Fast-Growing Tampa Health Tech Company Makes a Deal to Help Independent Doctors
TAMPA, Fla., Jan. 3, 2018 – DAS Health says its latest acquisition will help a shrinking pool of independent physicians continue to practice on their own.
DAS, a health technology company based in Tampa, bought Integra I.T. Solutions in Las Vegas, in a deal that DAS said broadens its electronic health record services and technology products, while also enhancing customer support and care. The deal was announced Tuesday; financial terms were not disclosed.
The expanded company now serves nearly 2,000 clinicians and more than 600 practices nationwide, with a focus on independent physician groups, hospital and health care systems across North America.
“As a one-stop shop we can help them to remain successful and independent,” said Tori Couch, marketing manager.
The number of independent physicians has been falling. A study last year by the American Medical Association found that fewer than half of practicing physicians in the United States owned their medical practice. Maintaining the necessary information technology and quality and safety compliance often requires a larger asset base to spread cost, Modern Healthcare reported.
Still, independent physicians possess stronger incentives than hospital-employed physicians to prevent hospitalizations, Becker’s Hospital Review said, citing a 2016 Harvard Medical study.
“This acquisition marks an exciting phase of DAS’ continued rapid growth and ability to help independent physicians prosper in an evolving industry,” said David Schlaifer, DAS Health president and CEO.
Integra I.T. Solutions is the fifth acquisition in less than three years by DAS, which has more than doubled in size in that time, and had just under $12 million in revenue in 2016.
DAS’ growth helps reinforce Tampa as a technology hub, Couch said. “We are now better able to represent Tampa on the national stage,” she said.
DAS also has been adding jobs. The company said it planned to add up to 30 new jobs by the end of this year, when it won $90,000 in state and local tax incentives under the Qualified Target Industries tax refunding program.
Integra I.T. Solutions is the second Las Vegas company DAS has bought. DAS bought Falcon Healthcare Systems in 2016. The company plans to retain the I.T. Solutions office as the hub of its consolidated West Coast operations.