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News
Imprivata, a Lexington, Mass.-based health IT security vendor, has acquired HT Systems, a Tampa, Fla.-based provider of palm-vein based biometric patient identification systems for approximately $19.1 million in cash at closing.
News
Marking its entry into the patient identification market, health IT security company Imprivata has acquired Tampa, Fla.-based HT Systems, which develops technology for palm-vein-based biometric patient ID.
News
Imprivata (NYSE: IMPR) is paying $19.1 million upfront to purchase HT Systems, a Tampa, FL-based maker of a device that can scan the veins in a person’s palms, which helps hospitals and clinics retrieve a patient’s medical records after identifying him or her. Imprivata will pay as much as $6.9 million in the future if the device retains a certain level of clients and hits sales goals.
News
Technology that identifies health care patients by reading the veins in the palm of their hands has paid off big for a Tampa biometrics company.
HT Systems of Tampa was acquired by Imprivata (NYSE: IMPR), a Lexington, Mass.-based firm, for $19 million in cash, although the deal value could rise as high as $26 million, based on achieving sales targets and retention over the next two years, a statement said.
Press
Lexington, Mass. — (BUSINESS WIRE) — May 4, 2015 — Imprivata® (NYSE: IMPR), the healthcare IT security company, today announced financial results for the first quarter of fiscal 2015. Revenues for the first quarter of 2015 were $25.6 million, an increase of 32% from revenues of $19.4 million for the same period in 2014.