On Dec. 24, the company announced it bought two United States firms that deal with speech-recognition transcription: Florida-based ZyloMed and Illinois-based Transolutions Inc.
Of the two firms, Accentus identified ZyloMed as the more significant growth opportunity as it operates in the ambulatory market in more than 35 of the United States. The firm's president, Susan Sumner, will continue to lead the ambulatory team after the takeover.
For Transolutions, its current president – Michael Carnrite – will head the United-States centred acute-care services and information-services development teams. Transolutions focuses on acute-care facilities, clinics, and surgery centres.
Financial details were not disclosed.
"We were looking to expand our service portfolio and to pursue new growth opportunities in areas that complemented our existing strengths," stated Stephen Rogers, Accentus' CEO.
"Each acquisition augments our ability to bring more comprehensive, flexible, and cost effective document management solutions to market, both in the United States and in Canada."
Accentus gained favour with several major customers in the past year, including Ottawa's Queensway-Carleton Hospital, Toronto East General Hospital and under one deal, three large southern Ontario health-care providers that included York Central Hospital.
In past statements, the company has noted Canadian hospitals are outsourcing more of their transcription services, providing a market opportunity for the Ottawa-based firm.