TekLinks Acquires Healthcare MSP Business10:45 AM EST Wed. Apr. 03, 2013
TekLinks, a Birmingham, Ala.-based MSP and winner of last year's SP 500 Managed Services Award, has agreed to acquire the managed services business of ClinicAnywhere (formerly ETG).
The acquisition will further entrench TekLinks into the health-care vertical market and set the company up for further growth, said David Powell, vice president of managed and cloud services at TekLinks, who worked at ETG for six-and-one-half years before joining TekLinks.
"We've talked with them a lot over the last couple years about would it make sense to buy them, not to buy them. Now was a good time," Powell said. "They have a high-touch, hiqh-quality service-delivery model. Their support team is very hands-on, customer-focused. Second, they have industry expertise. It's a whole lot easier if you have people who know health care and you can supplement that with technical knowledge than taking a tech person and teach them health care."
Terms of the deal were not disclosed.
ClinicAnywhere did not sell its practice-management and electronic health-record application business nor its medical billing company and CEO Mike Jones will remain with the ClinicAnywhere business to lead that going forward. The managed services practice that TekLinks acquires will be rebranded TekLinks HSG (Healthcare Services Group) going forward, according to TekLinks.
"We have our own data center and cloud offerings. As [ClinicAnywhere's] existing [managed services] customers become cloud ready or are ready to make their next move, we have the ability to bring them into our cloud," Powell said.
TekLinks, which won for Best Managed Services in August 2012, will continue to seek M&A opportunities, Powell said.
"This was a vertical play. We're still looking for [geographic] plays too," he said.
PUBLISHED APRIL 3, 2013