NetDimensions Acquires eHealthcareIT, Launches Healthcare Division
NetDimensions has acquired eHealthcareIT in line with its strategy to become a premier global provider for talent management solutions for highly-regulated industries.
NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, announces today that it has acquired the assets, goodwill and business of eHealthcareIT for a total consideration of approximately US$3.5m. The acquisition is in line with NetDimensions’ strategy to become a premier global provider for talent management solutions for highly-regulated industries.
Founded in 2004, eHealthcareIT specializes in providing e-learning and compliance solutions to the U.S. healthcare market. eHealthcareIT's solutions comprise of specialized healthcare training content that is delivered via the NetDimensions Talent Suite to clients ranging from multiple hospital organizations with over 20,000 employees to single standalone hospitals. eHealthcareIT solutions help address Corporate, HIPAA, and Joint Commission compliance requirements. The company has been a leading partner & reseller of the NetDimensions Talent Suite platform during the last six years.
The eHealthcareIT business will immediately become NetDimensions Healthcare, a dedicated division of NetDimensions Holdings that will provide talent, learning, and compliance management solutions specifically to the U.S. & international healthcare market. Ken Wright, founder & CEO of eHealthcareIT, will stay on with the new combined company and become President of NetDimensions Healthcare.
The healthcare industry in the U.S. is currently undergoing tremendous change. Healthcare reform is driving up demand for healthcare services and is changing the way in which healthcare institutions operate, with a renewed focus on clinical outcomes, patient satisfaction, and organizational efficiency. These same dynamics can be found in the International healthcare market, for example, recent events in the UK have prompted the government to commit to improved training for nurses and healthcare assistants and to appoint a new Chief Inspector of Hospitals to ensure compliance with standards of care. In this landscape, the role of learning & talent management is becoming critical in order to enable healthcare organizations to address current skills shortages and align their workforce with regulatory changes.
Ken Wright, founder and CEO of eHealthcareIT, commented: “NetDimensions top quadrant learning and talent management solutions deliver technologies vastly superior to traditional healthcare-focused learning solution vendors. This merger will bring forward an exciting organic and integrated solution set geared toward the learning, talent, and compliance management needs of healthcare entities, their staff, contractors, vendors, patients, and the community they serve.”
Matthew Chaloner, NetDimensions CFO, commented: “The acquisition of eHealthcareIT is giving us a very strong foothold into the US healthcare market and a great opportunity to grow this business very quickly at a global scale by leveraging our worldwide presence, established sales force, and expanding product portfolio. We have been working closely with the eHealthcareIT team for over 6 years and we are confident we will be able to integrate their business within NetDimensions at a rapid pace.”