December 13, 2018

Qualidigm to wrap Maine merger early

PHOTO | Contributed
PHOTO | Contributed
Qualidigm's Wethersfield home, 936 Silas Deane Highway.

Wethersfield-based healthcare quality improvement consultancy Qualidigm said it will conclude a planned merger with a similar organization based in Maine seven months ahead of schedule.

Qualidigm first announced the deal with Maine Quality Counts back in June.

The plan was to complete the merger by Aug. 2019, but now the deal will be done by Jan. 1, Qualidigm said Thursday. The boards of each company ratified the merger agreement over the past five weeks.

Financial terms remain undisclosed.

Qualidigm said it determined there were no obstructions to combining the two companies on a faster timeline, and that it perceived competitive advantages to speeding up the deal, in order to compete for large federal contracts.

As previously announced, Qualidigm CEO Timothy Elwell will lead the combined entity.

Elwell said in a statement that the merger will bring together a more complete array of services for healthcare providers in hospitals, physician practices, home health and other settings.

Qualidigm says its services include consulting, data analysis, health information technology, patient safety, quality improvement, and utilization review.

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