NetDimensions advances on acquisition of eHealthcareIT

NetDimensions, provider of professional learning services, has acquired eHealthcareIT for 3.5m dollars to strengthen its position in talent management solutions.

NetDimensions, provider of professional learning services, has acquired eHealthcareIT for 3.5m dollars to strengthen its position in talent management solutions.

eHealthcareIT specialises in providing e-learning and compliance solutions to the US healthcare market

Its training content is delivered via the NetDimensions Talent Suite to small and large hospitals. The company has been a partner and reseller of the NetDimensions Talent Suite platform for the past six years.

The consideration for the acquisition includes $2.5m in cash and $1.0m in stocks.

The eHealthcareIT business will be renamed NetDimensions Healthcare as a division of NetDimensions to provide talent, learning, and compliance management solutions specifically to the healthcare market across the globe.

"The acquisition of eHealthcareIT is giving us a very strong foothold into the US healthcare market and a great opportunity to grow this business very quickly at a global scale by leveraging our worldwide presence, established sales force, and expanding product portfolio," Chief Financial Officer Matthew Chaloner.

"We have been working closely with the eHealthcareIT team for over six years and we are confident we will be able to integrate their business within NetDimensions at a rapid pace."

Shares climbed 3.57% to 43.50p at 15:59 Friday.

RD

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

The electric-car bubble could get an awful lot bigger from here
Renewables

The electric-car bubble could get an awful lot bigger from here

The switch to electric cars is driving a huge investment bubble. But that’s not necessarily a bad thing, says John Stepek. Fortunes will be made and l…
24 Sep 2020
Can Rishi Sunak’s winter plan save the UK economy?
UK Economy

Can Rishi Sunak’s winter plan save the UK economy?

With his Winter Economic Plan, chancellor Rishi Sunak is hoping to support the economy through the dark months ahead as restrictions tighten again. Jo…
25 Sep 2020
The rising dollar is proving bad news for most other assets – will it last?
Investment strategy

The rising dollar is proving bad news for most other assets – will it last?

Precious metals, stocks and pretty much every other asset has taken a tumble as the US dollar strengthens. Dominic Frisby looks at how long this trend…
23 Sep 2020