Canadian Firm Acquires Hospital Vendor QuadraMed
Quebec-based Harris Computer Corp. has acquired Reston, Va.-based QuadraMed Corp., a vendor of ancillary software for hospitals, for an undisclosed sum.
Quebec-based Harris Computer Corp. has acquired Reston, Va.-based QuadraMed Corp., a vendor of ancillary software for hospitals, for an undisclosed sum.
Harris Computer is a subsidiary of Toronto-based Constellation Software Inc., which owns at least five companies providing services to local governments and across multiple industries with 30,000 customers in 30 nations. The deal marks Harris Computer’s entrance into the United States health information technology market. Harris Computer is not affiliated with Harris Corp., a large Melbourne, Fla.-based contractor with a sizable presence in health care.
QuadraMed formed two decades ago and made many acquisitions as it created an expansive portfolio of ancillary products. The company, which was owned in recent years by equity firm Francisco Partners and has struggled during that time, has been a shadow of its former self since selling its core Quantim health information management product line to Nuance Communications in September 2012. QuadraMed CEO Duncan James in recent days joined M*Modal as CEO.
After selling the HIM business, QuadraMed retained its other products covering access and identity management such as a master patient index, self-service portals and kiosks, care management and revenue cycle management applications. It also sells an electronic health records system that has not established sufficient market share. Harris Computer expects to maintain QuadraMed’s other offices in New York City, Jacksonville and Lake Mary, Fla.; and Ontario, Calif.
Daniel Desaulniers, group president of Harris Computer, declined to comment on plans for QuadraMed, saying that as a publicly traded company Harris does not answer media questions. In a letter to QuadraMed clients, Desaulniers and Harris CEO Jeff Bender pledged to “deliver upon the product road maps we have developed together.” The acquisition, they added, combines the skills, knowledge and products of QuadraMed with the long-term ownership values of Harris.
Harris Computer is a subsidiary of Toronto-based Constellation Software Inc., which owns at least five companies providing services to local governments and across multiple industries with 30,000 customers in 30 nations. The deal marks Harris Computer’s entrance into the United States health information technology market. Harris Computer is not affiliated with Harris Corp., a large Melbourne, Fla.-based contractor with a sizable presence in health care.
QuadraMed formed two decades ago and made many acquisitions as it created an expansive portfolio of ancillary products. The company, which was owned in recent years by equity firm Francisco Partners and has struggled during that time, has been a shadow of its former self since selling its core Quantim health information management product line to Nuance Communications in September 2012. QuadraMed CEO Duncan James in recent days joined M*Modal as CEO.
After selling the HIM business, QuadraMed retained its other products covering access and identity management such as a master patient index, self-service portals and kiosks, care management and revenue cycle management applications. It also sells an electronic health records system that has not established sufficient market share. Harris Computer expects to maintain QuadraMed’s other offices in New York City, Jacksonville and Lake Mary, Fla.; and Ontario, Calif.
Daniel Desaulniers, group president of Harris Computer, declined to comment on plans for QuadraMed, saying that as a publicly traded company Harris does not answer media questions. In a letter to QuadraMed clients, Desaulniers and Harris CEO Jeff Bender pledged to “deliver upon the product road maps we have developed together.” The acquisition, they added, combines the skills, knowledge and products of QuadraMed with the long-term ownership values of Harris.
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