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news.Teams to offer and provide expanded toolset to the customers
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MedAssurant has acquired Catalyst Information Technologies (Catalyst Technologies). The combined teams will offer and provide to customers the expanded toolset immediately.
Reportedly, the acquisition, which closed effective September 11, 2009, was made through a combination of MedAssurant cash and common stock. MedAssurant carries no long-term debt and no debt or outside financing was used for the financing of the acquisition.
Scott Groussman, CEO of Catalyst Technologies, said: “We are extremely pleased to be joining with MedAssurant, combining our software tools and proven capabilities in clinical and quality analytics together with MedAssurant’s broader platform of data-driven interventions.
We see this providing the marketplace an advanced generation of healthcare solutions – one focused not only on measurement and reporting, but also on meaningful impact and improvement. We are very excited about the expanded capabilities that we see this union bringing our customers and the healthcare community at large.”