Netsmart Technologies, a Great River, N.Y.-based software developer and information technology provider for healthcare organizations, has acquired Sequest Technologies, an electronic health-record software provider.
Netsmart Technologies buys Sequest
Financial terms of the deal were not disclosed, according to a Netsmart spokesman.
Netsmart works with providers, small group practices and more than 40 state systems, according to a Netsmart news release (PDF) announcing the deal. Lisle, Ill.-based Sequest's clients include health organizations that provide substance-abuse treatment, child and family services and social services. Sequest's technology also is used by private inpatient psychiatric hospitals and smaller behavioral-health provider organizations.
The acquisition is expected to advance Netsmart's efforts to develop a national clinical and operational benchmarking service, according to the release. Earlier this year, Netsmart named Michael Valentine, a former Cerner Corp. executive, as CEO.
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