Achieve merges with Patient Technologies. (Market Watch).
Financial terms of the merger were not disclosed.
The new company's objective is to establish itself as an industry leader in innovative and meaningful new products and services, according to Achieve Healthcare Technologies President Rich Giddings.
Eden Prairie, Minn.-based Achieve Healthcare Information Systems was the largest privately held information systems provider in the industry. Patient Technologies Inc. is an application services provider and software developer with considerable background in long term care based in Dallas.
The merger emphasizes Achieve Healthcare's objective of offering complete information systems, products and services for the long term care industry that will enhance facilities' ability to operate despite the challenges of today's increased regulatory environment, complex reimbursement procedures, liability issues and weak labor market, according to Giddings.
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|Publication:||Contemporary Long Term Care|
|Article Type:||Brief Article|
|Date:||Dec 1, 2002|
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