GE Healthcare will acquire health industry workforce management software vendor API Healthcare for an undisclosed sum. The vendors expect the deal to close during the first quarter of 2014.

Waukesha, Wis.-based GE Healthcare believes labor costs represent more than half of hospital operating budgets and the acquisition targets helping providers lower those costs, says Michael Swinford, president and CEO. Hartford, Wis.-based API sells staff and scheduling, patient classification, human resources, talent management, payroll, and time/attendance software, along with supporting data analytics. The company has more than 1,600 hospital and staff agency clients.

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