Xerox (NYSE: XRX) has acquired Healthy Communities Institute.
The Berkeley, California-based-target operates a cloud-based Software-as-a-Service that provides community health and socioeconomic information to hospitals, public health agencies and community coalitions. The software aims to help providers understand community demographics, risk factors and disease distribution. Terms of the transaction were not disclosed.
“The Affordable Care Act and demand for improved quality of care are factors driving opportunities for Xerox, and population-based insights are critical as the healthcare system shifts to a value-based model,” said Justin Lanning, senior vice president at Midas+, a Xerox company that provides medical software.
The ACA has been behind many of the deals we've seen in the health care space, especially technology deals. With an increase in patients, care providers are looking for ways to serve the population, improve patient outcomes and decrease costs. For more, see 5 Technologies That Drove Health Care M&A in 2014.
This isn't Norwalk, Connecticut-based Xerox's first health care-related purchase. In June 2013, the business bought LearnSomething Inc., which provides e-learning services to the food, drug and health care industries.