emids Technologies, the global provider of IT services and solutions for the healthcare and life sciences industries, announced on Tuesday that it has acquired healthcare IT consulting firm Encore Health Resources to help expand its global footprints amidst a growing trend of convergence between payers and providers in the healthcare 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 deal assumes significance given the healthcare organisations’ increasing need for clinical and financial data to operate effectively in a value-based environment.
“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,” Sinha added.
emids seeks to expand its India operations amidst technology and innovations driving change in the Indian healthcare ecosystem. “Today, the Indian healthcare industry is also undergoing a major overhaul driven by technology and innovation. Along with business opportunities we also look to expand our India operations and workforce,” Sinha said.
The acquisition brings together emids’ decades of experience in solving data and technology challenges across segments, enabling it to deliver multiple, targeted solutions, and Encore’s expertise in clinical and business applications, and the knowledge of working with large and diverse healthcare systems to improve the quality, cost and coordination of patient care.
“We have a similar culture that focuses on helping customers succeed and prioritising the professional development of people in our organization,” said 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. Commenting on the partnership Sellers said, “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.”
The acquisition was backed by Baird Capital and Council Capital.
The partnership will add nearly 200 consultants to emids’ base of 1,500 employees in the US and and add Dallas to its expanding geographic footprint.