Follow @USApostille
![]() Our Videos |
May 2, 11
NEWS / API Healthcare Corp. Abandons Merger Plans with Kronos Inc. After Justice Department Expresses AntitWASHINGTON — API Healthcare Corporation has abandoned its merger plans with Kronos Inc. after the Department of Justice expressed concerns that the acquisition would have reduced competition and increased prices in healthcare-specific workforce management technology. As a result of the contract termination, both Kronos, which is owned by investment firm Hellman & Friedman Capital Partners VI L.P., and API, which is owned by investment firm Francisco Partners II L.P., will continue to sell health-care specific workforce management solutions. By purchasing API, Kronos would have acquired its most significant competitor for healthcare time and attendance solutions, and led to the loss of a vigorous competitor that offered innovative staff scheduling capabilities in combination with its time and attendance products. The department said that according to industry sources, the transaction would have resulted in a single firm controlling approximately 70 percent of the time and attendance healthcare market. “We welcome the decision to abandon this deal, which will preserve competition in the market for time and attendance technology in the healthcare industry,” said Christine Varney, Assistant Attorney General in charge of the Justice Department’s Antitrust Division. “The abandonment of this transaction means that consumers will continue to receive the same benefits of competition, including greater innovation and lower prices, they’re now receiving.” API, headquartered in Hartford, Wis., has installations in more than 1,000 client sites in the healthcare industry and had 2010 revenues of $52 million. Kronos, headquartered in Chelmsford, Mass., provides workforce management software to tens of thousands of organizations in approximately 60 countries, both within the healthcare industry as well as many other industries. http://www.justice.gov/opa/pr/2011/April/11-at-546.html Tags: corporation, |
Do you need
We do Retrieval, Preparation and Legalization.
Power of attorney
Vital records
Birth certificate
Marriage Certificate
Single Status Affidavit
No Record of a Marriage
Certificate of No Marriage Record
Divorce Certificate
Divorce Decree
Death certificate
Criminal Record
Certificate of good conduct
Criminal Background Check
Foreign Driver License
Documents for transportation of the Deceased
Children's Travel Consent Letter
Evaluation of Foreign Education Credentials for US
Letter of Invitation for USA Visa
Documents for Avoiding Double Taxation
|
TestimonialsJohn BeacleayJust wanted to say thanks again for all your help Anton. I mean it's really amazing to me that yo... As a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce... |
FAQWho is eligible to participate in the LBO?Read More » What is K-1 Fiance (e) visa, and how does it work? Read More » Q. How can I get information from your autofax and home page services? Read More » What document can serve as conclusive evidence that a company has current legal status? Read More » |
Quick Menuapostille Papua New GuineaChildren's Travel Consent Letter apostille Gibraltar apostille New York State apostille Morocco apostille Finland apostille Turks and Caicos apostille Guinea-Bissau Corporate Forms apostille Puerto Rico apostille East Timor apostille Peru apostille Jersey apostille Yugoslavia apostille San Marino apostille Liberia |
NewsSeptember 8, 25Amended death certificate of MA State Police Academy recruit reveals he died from head injury Read More » September 5, 25 78-year-old Florida woman finally gets birth certificate after lifelong wait Read More » September 3, 25 US Congress considers legislation to expedite VA death certificates Read More » August 27, 25 NYC apartment building residents angry at “aggressive” squatter with criminal record Read More » |