Emergency medical response systems maker Physio-Control, formerly a Medtronic (NYSE:MDT) subsidiary, acquired healthcare software services provider Sansio in a closed-doors deal.
Minnesota-based Sansio provides information management software systems, promising to help improve financial, clinical, regulatory and financial performance in healthcare environments. The company’s flagship products include the HomeSolutions.NET operations and administrative services and HealthEMS remote field data collection, management and reporting systems.
Washington-based Physio-Control provides emergency medical response solutions that help to predict or intervene in life-threatening emergencies, including its LIFENET clinical information sharing system and CODE-STAT data review and analysis program.
"This merger is a key part of a broader data strategy for Physio-Control," company president & CEO Brian Webster said in prepared remarks. "Data acquisition, movement, and analysis have become essential to our customers’ operations and we will soon be able to offer them more integrated data solutions. While our existing data solutions are industry-leading, we believe now is the right time to invest to expand our portfolio and take a much stronger position in this area of our business."
The future, as Physio-Control sees it, involves a closer relationship between medical devices and data systems, allowing seamless data transfer between hospitals, emergency responders and home health systems.
Physio-Control was once under the purview of medtech titan Medtronic, which sold the business to Bain Capital in January 2013 for $478 million in cash. Fridley, Minn.-based Medtronic’s CEO Omar Ishrak said in October 2011 that the company was considering selling Physio-Control, with an eye toward equity markets.
Medtronic began shopping the business in 2006, saying it would do better as a stand-alone operation. But Physio-Control remained a headache since the company 1st announced its desire to sell, due to a series of recalls in 2009 and 2010. Medtronic agreed to offload Physio-Control to Bain just a few weeks later.
