Reuters version
January 15, 1999 10:07
HealthDyne unit acquired by Superior Consultant
MARIETTA, Ga., Jan 15 (Reuters) - Healthdyne Information Enterprises Inc. , an integration software tools and services provider, said Friday its Integration Services Group unit was acquired by Superior Consultant Holdings Corp. and its wholly owned subsidiary, Superior Consultant Co. Inc., for $2.2 million in cash.
Though part of Heahtldyne, the Integration Service Group unit offered healthcare-related integration consulting services, which was unrelated to the company's core business of message brokering.
Integration Services is comprised of served large delivery networks including Promina Health Systems in Atlanta, Ga., and BJC Health Systems of St. Louis, Mo.
Under the terms of the agreement, Superior will be granted rights to incorporate Healthdyne's Criterion Tool Suite, which allows healthcare enterprises to build and deploy a data warehouse incrementally, into its data warehousing portfolio of solutions.
All employees of Integration Services have been invited to stay with Superior.
"The sale of ISG strengthens HIE's focus on our core business, enterprise application integration tools and services," said Robert Murrie, president and chief executive of Healthdyne. "Furthermore, we expect no adverse affect on fourth quarter earnings, and anticipate utilizing the proceeds to finance our fast growing message brokering business."
Superior Consultant Holdings Corp. offers strategic management and consulting services for the healthcare industry.
Shares of Suaaperior Consultant closed at 43-1/8 on Thursday. Shares hit a year high of 48-1/4 and a year low of 27-11/16.
HDIE SUPC
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