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API Healthcare acquires Concerro

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HARTFORD, Wisc.February 8, 2012 — API Healthcare, a leading healthcare-focused workforce management technology provider, today announced it has acquired Concerro, a provider of Software-as-a-Service (SaaS) staffing and scheduling systems for healthcare. The acquisition enables API Healthcare to significantly increase its ability to deliver workforce management solutions across the entire healthcare community, including critical access hospitals, home health, retail clinics and long-term care facilities.

The combination of API Healthcare’s robust, integrated workforce management solutions with the accessibility of Concerro’s SaaS solutions will provide more options for healthcare organizations across the entire continuum of care. This will enable the healthcare industry, from large health systems to small retail clinics, to achieve positive outcomes by managing labor costs while remaining focused on improving patient care.

“Concerro’s products and client base are the perfect complement to API Healthcare’s existing solutions and markets,” said J.P. Fingado, president and chief executive officer, API Healthcare. “Working together we will reinforce our mutual commitment to innovation and dedication to the healthcare industry. This strategic move allows us to leverage a larger number of talented, diverse and clinically-based staff to deliver the high quality of service that separates API Healthcare from our competitors.”

“We are committed to improving quality and performance for our more than 1,300 health system client installations through broad workforce technology,” said Patrick Pomroy, vice president of corporate development, API Healthcare. “The team at Concerro has done a great job of creating solutions that help fulfill these same goals for their client base. With the synergies created by this acquisition, all types of healthcare organizations will have access to innovative technology designed specifically to meet their unique workforce management needs.”

Concerro is a leading Software-as-a-Service (SaaS) company that helps health systems effectively manage their workforce and mission critical communications with online scheduling, open shift management, patient acuity and emergency preparedness solutions. The company combines strategic guidance and services with their full suite of clinical solutions including RES-Q, ShiftSelect and CommandAware. Concerro has won numerous awards and recognition, including being named to the prestigious Inc. 5000 for four consecutive years, and receiving Red Herring's 100 most promising private technology ventures in North America and Best of SaaS Showplace (BoSS) awards.

The Company is based in San Diego, CA.

API Healthcare headquarters will remain in Hartford, WI and the San Diego office will be a key business center for the corporation.

Wells Fargo Securities, LLC acted as financial advisor to API Healthcare.

About API Healthcare

API Healthcare  is the largest healthcare-specific vendor focused on workforce management solutions for the healthcare industry. Driven by the mission to elevate quality and performance across the healthcare community through innovative workforce solutions, API Healthcare has been dedicated to the healthcare industry for 30 years. The company’s staffing and scheduling, patient classification, human resources, payroll, time and attendance, business analytics, and staffing agency solutions are used by more than 1,600 hospitals and staffing agencies. Founded in 1982, API Healthcare has been rated by KLAS in the Top 20 Best in KLAS Awards Report  as the top time and attendance provider system for the last ten years (2002-2011).


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