Fortive to buy healthcare software maker Provation for $1.43 billion

▤ Summary

(Reuters) -Industrial products maker Fortive Corp said on Friday it had entered a deal with Clearlake Capital Group to acquire Provation Software Inc, a provider of software solutions used in hospitals, for nearly $1.43 billion. Fortive, which spun out from Danaher Corp in 2016, expects to finance the deal with short-term debt and cash. The move is the second billion dollar deal that Fortive has announced in the span of about five months. In July, the company said it would buy a facilities management software provider ServiceChannel for $1.2 bln from Bayard Capital and Accel Partners. The conglomerate expects the deal to add to its adjusted earnings per share by more than 8 cents in fiscal 2022.

▦ Linked Companies

Md Reports

$50M to $100M

Provation

$50M to $100M