Affiliated Computer Services, Dallas, said it has acquired Bowers & Associates, a provider of care and productivity management services and healthcare data analytics, for $8 million upfront, with additional payments based on future financial performance. ACS, which provides state healthcare program administration, used available cash to fund the acquisition. All employees of Bowers have been offered employment with ACS.
Bowers & Associates, Franklin, Wis., holds four accreditations from the not-for-profit Utilization Review Accreditation Commission, and its expertise will bolster ACS' ability to manage high-risk beneficiaries, according to ACS. Bowers recorded revenue of $6 million over the past 12 months. -- Vince Galloro