Roper Technologies Announces Two Acquisitions

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Roper Technologies, Inc.
ROP
today announced that it has acquired two companies: RF IDeas, Inc. and Atlantic Health Partners, LLC. RF IDeas is a leading provider of proprietary identification card technology solutions that deliver workflow improvement, enable mobile workforce management and ensure compliance and security. The company's products have leading positions in healthcare single sign-on, secure printing and other mission critical applications. The management team, led by Rick Landuyt and Greg Gliniecki, will remain in place and continue to lead the business from its Rolling Meadows, IL headquarters. Atlantic Health Partners (AHP) is a Group Purchasing Organization specializing in vaccines for the physician marketplace. AHP will operate as a part of Managed Health Care Associates (MHA). Jeff Winokur, AHP's President, will continue to lead the business. "We are excited to add two more outstanding businesses to the Roper family," said Brian Jellison, Roper's Chairman, President and CEO. "RF IDeas benefits from its proprietary identification technologies and has an outstanding track record of growth in attractive end markets. AHP adds another strong network company to Roper and further builds on MHA's leadership position in alternate site health care markets." The combined purchase price for these two acquisitions is $277 million. Roper expects the two acquisitions to contribute approximately $60 million of revenue over the next 12 months.
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