Bellevue, WA December 22, 2009 Corum Group Ltd. announced the acquisition of its client Clearview Staffing Software, Inc. of Dallas, Texas by API Healthcare, of Hartford, Wisconsin on December 21, 2009. API Healthcare acquired Clearview Staffing Software in a strategic effort to strengthen its human capital management solution suite. Corum Group Ltd., the leader in merger and acquisition services for software and information technology companies worldwide with offices in eight countries, advised Clearview Staffing Software in the transaction.
Were excited for our client, Clearview Staffing and for the companys founders, David Gorman and John Pencsak as they assume their new roles in the business. This transaction marks a major milestone in the successful development of the company. We share their enthusiasm for the excellent market positioning and the huge potential of the combined organization explained Jeff Brown, Gulf Coast Regional Director of the Corum Group.
The synergy created by adding Clearviews products to the API Healthcare suite supports our vision of providing an integrated, healthcare-focused solution that addresses the challenges around optimizing workforce utilization, said J.P. Fingado, president and chief executive officer of API Healthcare. Hospitals and agencies recognize that there is a great deal of inefficiency and tension inherent in their current relationships. Our combined solutions and technology give us the unique ability to address these issues by maximizing operational efficiencies and streamlining workflows, thereby improving hospital-agency relationships.
API Healthcare is delivering on its vision to optimize human capital by building a complete suite of solutions focused on making it easier to place healthcare workers in the right place at the right time. Healthcare organizations are able to achieve positive outcomes by managing labor costs while still focusing on patient care. As Clearviews applications are integrated with API Healthcares applications, both hospital users and staffing agencies will be able to realize additional cost savings and productivity gains.
By becoming a part of API Healthcare, we are able to join a successful, larger company and have a greater impact on the management of the healthcare workforce, said David Gorman, president and co-founder of Clearview Staffing Software. The integration of the API Healthcare and Clearview solutions will enable hospitals and health systems to maximize both internal and external staffing resources. The solutions will also make it easier for agencies and hospitals to work together, resulting in a win/win situation.
Clearview, based in Dallas, Texas, provides SaaS-based healthcare staffing solutions that allow healthcare staffing agencies to automate the process of recruiting, onboarding, licensing, credentialing, scheduling, managing and paying temporary medical professionals. API Healthcare headquarters will remain in Hartford, WI and the Dallas office will be a key business center for the corporation.
About API Healthcare
API Healthcare is the leading provider of human capital management solutions to the healthcare industry, including time and attendance, staffing and scheduling, patient classification, payroll, human resource and business analytics software. Found in 1982, API Healthcare has more than 700 installations in North American, with clients ranging in size from 500 employees to more than 35,000 employees. The companys Payrollmation system has been rated by KLAS as the top time and attendance system for the last seven years. (www.apihealthcare.com)
About Clearview
Clearview, based in Dallas, Texas, provides SaaS-based healthcare staffing solutions that allow healthcare staffing agencies to automate the process of recruiting, on boarding, licensing, credentialing, scheduling, managing and paying temporary medical professionals. (www.clearviewstaffingsoftware.com)
About Corum Group
Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide for nearly 25 years and with offices in eight countries. Experience makes the difference with Corum having completed hundreds of software M&A transactions spanning six continents, enabling the firm to deliver a proven business process for its clients. Corum also educates the industry with its conferences and publishes the most widely distributed software M&A research. Corum's principals are highly experienced former tech CEOs, who are supported by the industry's leading researchers, writers and valuation experts. The company has spent more than US $20 million to build the world's largest and most comprehensive buyer database. This knowledge base combined with Corum's experience and industry expertise, consistently ensures unequaled success in client engagements. (www.corumgroup.com)