InfoLogix acquired by Stanley Black & Decker
InfoLogix, Inc., a provider of enterprise mobility and wireless asset tracking solutions for the healthcare industry, announced Thursday that it will be acquired by Stanley Black & Decker for approximately $61.2 million.
Stanley's addition of InfoLogix helps bolster its healthcare growth platform, bringing an established provider of mobile workstations and asset tracking solutions into the fold. As part of Stanley Healthcare Solutions, InfoLogix’s business will be well-positioned to extend its reach in healthcare and commercial markets by having access to the resources, brand equity and global supply chain of a S&P 500 company.
“By combining InfoLogix’s technologies, solutions and customer relationships together with Stanley’s suite of healthcare products and services, intellectual property and global presence, we will be uniquely positioned in the healthcare and mobility marketplaces,” said Dave Gulian, president and CEO of InfoLogix. “InfoLogix has enabled 2,200 healthcare and commercial organizations to make better decisions, mobilize their data investments, and manage their systems and supply chain. We look forward to joining with Stanley and driving accelerated growth while extending our services globally.”
Brian Kaner, CFO and COO of Stanley Convergent Security/Healthcare Solutions, said InfoLogix's strategic technology consulting services "will enable Stanley Healthcare Solutions to assist clients in improving workflow, productivity and profitability through complete enterprise mobility solutions. With a strong leadership team and talented employee base, we plan to leverage InfoLogix’s expertise in mobility solutions, clinical integration services, and mobile managed services in expanding our growing security and healthcare businesses.”
The transaction, which is subject to various closing conditions, is expected to close early in the first quarter of 2011.