Surgical Information Systems Bought By Norwest Equity-Private Equity Firms Still Investing Heavy in Healthcare Algorithms

How much is an algorithm worth? Ask anyone on Wall Street these days and it’s these intangibles (aka Facebook) that seems to be making the news today. Private Equity seems to believe the profits are there as well the banks. In this case the company appears to be changing hands from one private equity firm to another.

As a matter of fact, private equity investments in healthcare are getting so commonplace and the number is growing that they had to go out and created a NON PROFIT organization to discuss how to PROFIT, a bit of an oxymoron, but you can read more at this link below. BD

How Big Are Private Equity Investments in Healthcare – Large Enough to Create a “Non-Profit” Trade Association To Talk About How to “Profit”

ATLANTA – January 7, 2011 – Surgical Information Systems (“SIS” or the “Company”), a leader in perioperative information systems, announced today that Norwest Equity Partners (“NEP”), a leading middle-market equity investment firm, has acquired the Company from Vista Equity Partners (“Vista”). The current SIS executive team, led by Ed Daihl, Chief Executive Officer, will remain in place following this investment. Clients and associates will benefit from the resulting accelerated delivery of new, innovative software solutions.

Founded in 1996 and headquartered in Alpharetta, Georgia, SIS software solutions are uniquely designed to add value at every point in the perioperative process. Developed specifically for the complex surgical environment, all SIS modules--including anesthesia--are built on a single database and integrate easily with other hospital systems. Clients include leading academic and medical research centers, integrated delivery networks and hospitals of all sizes.