Woodbridge-based Fusion Health announced on Thursday it has acquired Kalos Inc., a pharmacy management solutions provider for retail pharmacies, universities and correctional facilities.
Fusion Health is a Electronic Health Records and health care IT company focused on the corrections industry as well as other government-run agencies. The acquisition will allow for Fusion Health to expand and diversify its markets and product offerings.
“Seeing an underserved and underdeveloped market, I saw that I could make a difference by providing quality, cutting edge solutions. By having the patient population managed by our technology we could provide timely information to one of the sickest patient populations in the country,” Bryan Jakovcic, founder and president, Fusion, said.
Under the deal, Kalos will operate under its brand name and will be absorbed into Fusion as a subsidiary. Its staff will remain at its base in Topeka, Kansas.
“Since our entry into the market, and in working with Kalos’ team on numerous implementations, I always felt that the Kalos team would be a perfect fit in our vision, culture and mission. This acquisition will allow us to provide our client base with a greater level of service and innovation,” Jakovcic said.
Financing for the deal was arranged by JPMorgan Chase. Fusion was advised by Militia Hill Capital Advisors.
