Business

IBM acquires HealthLink

NEWS IN BRIEF — Posted July 4, 2005

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IBM says it has acquired health care information technology consulting company HealthLink in a multimillion-dollar deal, though it did not state the specific purchase price.

Healthlink, in its annual report, noted 2004 revenues of $65 million, more than double what they were in 2000. Chief Executive Ivo Nelson told the Houston Chronicle that the privately held company is expected to have $100 million in annual revenues this year, driven by hospital clients' desire to automate their systems.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2005/07/04/bibf0704.htm.

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