Roper Industries Announces Two Medical Acquisitions; Strategic Healthcare Programs And Innovative Product Achievements
Roper Industries, Inc. (NYSE: ROP) today announced that it has acquired Strategic Healthcare Programs, LLC (SHP) and Innovative Product Achievements, LLC (IPA). Both companies will become part of Roper's Medical and Scientific Imaging segment.
SHP, headquartered in Santa Barbara, CA, is a leading provider of software and informatics solutions to the post-acute healthcare market. SHP delivers data-driven insight to over 3,000 post-acute organizations, such as home health, hospice and home infusion. SHP's SaaS-based analytics platform aggregates, analyzes and benchmarks clinical, financial, operational and patient satisfaction data into actionable information to enable performance measurement and improvement.
IPA, headquartered in Suwanee, GA, is the leading manufacturer of automated surgical scrub dispensing equipment for acute care hospitals and other healthcare providers. IPA's solutions increase hospital productivity and provide tangible cost savings by reducing replacement and processing costs for scrubs and linens. IPA's products are installed in over 650 hospitals throughout North America.
"We are pleased to add these two outstanding businesses to our growing Medical platform," said Brian Jellison, Roper's Chairman, President and CEO. "Both SHP and IPA have market-leading technology, excellent customer focus and terrific management teams that will remain in place. We welcome the employees of both of these companies to the Roper family."
"SHP's leading SaaS analytics platform expands our position and provides new opportunities in alternate site healthcare markets, further building on the positive momentum from last year's acquisition of Managed Health Care Associates," added Neil Hunn, Group Vice President for Roper's Medical companies. "IPA has developed an excellent reputation as a product and technology innovator, providing strong financial benefits to its hospital customers."
Including the previously announced Foodlink® software acquisition, Roper has invested $303 million in acquisitions during the third quarter. The company expects the acquisitions to be accretive to 2015 earnings.
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