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Mediquant Completes Acquisition Of Knowledge Based Systems (Kbs)

Oct 27, 2022•about 3 years ago

Acquiring Company

MediQuant

Acquired Company

Knowledge Based Systems

Health CareInformation TechnologySoftware

Description

MediQuant, LLC, a leading provider of enterprise data archive technology for the healthcare industry and creator of DataArk®, is pleased to announce the acquisition of Knowledge Based Systems, Inc. (KBS), a privately held company located in the Dulles Technology Corridor of Washington, D.C.

Company Information

Company

MediQuant

About

Founded in 1999 and headquartered in Brecksville, Ohio, MediQuant is the leader in enterprise active archiving solutions for hospitals and health systems. The Company’s flagship product, DataArk®, is a solution that assists hospitals in retiring legacy clinical and patient accounting platforms while maintaining access to critical data via a cloud-based software platform. Active archiving grants users the necessary functionality of a legacy system without the expense and risks. Data is kept active for quickly retrieving files, easily updating old records and continuing to bill accounts. MediQuant serves 250+ individual health systems, which represent more than 1,100 hospital and physician practice customers. For more information, visit www.mediquant.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed