Securus Acquires PHD Medical's Corrections Telemedicine Assets in All Cash Transaction
Objective of Providing High Quality, Faster, and Lower Cost Health Care Services to $5 Billion Corrections Market
Securus Announces 20th Acquisition of Government Services, High-Tech, Software-Based Businesses, Technologies, Patents and Exclusive Partner Agreements
DALLAS, Dec. 1, 2016 /PRNewswire/ -- Securus Technologies, a leading provider of civil and criminal justice technology solutions for public safety, investigation, corrections and monitoring, announced today that it has acquired PHD Medical's corrections focused telemedicine hardware, software, management and development assets in Baie d'Urfe, Quebec, Canada (suburb of Montreal).
Founded in 2003 near Quebec, Canada, PHD Medical, Inc. is the culmination of a team of medical professionals with extensive experience in respiratory medicine, regulatory affairs, software, manufacturing, and networked communications. This team developed a corrections-focused telemedicine solution that improves the treatment and well-being of inmates.
"We have worked with PHD Medical for several years and watched as they developed their hardware, software, and business model to the point of having a successful telemedicine solution for the corrections market," said Richard A. Smith, Chairman and Chief Executive Officer of Securus Technologies.
"We closed on the purchase of the telemedicine assets in an all cash deal with PHD Medical, Inc. on November 30, 2016. Our objective is to refine our business model and to bundle the telemedicine products into our +950 existing corrections/law enforcement product set," said Smith.
"We have known Securus for a long time and they clearly have the broadest, high-tech product set for law enforcement and corrections – and that is exactly who we want to partner with," said Jeremy T. Brouillette, Managing Director of PHD Medical. Mr. Brouillette will be joining the Securus Team as will all other PHD Medical's staff members.
"Securus has an established infrastructure, the largest Sales Team in the sector, and understands the corrections market well, so they were the logical choice for us," said Brouillette.
"With our purchase of Cara Clinicals in 2015 that develops electronic medical records systems, our purchase of Archonix in 2013 that offers jail management systems including health care modules, and now the telemedicine business from PHD Medical, we are expanding our capabilities to serve the $5 billion corrections health care market. Next to salaries, inmate health care costs represent the second largest component of prison and jail budgets – and with telemedicine our facilities can be more efficient, more cost effective, and ultimately provide better and faster health care for our inmates – that's what we want to help them do," stated Smith.
"We will fully use Securus' financial and human resources to assist the PHD Medical Team to further develop their platforms and sell that value in a combined bundle with other products. There is so much that we can do with our facilities to improve security, reduce operating costs, and improve the quality of health care. Let's use more technology to help them do their jobs," concluded Smith.
ABOUT SECURUS TECHNOLOGIES
Headquartered in Dallas, Texas, and serving more than 3,450 public safety, law enforcement and corrections agencies and over 1,200,000 inmates across North America, Securus Technologies is committed to serve and connect by providing emergency response, incident management, public information, investigation, biometric analysis, communication, information management, inmate self-service, and monitoring products and services in order to make our world a safer place to live. Securus Technologies focuses on connecting what matters®. To learn more about our full suite of civil and criminal justice technology solutions, please visit SecurusTechnologies.com.
ABOUT PHD MEDICAL
Founded in 2003, in Baie d'Urfe, Quebec, Canada, PHD Medical works closely with several sectors of the health care system to design products and services to meet specific needs of the home/facility diagnostic and telemedicine markets. With our technical and clinical expertise, we offer complete solutions to the market that improve the treatment and well-being of patients. We are specialists in migrating traditionally hospital-based services to remote clinics and the home.
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SOURCE Securus Technologies, Inc.
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