Kronos Acquires API Healthcare
February 7, 2011 – Kronos Incorporated has entered into a definitive agreement to acquire API Healthcare Corporation from Francisco Partners. Closing of the transaction is subject to regulatory approval and customary closing conditions. Headquartered in Wisconsin and founded in 1982, API Healthcare is a provider of human capital management solutions optimized exclusively for the healthcare market. The combined company will offer existing and new customers a stronger and broader array of human capital management solutions for the healthcare industry. “Together we will leverage our complementary strengths to help organizations deliver high-quality patient care while maintaining tight control over their labor costs,” said Aron Ain, Kronos’ CEO. Kronos is a global provider of workforce management solutions that enable organizations to control labor costs, minimize compliance risk, and improve workforce productivity.