California Software Company Ltd (Calsoft) has signed an agreement to acquire 51 per cent equity in the US-based American HealthNet Inc (AHN).
Founded in 1980 and headquartered in Omaha, Nebraska, AHN is a healthcare software product company. AHN provides Integrated Enterprise Software applications to Community Healthcare Organizations and is a leading player in the US Community Healthcare Software market. With a growing customer base of over 250 Hospitals and Clinics, AHN had sales of $6.5M in 2004 and expects about $8M sales in 2005.
AHN's Clarus suite of products with its core enterprise muster patient index features a full complement of clinical applications from electronic medical records to order management - and is fully integrated with all financial applications. The Clarus suite provides its target segment of healthcare providers a cost effective integrated solution that meets HIPAA requirements for EDI Privacy and Security.
S Santhosh, managing director, Calsoft says, "We are very excited at this opportunity to enter the Healthcare Software sector in US through a relationship with American Health Net. As the offshore development, partner for AHN from 2002, Calsoft has been closely involved in the development of the AHN's Clarus suite of products. With our in depth knowledge of the product, we hope to offer a variety of solutions to existing AHN customers as well as expand globally leverage our international presence."