, Waukesha, Wis., is acquiring Hartford, Wis.-based API Healthcare
, a workforce-management and data-analytics
firm, GE Healthcare announced. Terms were not disclosed. The purchase is expected to close in the first quarter of this year.
API Healthcare's asset optimization software, including products for staffing, scheduling, patient classification, human resources, talent management, payroll, time and attendance and business analytics, will help GE clients “address a significant portion of hospital operations costs—assets, patients and labor—with a mix of software, real-time data, powerful analytics and professional services,” said Michael Swinford, president and CEO of GE Healthcare Services
, in a news release.
“Healthcare productivity is more important than ever for hospitals as more patients enter the system and operational costs continue to climb,” said John Dineen, president and CEO of GE Healthcare. “In addition to clinical systems, hospitals need operational management systems to drive enterprise-wide efficiencies, reduce unnecessary costs and enable improved patient care. Over the next 5 (to) 7 years, we believe sales of these systems will accelerate towards double-digit growth, and GE Healthcare will lead the way,” Dineen said.
API Healthcare's offerings are seen as complementary to GE Healthcare's current Hospital Operations Management portfolio of offerings that give hospitals real-time access to operational data, the company said.
API Software was owned by Francisco Partners II LP, a San Francisco technology private equity firm.Follow Joseph Conn on Twitter: @MHJConn