Roper Acquires Tucson Based Sunquest Information Systems Inc for $1.4B

Founded in 1979 and headquartered in Tucson, Arizona, Sunquest Information Systems, Inc. delivers market-leading diagnostic information technology and outreach solutions, designed and implemented to fulfill the business objectives of today’s healthcare leaders with a focus on  patient safety, workflow excellence, predictive and personalized medicine, and physician and patient affinity. The company offers diagnostic IT solutions to more than 1,400 organizations and 380,000 users worldwide.

A Solution to Control Healthcare Costs

According to the Sunquest website ( “Laboratory testing is the largest contributor to the cost of care your organization provides. In fact, 3 to 4 percent of every dollar spent on healthcare in the US is spent on lab testing. However, lab test results impact almost 80% of all healthcare decisions. The lab represents the single greatest opportunity to control the growing costs of healthcare delivery.”

“As the healthcare shift continues towards more and more accruate diagnostics and the benefits of early detection on both patient outcomea and healthcare costs, systems that optimize the diagnostics and testing process will play a major role in the future of healthcare around the globe” shared AZBio CEO Joan Koerber-Walker.

Sunquest innovations include Diagnostic Intelligence™ which provides real-time, dashboard-driven operational and clinical metrics. Additionally, the Sunquest Physician Portal™ supports community-based physician relationships and grows laboratory outreach businesses.

A Look at Roper Industries

According to its website, “Roper is a diversified growth company with annual revenues of $2.7 billion.”  The company  provides engineered products and solutions for global niche markets, including water, energy, transportation, education, medical, and SaaS-based information networks.

Roper is a component of the S&P 500, Fortune 1000 and Russell 1000 Indexes and trades on the New York Stock Exchange under the symbol ROP.


For More See…

It is with sincere pleasure that I am able to announce to you today that Roper Industries Inc. has agreed to acquire Sunquest from our current owners Vista Equity Partners and Huntsman Gay Global Capital. Completion of the transaction, which is expected within 30 days is subject to Hart-Scott-Rodino approval and customary closing conditions.
Roper Industries, Inc. (NYSE: ROP) today announced that it has entered into a definitive agreement to acquire Sunquest Information Systems, Inc., the leading provider of diagnostic and laboratory software solutions to healthcare providers, in an all cash transaction valued at $1.415 billion, including $25 million in cash tax benefits.

Roper Industries to Buy Sunquest Information Systems for $1.4 Billion (NYTimes)

Posted in AZBio News.