Corporate Updates

IBM consolidates activity into Health IT

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IBM has signed a definitive agreement to acquire privately held Initiate Systems, a Chicago-based provider of information-sharing software for healthcare organisations and government. The deal will be finalized by the end of March. This is the 30th acquisition IBM has made in the information and analytics arena, as Big Blue positions itself for the release of about $20 billion in federal stimulus money for the comprehensive, nationwide adoption of electronic medical records. IBM will offer clients a comprehensive solution for delivering the information they need to improve the well-being of patients at a lower cost. The government clients will now have even more capabilities for gathering and making use of information to serve citizens in a timely and efficient manner.

Initiate has clients at more than 2,400 healthcare sites, more than 40 health information exchanges, and multiple government health systems around the world. Its software allows clinicians to recognize patients at any facility within a health network with access to complete medical histories. Initiate’s technologies support healthcare regulations and standards including HL7 and HIPAA, according to the company. IBM will continue to support Initiate’s technologies while helping clients access the broader IBM portfolio that includes clinical analytics, information discovery and transformation, and data warehousing and business intelligence. Its acquisition of Initiate extends its business analytics strategy through its new Business Analytics and Optimization Consulting organization, which includes 4,000 consultants, analytics solution centers, and investments of more than $10 billion in organic growth and acquisitions.

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