Perot Systems to Become Dell Systems – Dell to Purchase Perot Systems
Posted Sep 21 2009 10:24pm
If you happen to work for a Tenet hospital or perhaps a hospital formerly owned by Tenet, then Perot Systems and P-Bar operations are probably very familiar to you. Ross Perot appears to maybe be a bit tired of the healthcare business? It is changing and mergers and acquisitions in view of the current economy seem to be making the news every day. It’s a matter of survival and integrating hardware/software together to create better solutions under the same leadership to hopefully have everyone focused in the same direction. Perot Systems has quite an extensive business intelligence arm and other integrated software solutions so this could be the arm that Dell needs to pursue their current goals and objectives.
Perot systems also has some new and emerging technologies in cloud computer and with the prices of hardware, computers and peripherals today, its hard to make enough money with hardware only. Dell now also has an EMR system that was announced last week, and I’m sure we will hear more in the near future on this, and actually I am interested to hear who’s technology it is or if it was built in house. BD
ROUND ROCK, TX – Just two weeks after announcing the launch of its own electronic medical records platform, computer giant Dell has acquired IT solutions provider – and fellow Texas company – Perot Systems in a deal worth almost $4 billion.
The acquisition, approved on Sunday by the boards of directors of both companies, is valued at roughly $3.9 billion and gives the Round Rock, Texas-based computer company an even larger foothold in healthcare. Perot, based in Plano, Texas, provides a wide range of IT services, including applications, technology, infrastructure, business processes and consulting.
Under terms of the deal, Dell will begin a tender offer to acquire all of Perot’s outstanding Class A common stock for $30 per share in cash. Once the acquisition is completed, Perot will become Dell’s services unit and be led by Peter Altabef, Perot’s current CEO.
Officials say the combined company represents $8 billion in services revenue.
Just last week, Perot officials announced a 10-year, $18 million contract to supply IT outsourcing and electronic health records implementation for Max Healthcare in India, the company’s first IT outsourcing project in India and a significant step in the company’s efforts to extend its healthcare footprint outside North America.