Information technology and services company Ingenix has signed a merger agreement to acquire Wakefield, Mass.-based Picis, which provides health information solutions for the high-acuity areas of hospitals.
Terms of the deal were not disclosed.
Subject to regulatory approval and other customary closing conditions, the transaction is expected to close in the third quarter, according to the July 22 announcment.
Ingenix is best known for its work with health intelligence and analytics throughout the healthcare system. Combining with Picis strengthens its position in the delivery system, where it serves nearly 6,000 hospitals with consulting, technology and outsourcing solutions. Picis specializes in providing enterprise software to the high-acuity areas of hospitals, which include the emergency department, surgical suites (ORs and recovery rooms) and intensive care units. Its acquisition will extend Ingenix’s capabilities into the high-acuity information systems market.
