A Medical Device Daily
Affiliated Computer Services (ACS; Dallas), a provider of business process and information technology outsourcing solutions, has completed its previously announced acquisition of Superior Consultant Holdings (Dearborn, Michigan), a provider of IT consulting services and solutions to the healthcare industry (Medical Device Daily, Dec. 21, 2004).
ACS completed the acquisition through a cash tender offer of $8.50 a share and a subsequent merger of a wholly owned subsidiary with and into Superior.
Superior's services and solutions include IT and business process outsourcing services, facilities and applications management, network monitoring and help desk services. Its clients include hospitals and health systems, integrated delivery networks and other providers of care, technology firms, health plans, and state and federal government agencies.
The 20-year-old company has more than 700 employees at its Dearborn headquarters and in offices in California, Connecticut and Pennsylvania.
“ACS believes that the addition of Superior's consulting and outsourcing capabilities is a key ingredient to effectively delivering a full suite of services to the healthcare provider market,“ said Jeff Rich, CEO of ACS. “Superior's industry-leading, solution-driven outsourcing services improve the performance of hospitals, health systems and healthcare providers.“
ACS, which has more than 43,000 employees supporting client operations in nearly 100 countries, provides business process and information technology outsourcing solutions to commercial and government clients.
As a result of the merger, all outstanding shares of Superior common stock not tendered and accepted for payment in the ACS tender offer were converted into the right to receive $8.50 per share in cash.
Mellon Investor Services, the depositary for the tender offer and the disbursing agent for the merger, will mail to non-tendering shareholders materials necessary to exchange Superior stock certificates for such payment.
Superior shares were delisted from the Nasdaq National Market and ceased to be traded at the close of business on Jan. 27.