Fortive Corporation acquires Provation Software, Inc.

Fortive Corporation acquired Provation Software, Inc. for approximately $1.4 billion, a transaction completed in December 2021, structured as all cash.

Provation Software, Inc. operates in Advanced Healthcare Solutions, is based in Minneapolis, Minnesota, had revenue of about approximately $90 million (2020). Provation is a leading provider of clinical workflow software solutions used in hospitals and ambulatory surgery centers. The acquisition extends Fortive's digital offering and software capabilities in the healthcare space. Provation had revenue in 2020 of approximately $90 million.

Extends Fortive's digital offering and software capabilities in the healthcare space.

Recurring clinical-software revenue in hospitals and surgery centers. Advanced Healthcare Solutions

On December 27, 2021, we acquired Provation Software, Inc. ('Provation'), a leading provider of clinical workflow software solutions used in hospitals and ambulatory surgery centers. The acquisition of Provation extends our digital offering and software capabilities in the healthcare space. The total consideration paid was approximately $1.4 billion.Fortive FY22 10-K, Acquisitions note

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.