SOURCE: Infor

Infor

April 29, 2014 10:45 ET

Infor Completes Acquisition of GRASP Systems International

Predictive Analytics to Drive More Effective Planning, Forecasting and Costing for Healthcare Organizations

NEW YORK, NY--(Marketwired - Apr 29, 2014) -  Infor, a leading provider of business application software serving more than 70,000 customers, today announced the completed acquisition of substantially all of the assets of Colorado-based GRASP Systems International, Inc. ("GRASP"), a leading provider of automated patient acuity, workload management, patient assignment systems and consulting services to healthcare organizations in the U.S. and Canada. GRASP's strong analytics and reporting capabilities will help Infor address the current cost-crisis occurring in healthcare, and deepen the Infor Healthcare suite by providing another leading solution to the market.

"This acquisition will add value to our existing development efforts for Infor Workforce Management for Healthcare by leveraging information from Infor Cloverleaf and real-time analytics from Infor Care Path Optimization," said Duncan Angove, president, Infor. "Adding this functionality will enable health systems to go deeper than ever in understanding how staff resources are used in patient care and the costs associated at the patient procedure level to predict not only patient staffing needs based upon patient diagnoses, but also cost while benchmarking against their peers."

GRASP's factor-based methodology measures workload at the intervention level, and delivers solutions to maximize workload efficiency to help organizations reduce labor and operational costs. The company's patient-centric approach is centered around the notion that no two patients -- even those having the same diagnosis -- require the same amount of care, and by extracting this detailed knowledge of exact patient care needs, users are able to recommend and staff the right number of people with the right skills in the right place at the right time.

Through the GRASP solution, organizations are also equipped to quickly recognize patterns and trends that directly affect workforce planning, which can lead to more cost-effective staffing levels, improve patient safety, and ultimately provide better patient care.

Financial terms of the deal are not being disclosed.

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About Infor
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping 70,000 customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.

Infor customers include:

  • 19 of the top 20 aerospace companies
  • 12 of the top 13 high tech companies
  • 10 of the top 10 pharmaceutical companies
  • 21 of the 25 largest US health delivery networks
  • 16 of the 20 largest US cities
  • 84 of the top 100 automotive suppliers
  • 31 of the top 50 industrial distributors
  • 5 of the top 9 brewers

This announcement reflects the direction Infor may take with regard to the specific transactions and product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this announcement or any of its content in making any decision. Infor is not committing to acquire, develop or deliver any specified enhancement, upgrade, product or functionality, even if described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's acquisition and product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates.