Thomson Reuters Acquires ProfSoft
Ann Arbor, MI - Thomson Reuters has acquired ProfSoft, Inc., a healthcare technology company that provides health plans with analytic software and services to assess physician and hospital performance.
The terms of the agreement were not disclosed.
“ProfSoft’s solutions will enhance the clinical performance measurement capabilities we provide to our healthcare payer customers,” said Jon Newpol, executive vice president of the Healthcare & Science business of Thomson Reuters. “It has a strong track record in creating evidence-based clinical rules, which are designed to help customers better understand opportunities for improving the quality and cost of care.
“ProfSoft’s customers, meanwhile, will benefit from their new access to the resources of our large, global organization.”
ProfSoft founder Ed Bassin, Ph.D., and other ProfSoft managers will join Thomson Reuters, which plans to retain ProfSoft’s two offices in Needham, Mass., and Dayton, Ohio.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries.
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