Medical information provider Wolters Kluwer Health (WK Health), US, has announced that it has completed the acquisition of UpToDate, a leading evidence-based electronic clinical information resource. This acquisition reinforces WK Health's leading position in the clinical decision support market and fits squarely into the company's strategy for growing its business into high growth markets, particularly the point of care and electronic medical records markets by expanding its product and services offerings.
UpToDate specialises in physician-driven products designed to improve healthcare at the point of care and integrate smoothly into Electronic Medical Records. Accessible through the web, desktop and PDA, UpToDate is an electronic information resource designed to provide clinicians with practical and reliable answers to clinical questions at the point of care. Nearly 320,000 clinicians in 130 countries, thousands of patients and the majority of academic medical centers in the US look to UpToDate for clinical guidance, practice guidelines, peer-reviewed articles, photographs, and X-ray illustrations.
UpToDate is expected to generate annualised projected revenue of $80 million in 2008 and has about 250 employees. WK Health announced plans to acquire UpToDate in September 2008. Terms of the acquisition were not disclosed.
