Roper Industries has entered into a definitive M&A agreement to acquire Sunquest Information Systems the leading provider of diagnostic and laboratory software solutions to healthcare providers, in an all cash transaction valued at $1.415 billion, including $25 million in cash tax benefits.
Roper expects the M&A with Sunquest to be immediately cash accretive and to generate $140 million or more of EBITDA in 2013, excluding the impact of fair value accounting of Sunquest’s deferred revenue.
Richard Atkin, President and CEO of Sunquest, said, “We are excited to join the Roper family of high-performing diversified technology businesses. Our customers will find that as part of Roper we will continue to provide the same excellent service and support with full continuity of personnel. As we move forward, we will have the financial and strategic resources necessary to provide enhanced product offerings and expand into new areas. We are excited that Sunquest, our customers and our employees will have a bright and rewarding future with Roper.”
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