and deepen its healthcare analytics expertise for clients in the payer and provider markets.
“This expertise will also make us valuable to all our customers looking to integrate and collaborate with healthcare providers,” Sinha says.
In a rapidly changing healthcare industry with quality mandates, price contraction and moving compliance targets, emids provides organizations with a global healthcare IT partner to help them overcome regulatory hurdles, reduce costs and deliver more value to customers. Our exclusive healthcare focus and decades of experience working with industry leaders gives us deep expertise in data and technology challenges across segments, enabling us to deliver multiple, targeted solutions. We offer multiple service delivery models that provides agility and allows clients to structure engagements based on business needs. emids, a rapidly growing company that recently expanded with an office in London, was named a “Fast 50” company and one of the Top 3 HIT firms in Nashville by the Nashville Business Journal. Founded in 1999, emids is headquartered in Nashville, Tenn., and also has operations in Bangalore, India.
Encore Health Resources’ IT consultants and professionals help clients use IT to improve the quality and cost of patient care. Encore does this by advising on how to align strategy, implement systems, apply analytics, and realize value from clinical data – value that can translate into performance improvement, care coordination, and better population management. Encore accelerates results and creates sustainable solutions through proven methodologies and proprietary tools. The company values its people and teams, takes tremendous pride in their work, and has been named a Modern Healthcare “Best Place to Work” for six years.
Jarrard Phillips Cate & Hancock, Inc.
David Green, 615-254-0575
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Mergers & Acquisitions
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