Roper Technologies Announces Two Acquisitions
SARASOTA, Fla., Sept. 9, 2015 /PRNewswire/ -- Roper Technologies, Inc. (NYSE: ROP) today announced that it has acquired two companies: RF IDeas, Inc. and Atlantic Health Partners, LLC.
RF IDeas is a leading provider of proprietary identification card technology solutions that deliver workflow improvement, enable mobile workforce management and ensure compliance and security. The company's products have leading positions in healthcare single sign-on, secure printing and other mission critical applications. The management team, led by Rick Landuyt and Greg Gliniecki, will remain in place and continue to lead the business from its Rolling Meadows, IL headquarters.
Atlantic Health Partners (AHP) is a Group Purchasing Organization specializing in vaccines for the physician marketplace. AHP will operate as a part of Managed Health Care Associates (MHA). Jeff Winokur, AHP's President, will continue to lead the business.
"We are excited to add two more outstanding businesses to the Roper family," said Brian Jellison, Roper's Chairman, President and CEO. "RF IDeas benefits from its proprietary identification technologies and has an outstanding track record of growth in attractive end markets. AHP adds another strong network company to Roper and further builds on MHA's leadership position in alternate site health care markets."
The combined purchase price for these two acquisitions is $277 million. Roper expects the two acquisitions to contribute approximately $60 million of revenue over the next 12 months.
About Roper Technologies
Roper Technologies is a constituent of the S&P 500, Fortune 1000, and the Russell 1000 indices. Roper designs and develops software (both software-as-a-service and licensed), and engineered products and solutions for healthcare, transportation, food, energy, water, education and other niche markets worldwide. Additional information about Roper is available on the company's website at www.ropertech.com.
The information provided in this press release contains forward looking statements within the meaning of the federal securities laws. These forward looking statements include, among others, statements regarding operating results, the success of our internal operating plans, and the prospects for newly acquired businesses to be integrated and contribute to future growth and profit expectations. Forward looking statements may be indicated by words or phrases such as "anticipate," "estimate," "plans," "expects," "projects," "should," "will," "believes" or "intends" and similar words and phrases. These statements reflect management's current beliefs and are not guarantees of future performance. They involve risks and uncertainties that could cause actual results to differ materially from those contained in any forward looking statement. Such risks and uncertainties include our ability to integrate our acquisitions and realize expected synergies. We also face other general risks, including our ability to realize cost savings from our operating initiatives, general economic conditions, unfavorable changes in foreign exchange rates, difficulties associated with exports, risks associated with our international operations, difficulties in making and integrating acquisitions, risks associated with newly acquired businesses, increased product liability and insurance costs, increased warranty exposure, future competition, changes in the supply of, or price for, parts and components, environmental compliance costs and liabilities, risks and cost associated with asbestos related litigation and potential write-offs of our substantial intangible assets, and risks associated with obtaining governmental approvals and maintaining regulatory compliance for new and existing products. Important risks may be discussed in current and subsequent filings with the SEC. You should not place undue reliance on any forward looking statements. These statements speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
SOURCE Roper Technologies, Inc.
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