Fidelity National Financial Inc. (NYSE: FNFV) has agreed to buy medical software and documentation provider T-System Holdings for $200 million. The buyer will seek additional acquisitions to help grow the target.
T-System, based in Dallas, develops information software for emergency room physicians to make it easier for them to diagnose and treat patients. In addition, the T-System's technology is designed to assist healthcare providers assess performance and meet regulatory compliance. "We can assist T-System in making multiple acquisitions that can accelerate future growth," says Fidelity chairman William Foley.
Jacksonville, Florida-based Fidelity provides title insurance and other financial services to the real estate and mortgage sectors through its Black Knight Financial Services and ServiceLink Holdings subsidiaries. Fidelity recently agreed to merge casual dining chain 99 Restaurant & Pub with J. Alexander’s Holdings Inc. (NYSE: JAX).
In other healthcare technology deals, EQT has agreed to acquire a majority stake in healthcare technology provider Certara; Francisco Partners' eSolutions is purchasing data analytics firm RemitDATA; and New Mountain Capital-backed Ciox Health acquired data service company Arrohealth.