WEYMOUTH, MA – Beacon Partners, a healthcare management consulting firm, has acquired Healthcare Innovative Solutions, a Seville, Ohio-based consulting firm which offers customized products and services for clinical system implementations and workflow transformation to hospitals.
Executives say that Healthcare Innovative Solutions' substantial Siemens experience will help expand Beacon Partners’ current vendor expertise.
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“Healthcare Innovative Solutions is a terrific complement to our service offering and will broaden our overall scope by providing clients an increased CPOE/EHR capability,” said Ralph P. Fargnoli, Jr., president and CEO of Beacon Partners. “Healthcare organizations are turning to us now more than ever to assist them with Meaningful Use requirements and overall IT adoption, and consequently, CPOE and EHR implementation are both crucial to their success."
He added that "the timing was right to add Siemens implementation and optimization expertise and to expand our overall clinical advancement capabilities.”
Daniela Mahoney, RN, president and CEO of Healthcare Innovative Solutions said that, "in evaluating the alignment with another consulting firm, it was critical to carefully weigh synergy in business models and cultural fit. Healthcare Innovative Solutions and Beacon Partners have a shared commitment to excellence in quality and closely paralleled core values.”
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“Our relationship with Beacon Partners positions each of us for continued growth,” added Lorn Mahoney, COO of Healthcare Innovative Solutions. “This will take Healthcare Innovative Solutions to a new level by allowing excellent growth opportunities for our internal staff, additional efficiencies and economies of scale.”
The acquisition will increase both Beacon Partners’ revenue and employee base by 15 percent, say officials. As both companies are privately held, specific terms of the transaction were not disclosed.
"The acquisition of Healthcare Innovative Solutions is part of Beacon Partners’ growth strategy over the next few years,” continued Fargnoli. “We will continue to evaluate how we can enhance our service offering to our clients and the industry by taking advantage of opportunities that present themselves as a result of ARRA and healthcare reform.”
