Aug 3, 2012 | Laboratory Hiring & Human Resources, Laboratory News, Laboratory Operations, Laboratory Pathology, Laboratory Sales and Marketing, Management & Operations
Medical labs and pathology groups using Sunquest LIS products likely to see positive changes from Sunquest’s fourth change in ownership since 2001
In what is likely to be the biggest deal in clinical laboratory and pathology informatics for this year, Roper Industries, Inc. (NYSE: ROP), of Sarasota, Florida, will acquire Sunquest Information Systems, Inc., of Tucson, Arizona. The purchase price is an impressive $1.42 billion dollars and the deal was announced on Monday this week.
Roper Industries will get a lot for its money. Sunquest holds a significant share of the nation’s market for laboratory information systems (LIS). Sunquest has also built a substantial market share in anatomic pathology informatics, anchored by its CoPath and PowerPath products.
Sales Price of $1.42 Billion for Sunquest and Its Clinical Lab Software
What some may consider an eye-popping sales price of $1.42 billion for Sunquest demonstrates that investor interest in all aspects of the clinical laboratory testing marketplace remains strong. In its second quarter conference call, executives at Roper Industries told the financial analysts that, during 2013, they expect Sunquest to generate $140 million in EBITDA (Earnings before Interest, Taxes, Depreciation, and Amortization). If true, that would indicate that the sales price is based upon approximately a 10-times multiple of Sunquest’s EBIDTA. (more…)
Jun 11, 2012 | Compliance, Legal, and Malpractice, Digital Pathology, Instruments & Equipment, Laboratory Hiring & Human Resources, Laboratory Pathology
Pathology profession’s leading experts in lab informatics predict plenty of disruption as hospitals work to integrate their informatics systems
DATELINE—PITTSBURGH, PENNSYLVANIA: Last Friday, what I will call the All-Stars of pathology informatics and clinical laboratory information systems (LIS) came together for a one-day Strategy Summit. Disruptive forces are loose within the laboratory informatics space and participants were eager to understand these trends and develop effective responses to keep medical laboratory testing at the forefront of clinical care.
Almost 100 pathologists, laboratory informatics vendors, LIS consultants, and hospital CIOs participated. Your Dark Daily editor was here as a careful listener. The Strategy Summit was organized by the Association for Pathology Informatics (API). API President Mark Tuthill, M.D., was chair of the program. Tuthill is also Division Head, Pathology Informatics, at Henry Ford Health System in Detroit, Michigan. (more…)
Oct 3, 2011 | Instruments & Equipment, Laboratory Instruments & Laboratory Equipment, Laboratory Pathology, Laboratory Sales and Marketing, Management & Operations
Sunquest immediately becomes nation’s largest provider of clinical pathology laboratory information systems
Earlier today, a deal was announced which has major implications for the anatomic pathology informatics marketplace. Sunquest Information Systems, Inc., released the news that it acquired the PowerPath pathology information software product from the Swedish company Elekta AB. Terms of the sale were not disclosed.
The PowerPath acquisition is significant because it immediately makes Sunquest the “big dog” of pathology information systems in the United States, when measured by the number of pathology clients.
In this country, three anatomic pathology laboratory information systems make up the largest part of the market. In alphabetical order, Cerner Corporation (NASDAQ: CERN) has its CoPath product; Elekta has just sold its PowerPath product, and Sunquest has the Sunquest version of CoPath.
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May 5, 2011 | Laboratory News, Laboratory Pathology, News From Dark Daily
Record crowd of pathologists and medical laboratory managers learned about the latest trends in clinical laboratory management
Dateline: New Orleans, Louisiana—Day two of the 16th annual Executive War College (EWC) gave clinical laboratory managers and pathologists an insider’s view on the “Holy Trinity” of the ObamaCare legislation. The focus was on accountable care organizations (ACO), medical homes, and value-based purchasing.
As happened on day one, yesterday it was a sizable group that included medical technologists (MT), in vitro diagnostics (IVD) manufacturers, pathologists and lab entrepreneurs.
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Dec 29, 2010 | Laboratory News, Laboratory Pathology
Clinical Laboratory and Pathology Customers Will See Few Changes Under New Ownership
Sunquest Information Systems, Inc., has a new owner. Earlier this month, an investment consortium led by Huntsman Gay Capital paid an estimated $208 million to acquire a 51% controlling interest in Sunquest, which is based in Tucson, Arizona. Sunquest’s previous owner, Vista Equity Partners, will retain the remaining 49% of Sunquest’s stock and continue as a minority owner.
Sunquest’s flagship product is a laboratory information system (LIS) that is used by many clinical laboratory companies and hospital/health system laboratories in the United States and a number of other countries. It also sells an anatomic pathology information system, as well as other health informatics software products. The company says it has 1,400 hospital and medical laboratory customers worldwide. (more…)
