Colorado Spring’s Seo Yu & Co., the Texas-based health care technology company, is being bought by a Dallas seosseo company.
Seo Yu is the parent company of Colorado’s health care platform.
“Colorado Spring is a leader in the growing global market for healthcare technology and technology solutions, and its expertise, proven expertise and global footprint will continue to shape the future of health care in the Dallas area,” said Jason E. Kincaid, Colorado president and chief executive officer.
Colorado Springs will be purchased for approximately $1.2 billion, and the transaction is expected to close in the fourth quarter of this year.
The company’s health systems and data are used by over 500 million people around the world.
Colorado has been in business for 50 years.
It has operations in 24 countries.
It has approximately 30,000 employees worldwide.
In its most recent quarterly earnings report, Colorados financial performance was in line with analysts’ expectations.
The company was in the top five in gross margin, the bottom five in cost per employee, and was in fourth place in revenue.
Colorados revenue was $7.2 million, up 11% from a year ago.
“This transaction will help strengthen our company and our employees,” said Kincaysay.
Kincaid said the acquisition will bring Colorados core strengths to Dallas.
In addition to Colorados, Coloradas health systems, data centers, data and analytics products, and other products will be moved to the Dallas seoing company.
Coloradas cloud computing and analytics offerings will remain with Colorados.
Colorados technology is widely used in hospitals, nursing homes, community health centers, and in the health care sector, Kincapsaid said.
He noted that Colorados technology has been used in more than 20 million patient visits in the United States.
Other Coloradas offerings include:• Colorados health technology products and services, including:• The Colorado Health Analytics System, which offers analytics that allow health systems to track and manage their patients.• Coloradas Medical and Health Technologies Platform, which allows health systems access to data from Colorados medical and health data centers.• The Medical Data Platform, a comprehensive platform that helps health systems collect and analyze patient data.
Coloradas health technologies and services have been deployed across hospitals, community centers, schools, prisons, clinics, government agencies, and businesses, Kinch said.
Colorados uses its technologies to improve patient care, protect patient privacy, and save money.
Colorado has offices in Dallas, San Antonio, San Diego, and Denver.
For more information about Colorados and its services, visit www.coloradoseshealthcare.com.