Harris Corporation Completes Acquisition Of Carefx Corporation

• Acquisition expands Harris' presence in government healthcare and provides entry into commercial market
• Carefx solution suite used by more than 800 hospitals, healthcare systems and health information exchanges across North America, Europe and Asia
• Fusionfx platform gives caregivers a unified view of patient data — reducing errors and increasing productivity

Harris Corporation, an international communications and information technology company, has completed its previously announced acquisition of Carefx Corporation, a leading provider of interoperability workflow solutions for government and commercial healthcare providers. Privately held Carefx was purchased for $155M in cash, subject to post-closing adjustments.

Carefx Chairman and CEO Andrew Hurd will continue to lead the business, which will become part of the company's Healthcare Solutions business. The acquisition leverages the outstanding healthcare interoperability workflow products offered by Carefx and the broad scale of enterprise intelligence solutions and services provided by Harris.

The Carefx Fusionfx platform incorporates the latest standards-based technologies and industry best practices to streamline retrieval, access and use of patient information. Fusionfx aggregates patient information across existing systems and delivers it in a single, clear, clinically relevant view to physicians at the point of care.

The Fusionfx platform is used in more than 800 hospitals, healthcare systems and health information exchanges across North America, Europe and Asia. Carefx customers include the Boston Medical Center, Emory University Hospital, Northwestern Medical Hospital, the Louisiana Rural Health Information Exchange, Johns Hopkins Health System and Cambridge University Hospitals.

"The Fusionfx solution is the industry standard in providing interoperability between disparate hospital systems, giving clinicians the information they need when they need it," said Jim Traficant, vice president and general manager, Harris Healthcare Solutions. "This acquisition marks an unprecedented opportunity to establish Harris and Carefx as the global leader of interoperability solutions."

Harris provides a range of healthcare enterprise intelligence solutions and services for commercial and government customers, including interoperability, imaging, managed services infrastructure, systems and cyber integration, and informatics. Harris products, systems, and services improve health outcomes by ensuring that the right information is delivered with security and privacy to the right person, on the right device, at the point of care.

About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has approximately $6B of annual revenue and more than 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications products, systems, and services. For more information, visit www.harris.com.

SOURCE: Harris Corporation