Roper buys two more firms for $450M

SARASOTA — Business conglomerate Roper Industries acquired two medical software firms, deals that come a week after it bought a cloud-computing analytics company with a focus on health care clients.

The agreements regarding the new acquisitions, according to a release, are for Burlington, Vt.-based Data Innovations and Pittsburgh-based SoftWriters Inc. The combined purchase price for both acquisitions is $450 million, the release adds, and both acquisitions are expected to close in February, subject to regulatory approval.

“Both Data Innovations and SoftWriters have market-leading technology and terrific leadership teams,” Roper Chairman, President and CEO Brian Jellison says in the statement. “We welcome these two outstanding and strategic businesses to the Roper family.”

Data Innovations provides software for hospital and reference laboratories with clients worldwide. The firm will maintain its management team and its Vermont corporate headquarters. SoftWriters, the release states, handles operating software for long-term care pharmacies. SoftWriters will also maintain its management team and its corporate headquarters after the acquisition.

The acquisitions come off the late January deal for Chicago-based Strata Decision Technology, the cloud-computing analytics firm. Roper has invested $590 million on all three deals, according to the release. The company expects the three acquisitions to contribute around $100 million in annual revenues and provide more than $110 million in gross cash tax benefits. A publicly traded firm based in a Lakewood Ranch corporate park, Roper had $3.2 billion in revenues in 2013. The firm is traded on the NYSE (symbol: ROP, recent price: $162.11).