A Medical Device Daily
Healthland (Glenwood, Minnesota) reported it has successfully completed its acquisition of American Healthnet (AHN; Omaha, Nebraska). This is Healthland's second acquisition in a single year Specific details of the AHN acquisition were not disclosed.
American Healthnet, founded in 1980, provides healthcare information systems to help hospitals efficiently manage critical information and decision processes to enable quality and cost-effective patient care. Both Healthland and AHN serve virtually the same market and, as a result of the acquisition, Healthland will acquire all of AHN's customers.
In addition to its market leadership in small community hospitals, Healthland said it is experiencing strong momentum in the marketplace. The company is reporting strong sales with record revenue in the past several fiscal quarters, new business contracts are up significantly and win rates have improved dramatically. Moreover, this is the HIT provider's second acquisition in one year and most recently, the healthcare research firm, KLAS, reported that Healthland scored higher than all other vendors in its 50-bed-and-under hospital market study. Healthland solutions enable small community hospitals to deliver the best in healthcare by helping to create one patient chart across the community, be it a hospital, clinic, home healthcare or long term care facility.
In other dealmaking activity, Surgical Care Affiliates (SCA; Birmingham, Alabama), one of the country's largest providers of specialty surgical services, reported the completion of a joint venture transaction with Hawaii Pacific Health Partners (HPHPI; Honolulu) to construct and operate a new outpatient surgery center in downtown Honolulu.
Under the terms of the agreement, SCA and HPHPI are joint owners of ASC Pacific Ventures, which now has a majority ownership interest in the existing Surgicare of Hawaii located at 550 South Beretania Street. The j-v will relocate the surgery center to a new facility to be built in the Waterfront Plaza development on Ala Moana Boulevard.
The surgery center plans to offer an array of surgical services, including orthopedics, pain management, ophthalmology, general surgery, otolaryngology, urology, obstetrics/gynecology, plastics and podiatry. SCA will provide day to day management services to the center.