MINNEAPOLIS, MN -- (Marketwire) -- 01/05/13 --
Acquisition Expands Wolters Kluwer Health's Point-of-Care Portfolio with
Medical
Terminology Management Solutions that Ease Meaningful Use & Clinical
Decision
Support Adoption
Wolters Kluwer Health, a leading provider of
information and business intelligence for professionals, students and
institutions in medicine, nursing, allied health and pharmacy, today
announced
that it has completed the acquisition of Health Language, Inc., a leader in
the
fast-growing Medical Terminology Management (MTM) market. The acquisition
further expands Wolters Kluwer Health's leadership position and
comprehensive
solutions portfolio in the point-of-care market.
The addition of MTM solutions to Wolters Kluwer Health's portfolio of
offerings
will help Wolters Kluwer Health's hospital customers as well as EMR systems
providers and payers increase adoption and use of electronic health
records,
meet Meaningful Use requirements, share critical clinical data and take
greater
advantage of technologies that can drive operational efficiencies and
improve
quality of care.
"This acquisition of Health Language is a fit with our strategy to
continually
expand our market-leading point-of-care solutions portfolio that helps
customers
around the globe realize the advantages of healthcare information
technologies -
within their business operations and at the point of care with patients,"
said
Arvind Subramanian, President & CEO, Wolters Kluwer Health Clinical
Solutions.
"Health Language is a recognized leader in the MTM field and the right
expert to
provide our customers with new levels of system interoperability to meet
current
and future healthcare information sharing needs."
Health Language's medical content terminology databases and software
solutions
enable hospitals, electronic medical record system providers (EMRs) and
payers
around the globe to manage, update and map disparate medical vocabularies
and
administrative codes used in U.S. and international settings. The company's
databases and software products include more than 180 standard
terminologies and
proprietary content sets to enable easier information sharing across many
healthcare information technology systems.
The company also provides clinical content and professional services to
enable
interoperability, web-based terminology mapping, Meaningful Use compliance
and
ICD-10 conversion, a system of coding created by the World Health
Organization
that is in various phases of implementation worldwide. Health Language is
headquartered in Denver, Colorado and has approximately 85 employees.
The agreement to acquire Health Language was announced on October 17, 2012.
Terms of the acquisition were not disclosed.
About Wolters Kluwer Health
Wolters Kluwer Health is a leading global provider of information, business
intelligence and point-of-care solutions for the healthcare industry.
Serving
more than 150 countries and territories worldwide, Wolters Kluwer Health's
customers include professionals, institutions and students in medicine,
nursing,
allied health and pharmacy. Major brands include Lippincott Williams &
Wilkins,
Ovid®, Medknow, UpToDate®, Medi-Span®, Facts &
Comparisons®, Pharmacy
OneSource®, Lexicomp® and ProVation® Medical.
Wolters Kluwer Health is part of Wolters Kluwer, a market-leading global
information services company. Wolters Kluwer had 2011 annual revenues of
EUR3.4
billion ($4.7 billion), employs approximately 19,000 people worldwide, and
maintains operations in over 40 countries across Europe, North America,
Asia
Pacific, and Latin America.
Forward-looking Statements
This press release contains forward-looking statements. These statements
may be
identified by words such as "expect", "should", "could", "shall", "will"
and
similar expressions. Wolters Kluwer cautions that such forward-looking
statements are qualified by certain risks and uncertainties that could
cause
actual results and events to differ materially from what is contemplated by
the
forward-looking statements. Factors which could cause actual results to
differ
from these forward-looking statements may include, without limitation,
general
economic conditions; conditions in the markets in which Wolters Kluwer is
engaged; behavior of customers, suppliers, and competitors; technological
developments; the implementation and execution of new ICT systems or
outsourcing; and legal, tax, and regulatory rules affecting Wolters
Kluwer's
businesses, as well as risks related to mergers, acquisitions, and
divestments.
In addition, financial risks such as currency movements, interest rate
fluctuations, liquidity, and credit risks could influence future results.
The
foregoing list of factors should not be construed as exhaustive. Wolters
Kluwer
disclaims any intention or obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events, or
otherwise.
PDF version of Press Release:
http://hugin.info/130682/R/1668321/541691.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE
[HUG#1668321]
