The potential deal to acquire Informatica, a data management and software-as-a-service company that provides cloud-based enterprise data management for the healthcare sector, would be one of the Salesforce’s largest acquisition and will help the company tap into multiple cloud segments. based products, AI-driven capabilities and more.
WHY IS IT IMPORTANT?
Salesforce is in advanced talks to buy Informatica and the official announcement could come as early as next week, according to Wall Street Journal.
While neither company has commented on the deal as of Tuesday, the major merger of software services could attract regulatory scrutiny, Bloomberg reported Monday. The news service also said its sources indicated that talks about acquiring the company to boost its data capabilities could end without a deal.
Analysts said the acquisition has “strategic merit” for Salesforce.
MarTech called the potential Informatica acquisition close on Monday, but said in 2023 investors are already questioning whether the acquisition would be good for Salesforce’s stock value and the company made changes, including ending its mergers and acquisitions committee and increasing share buybacks.
Informatica’s intelligent data management cloud for life sciences and healthcare enables organizations to exchange data across local systems and across hybrid and multi-cloud environments using uses Health Level 7 v2, HL7’s FHIR standard and EDI Health Insurance Portability and Accountability Act X12 standard, according to the company’s website.
THE TREND IS GREATER
Salesforce bought HIPAA-compliant Slack nearly three years ago for $28 billion and acquired Tableau in 2019 for $15.7 billion. In 2022, Salesforce launched Patient 360, a customer relationship management platform packed with features thanks to its M&A activity.
Integrations include the MuleSoft Accelerator for Healthcare, HL7 and FHIR data exchange to unify data from electronic health records, labs, billing and planning, and Tableau Accelerator for Healthcare Cloud, providing customizable analytics dashboards for healthcare organizations.
Last year, Salesforce integrated Einstein AI services into its Customer 360 for Health platform to improve home healthcare with unified patient insights, including preferences and information. medication information, from their personal devices.
ON PROFILE
“Data governance and data quality have increased in strategic importance [the] according to a Citi analyst note published on Seeking Alpha. The researchers noted that partnering with a “significantly larger” organization could help Salesforce better capitalize on that trend and further develop its cloud offering.
Andrea Fox is a senior editor at Healthcare IT News.
Email: [email protected]
Healthcare IT News is a publication of HIMSS Media.
