This acquisition will strengthen Wolters Kluwer Health’s portfolio in the growing point of care and electronic medical record markets by expanding its product and services offerings. The transaction is expected to be completed in the fourth quarter of 2008 pending regulatory approval.
Nancy McKinstry, CEO and chairman of the executive board at Wolters Kluwer, said: “UpToDate’s proven ability to leverage technology and content to help physicians make the right decision at the point of care represents a significant growth opportunity for us. This acquisition will strengthen Wolters Kluwer’s leading position in the clinical decision support market and fits squarely into our strategy for building our health business.”