Monday, October 29, 2007

Microsoft to Acquire Assets from Thai Company

Software titan Microsoft Corp. reported Monday that it has agreed to purchase software, intellectual property and other assets from Global Care Solutions, a privately held company based in Bangkok, Thailand, that develops enterprise class health information systems. Terms of the deal were not disclosed. Microsoft said affected GCS employees will join Microsoft's Health Solutions Group, which will oversee product development and delivery. Microsoft noted that GCS flagship application helps hospitals manage clinical workflow, billing, regulatory compliance and medical records. Microsoft added that it will continue to work with Bumrungrad, the Bangkok-based hospital with which GCS collaborated to develop the title.