Dallas, Texas-based healthcare technology company T-System, Inc. is to be acquired by FNFV Group (NYSE: FNFV), the investment arm of Fidelity National Financial, Inc., a Fortune 500 financial services firm, from Francisco Partners.
The acquisition amounted to $200m in cash.
The company intends to leverage the investment to continue to accelerate innovation, performance and growth in its current markets while also serving broader segments of healthcare via an aggressive inorganic growth strategy.
Led by Roger Davis, president and CEO T-System is a healthcare IT company that advances care delivery and financial outcomes for episodic care. Specializing in emergency department documentation since 1996, T-System has since expanded its focus to include the development of innovative solutions for the rapidly expanding episode-based care market, including hospital-based emergency departments (EDs), freestanding emergency centers and urgent care centers.