Amersterdam-based Wolters Kluwer, a software and publishing vendor, plans to acquire Minneapolis-based ProVation Medical Inc., a vendor of documentation and coding software. Terms of the acquisition were not disclosed. Wolters Kluwer executives expect the deal to close within 30 days.
Provation will become part of the Clinical Tools unit of Wolters Kluwer's health division, which offers embedded content tools to pharmacies, hospitals, insurers and health care software vendors. ProVation's 101 employees will remain in Minneapolis.
This is the second buy in six months for Wolters Kluwer. It announced last August that it would purchase NDCHealth's information management business, which offers pharmaceutical data analysis services to drug firms. The publisher paid nearly $382 million to acquire the business line.
For more information, go to wolterskluwer.com.
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