In what is becoming an extremely busy Mergers and Acquisition’s Monday HIMSS has announced that it has acquired healthcare technology and consulting company CapSite. The acquisition is effective today, Oct. 1, 2012.
A significant asset being acquired in this deal is the CapSite Database, which provides pricing data on vendor products and services (including proposals with actual documents) and final negotiated contract pricing. According to the release, the database contains more than 5,000 contracts across 160 categories representing 1,600 vendors with analysis of interest to chief information officers and primary buyers of information systems, products and services, as well as supply chain and acquisition executives.
“The investment in CapSite follows our overall strategy for HIMSS Analytics to provide the best market intelligence on the hardware, software and services selected by chief information officers and other users of information technology,” says H. Stephen Lieber, CAE, HIMSS President/CEO. “We will maintain the CapSite office in Burlington, Vt. with CapSite employees joining the HIMSS roster as part of the HIMSS Analytics team.”
It appears as though there will be great synergy here when the CapSite data is integrated into the services provided by HIMSS Analytics. Historically they have focused on IT processes and environments, products, information system department composition, costs and management metrics, healthcare trends and purchasing decisions. While that’s a broad spectrum of information the one thing that had been missing is the comparative pricing information that CIOs and other buyers of health IT data often need. The CapSite database offers that pricing information.
“We are excited to join together the breadth of the HIMSS Analytics platform with the depth of CapSite’s offerings to bring unprecedented insight into the healthcare technology industry,” says Gino Johnson, founder of CapSite who, along with Blain Newton, will remain with HIMSS Analytics in key executive roles.