McKesson Corp. said Tuesday it signed an agreement to buy Emendo, a New Zealand-based patient demand forecasting company, one of three recent acquisitions by the health IT giant in just over a month. Terms of the deal weren't disclosed.
Emendo makes the CapPlan software which helps hospitals and clinics predict patient admissions and other activity. The products are currently used in New Zealand and some other Commonwealth countries, including Australia, Canada and the United Kingdom.
McKesson said the product would complement its staffing Workflow Management Solutions and Enterprise Intelligence analytics programs.
The purchase is one of several recent ones by the Fortune 15 company. Last month, McKesson announced it was buying both surgical and medical supply company PSS World Medical for $2.1 billion, and revenue and billing cycle management company Med3000 for an undisclosed sum.
About two weeks ago McKesson issued its second fiscal quarter finances, reporting revenues of $29.9 billion, ending Sept. 30, down 1 percent from the same period last year. Profits grew 35 percent, from $296 million in second quarter 2011 to $400 million in 2Q 2012.
