InfoLogix Acquires Healthcare Informatics Associates Inc. (HIA)
Tuesday, October 2, 2007
Adds Premier
Healthcare Consulting Firm and Systems Integrator
InfoLogix Cements Position as Leading ‘Single Source’ Provider for
Healthcare Technology Based Mobility Solutions
HATBORO, PA – October 2, 2007 – InfoLogix, Inc. (NASDAQ: IFLG), a
leading technology provider of mobile enterprise solutions for the
healthcare and commercial industries, announced today that it has
acquired Healthcare Informatics Associates, Inc. (HIA), a leading
management and clinical/financial systems consulting company dedicated
to the healthcare industry. The HIA business will operate within the
InfoLogix organization as the company’s healthcare consulting and
systems integration service line.
Privately-held HIA provides a valuable skill set to healthcare
organizations: a team of senior healthcare informatics consultants who
are also certified healthcare practitioners, most with over 20 years of
combined experience. Personnel include Registered Nurses, Pharmacists,
Ancillary Clinicians, Physician Assistants, Revenue Cycle Personnel,
Administrative Systems Personnel, Technical Interface/Report Writing
Personnel, Clinical Transformation Specialists, Engineers specializing
in ROI/Benefits Realization/Work Redesign and Certified Project
Managers. These consultants have sought-after expertise in healthcare
technology system implementations such as Epic, GE/IDX, MEDITECH,
Siemens and Eclipsys.
InfoLogix’s customer base now includes more than 20% of all hospitals
in the United States, and the company’s rapidly growing footprint now
includes healthcare and mobility experts in 27 states across North
America. Demand for Healthcare consulting and systems integration
continues to witness tremendous growth as the total healthcare
consulting marketplace is projected to exceed $30 billion by 2010
according to analyst estimates.
"More than 1,400 hospitals rely on InfoLogix as their enterprise
mobility partner, and we believe the addition of HIA will enable us to
expand the strategic value of our current and future customer
relationships," said David Gulian, President and CEO of InfoLogix. "InfoLogix’s
expertise in healthcare mobility solutions, together with HIA’s
combination of IT and clinical experience, provides us with exceptional
depth to directly address the core business issues of hospitals across
North America as a premier management consultant and systems
integrator."
Headquartered in metro Seattle, WA., HIA was founded in 1992 and its
50+ employees have more than 200 successful implementations to their
credit, as well as a strong record of repeat business that includes 16
active engagements. HIA’s business is profitable and InfoLogix expects
the transaction to be accretive to 2007 earnings.
Mary Ann Bartley, HIA founder and Executive Vice President, will be
joining InfoLogix as Executive Vice President of Healthcare Consulting
Services. Mary Ann Bartley has 30 years’ experience in clinical and
business systems, including 12 years as Director of Clinical Systems for
a 600 bed teaching hospital. Gerry Bartley, President and CEO of HIA,
will be joining InfoLogix as Executive Vice President and Managing
Director of Healthcare Consulting Services. A 30-year veteran of the
healthcare industry, Mr. Bartley has served in senior management
positions on all sides of healthcare delivery, including CIO of two
major medical centers.
“We are very excited to be joining InfoLogix and see great synergies
between our companies because of our outstanding consultants, our mutual
premier clients and InfoLogix’s cutting edge solutions for the
healthcare market,” said Mary Ann Bartley.
“I look forward to working with David and the rest of the InfoLogix
senior management team and prestigious board, as we look to empower
healthcare providers and patients with better information through the
advent of better technology, systems and processes. Our products and
services are very complementary, and are focused on improving health
care delivery, patient safety and the availability of secure and
accurate patient information,” stated Gerry Bartley.
“I am honored to make HIA part of the InfoLogix enterprise and bring
two accomplished entrepreneurs on board as senior executives as we seek
to enable the digital hospital of the future,” said Gulian.
About InfoLogix, Inc.
InfoLogix is a leading provider of technology and RFID based
intelligence solutions that enable the mobile enterprise. InfoLogix uses
the industry's most advanced technologies to increase the efficiency,
accuracy, and transparency of complex business and clinical processes
for the healthcare industry and the commercial marketplace. With 19
issued patents, InfoLogix provides mobile managed solutions, on-demand
software applications, mobile infrastructure products, and strategic
consulting services to over 2,000 clients in North America including
Adventist Health, Universal Health Services, Stanford School of
Medicine, Kraft Foods, Merck and Company, General Electric, News America
Corporation and Mercedes Benz. Founded in 2001 and headquartered in
suburban Philadelphia, PA, InfoLogix has been named the sixth fastest
growing new business in the United States for the last three years by
Entrepreneur Magazine. InfoLogix is a publicly-traded company (NASDAQ:
IFLG). For more information, visit www.infologixsys.com.
About Healthcare Informatics Associates, Inc.
Healthcare Informatics Associates, Inc (HIA) is a Management and
Systems Consulting Company dedicated to the Healthcare Industry.
Organized and incorporated in 1992, HIA has established an enviable
track record of helping clients be significantly more successful in the
use of their information systems. HIA employs highly skilled senior
consultants, most with over 20 years of combined experience in
consulting, information systems, and clinical healthcare disciplines.
Each consultant has been actively involved in multiple clinical,
administrative, technical and revenue cycle system implementations. Only
experienced, highly skilled consultants are assigned to clients. HIA is
headquartered in Bainbridge Island, Washington. For more information,
visit
www.hia-inc.com
Principals of Fairmount Partners acted
as advisors to InfoLogix in this transaction.