Fortive Corporation announced that it completed its previously announced acquisition of Provation Software, Inc. (“Provation”). As a result of the acquisition, Provation has become an operating company within Fortive’s Advanced Healthcare Solutions (“AHS”) segment.
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James A. Lico, President and Chief Executive Officer of Fortive, stated: “The acquisition of Provation represents an important step in accelerating our strategy to provide hospitals, ambulatory surgery centers and clinicians a powerful set of workflow solutions that address their most critical needs. We expect Provation’s best-in-breed clinical software solution, broad customer coverage and talented team, combined with our intimate knowledge of clinical workflows at ASP and Censis, to solve real challenges delivering safe and efficient healthcare. We are excited about the strong growth prospects across the AHS segment and our ability to leverage the power of the Fortive Business System to accelerate growth, margin expansion and cash flow generation, driving significant value creation for our shareholders.”
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ABOUT FORTIVE
Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. Fortive’s strategic segments – Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions – include well-known brands with leading positions in their markets. The company’s businesses design, develop, service, manufacture, and market professional and engineered products, software, and services, building upon leading brand names, innovative technologies, and significant market positions. Fortive is headquartered in Everett, Washington and employs a team of more than 18,000 research and development, manufacturing, sales, distribution, service and administrative employees in more than 50 countries around the world.
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