Wolters Kluwer Health To Acquire Health Language, Inc., A Leader In The Medical Terminology Management Market
"Over the past 12 years, we have built trusted solutions for healthcare providers, payers and EHR vendors to address data management challenges—from legislative measures and new care models, to data analysis and enhanced decision support," said George Schwend, President and CEO of Health Language. "We are energized by this new chapter with Wolters Kluwer Health and look forward to supporting their focus on further extending their industry reach and offering the most robust point-of-care products and services available in the market."
The company's products and services are highly complementary with those of Wolters Kluwer Health, which is an industry leader in providing a comprehensive suite of point-of-care products and services, including evidence-based clinical disease and drug information knowledge platforms, clinical documentation software and clinical surveillance and pharmacy productivity software solutions.
Health Language is headquartered in Denver, Colorado and has approximately 85 employees.
The transaction is subject to customary closing conditions, including the receipt of required regulatory approvals. Terms of the acquisition were not disclosed. For more information on Wolters Kluwer Health, visit www.wolterskluwerhealth.com. For more information on Health Language, visit www.healthlanguage.com.Triple Tree, LLC acted as exclusive advisor to Health Language, Inc. About Wolters Kluwer Health Wolters Kluwer Health ( Philadelphia, PA) 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 €3.4 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. SOURCE Wolters Kluwer Health
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