Lexmark acquires Acuo Technologies

Acquisition worth about $45 million

Lexmark International has acquired software and services for clinical content management, data migration and vendor neutral archives (VNA) provider, Acuo Technologies, for about $45 million in cash.

Acuo Technologies will become a part of Perceptive Software, a Lexmark company.

According to Lexmark, the acquisition will enable Acuo Technologies, when combined with Lexmark's Perceptive Software healthcare software solutions, deploy a single, enterprise-wide access platform for clinical content via any electronic medical record (EMR) system.

It added the companies will offer a unique set of technologies to the health care sector—enterprise content management (ECM), VNA with clinical content viewing, and database conversion—that combine to manage the entire range of content within the health care enterprise.

"Physicians will have immediate access to all patient information from directly within the EMR, regardless of the department in which it was conducted or the technology used to create and store it,” Perceptive Software president and CEO and Lexmark vice-president, Scott Coons, said.

"This data is then presented in the context of the patient, so when the physician pulls up a patient record in the EMR, all clinical content living outside that record is presented," he mentioned.

Lexmark chairman and CEO, Paul Rooke, said the four acquisitions it has completed in 2012 further strengthen and differentiate its health care offerings as the health care IT market continues to expand at a rapid pace.

He added that Lexmark's capital allocation framework is to pursue acquisitions that support growth and increase software and solutions capabilities, while returning more than 50 per cent of free cash flow to shareholders, on average, through quarterly dividends and share repurchases.

Since mid-2011, Lexmark has returned to shareholders more than $500 million in the form of dividends and share repurchases.

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