IBM finalizes acquisition of Healthlink

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IBM has finished its acquisition of Houston-based Healthlink, a provider of information technology consulting services to the healthcare industry. Details of the transaction have not been disclosed. The deal was completed on Monday.

According to the company's 2004 annual financial report, Healthlink had annual revenues last year of approximately $65 million, which is an increase of 36 percent from 2003, according to its 2004 annual report. The privately held company has projected to have revenues of $100 million this year, said CEO Ivo Nelson.

The company's growth has likely been bolstered by a national trend by hospitals to adopt such things as electronic medical records (EMR) and other paperless technologies.

Nelson indicated in a statement that Healthlink will keep its name as well as its current 625 employees with the possibly of increasing that number in the future.

Nelson and other Healthlink executives are expected to remain in their roles.