07:17:05 EDT Tue 30 Apr 2024
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Constellation Software Inc
Symbol CSU
Shares Issued 21,191,530
Close 2024-01-05 C$ 3,348.61
Market Cap C$ 70,962,169,273
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Constellation Software's Harris acquires Medhost

2024-01-08 14:01 ET - News Release

Ms. Santina Allen reports

HARRIS ACQUIRES MEDHOST, A PROVIDER OF CLINICAL AND FINANCIAL SOLUTIONS AND SERVICES FOR COMMUNITY, RURAL HOSPITALS

Constellation Software Inc.'s N. Harris Computer Corp. has strengthened its health care suite by acquiring Medhost Inc., a leader in electronic health record (EHR) and health care IT (information technology) solutions. This acquisition includes Medteam Solutions, a service provider specializing in application, revenue cycle, IT and security management.

Medhost provides clinical and financial solutions, including an integrated EHR, to enhance patient care and financial success. These offerings include, but are not limited to, digital patient management, mobile solutions, emergency department, perioperative and anesthesia management, and enterprisewide interoperability. Additionally, Medhost offers a customizable solution for rural health facilities to help transition to and maintain rural emergency hospital designation.

"Medhost and its dedicated employees have built strong relationships and partnerships in community health care across the U.S. With this acquisition, our objective is to ensure an environment where those partnerships continue to thrive," said Harris portfolio leader Santina Allen.

Stephanie Sames, executive vice-president for Medhost, added: "While we celebrate 40 years of providing patient care solutions for community and rural health care, we are looking forward. The future with Harris is full of opportunities, given a mutual commitment to operational excellence."

Harris will continue to operate Medhost as a stand-alone business headquartered in Franklin, Tenn.

OM Partners LLC served as the exclusive financial adviser to Medhost.

About Medhost Inc.

For over 40 years, Medhost has provided products and services to health care facilities of all types and sizes. Today, health care facilities nationwide partner with Medhost to enhance patient care and operational excellence with its clinical and financial solutions, including an integrated EHR solution. Medhost offers a comprehensive emergency department information system with business and reporting tools. Through unparalleled support and cloud platform solutions, Medhost makes it easy for health care facilities to focus on what's important: their patients and business.

About Medteam Solutions Inc.

Medteam provides services to health care facilities of all types and sizes nationwide, partnering with them to help accelerate their clinical, financial and operational success. Its services include revenue cycle management, application configuration and management, integration management, information security services, and education and training.

About N. Harris Computer Corp.

Harris acquires software companies, manages them using industry best practices and builds them for the future. Through acquisitions, the company has grown tremendously since its origins in the utilities sector. Harris now operates over 230 businesses worldwide in over 20 industries, including health care, education, retail and financial services. Harris is an operating group of Toronto-based Constellation Software, one of North America's most active acquirers of software businesses.

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