Microsoft today announced it would acquire software and intellectual property from Global Care Solutions, a health-information systems developer based in Bangkok, Thailand. The financials of the deal were not divulged.
The privately held company's information technology will partner with Microsoft to provide hospitals around the world with resources to more efficiently manage scheduling, medical records, and billing in a multitude of languages.
Global Care Solutions originally developed its system with Bumrungrad, an internationally acclaimed hospital out of Bangkok, in mind. The facility treats more than 1.2 million patients from 190 countries annually. The GCS system aids the staff in managing clinical workflow so efficiently that it boasts an average wait time of 17 minutes. (Note to self: copy article to my doctor's office!)
With the technology giant virtually in the news every day, shareholders haven't responded to the acquisition in an overly dramatic way. As of 12:15 p.m., MSFT is at $34.80, down 0.63%, yet notably trading more than 17% above its 80-day and 160-day moving averages.