Roper Industries, a Sarasota, Fla.-based company that, among other lines of business, designs, manufactures and distributes medical and scientific imaging products and software, has acquired
two firms to broaden its product reach.
The acquisitions are Strategic Healthcare Programs, a Santa Barbara, Calif., company creating software and analytics for hospices and home health programs, and Innovative Product Achievements, a Suwanee, Ga., firm that makes automated linen and surgical scrub dispensing equipment.
Roper shares were down slightly to $150.25 in early afternoon trading, off 58 cents for the day, the day following announcement of the deals.
Roper's Medical & Scientific Imaging segment had net sales of $902 million in its fiscal 2013, 27.9% of the firm's total net sales. That segment sells products such as minimally invasive surgical products, and ultrasound and intubation devices.
Innovative Product Achievements says 300,000 clinicians use its products every day, and it counts hospital systems such as Massachusetts General Hospital and Stanford Hospital & Clinics among its customers.
Strategic Healthcare Partners makes software and analytics for hospices and home care. Early in August, the firm rolled out a new product line, focusing on automating and reporting Hospice Quality Reporting Program scores to the CMS, which mandated data submission of the scores by April 1, 2014.
The company says
the product will allow hospices to detect and address problems more rapidly.
While Roper didn't break out its investments in the two latest acquisitions, its Tuesday announcement of the deals did say that “including the previously announced Foodlink software acquisition, Roper has invested $303 million in acquisitions during the third quarter.”Follow Darius Tahir on Twitter: @dariustahir