Quintiles has signed an agreement to acquire Encore Health Resources, a health-information analytics and technology services company focused on performance-improvement initiatives. Encore has more than 300 employees throughout North America, including approximately 250 consultants. Its primary business centers on implementation and advisory services for electronic health records (EHR). Financial terms were not disclosed.
“Today’s announcement signifies the increasing importance of leveraging EHR and real-world information to inform our customers and improve their probability of success,” said Tom Pike, chief executive officer at Quintiles. “Encore has significant EHR expertise, strong relationships with many large U.S. provider networks and academic medical centers as well as experienced consultants, proven tools, and methodologies. It will be a key strategic addition for our business that will extend our services suite and allow us to work with Encore to strengthen its provider-focused solutions.”
“Today is the beginning of an exciting new chapter for Encore,” said Dana Sellers, chief executive officer, Encore. “Encore was founded with a focus on driving value through data to improve performance and clinical outcomes. I believe that this focus and our vision for the future align well with Quintiles. We will be joining a global leader, and we look forward to working together to help deliver further advancements in healthcare.”
The transaction, subject to customary closing conditions, is expected to close in 2Q14. Encore will join Quintiles’ Integrated Healthcare Services segment as Encore, A Quintiles Company.