Published: August 03, 2010
National Research Corporation Acquires Outcome Concept Systems, Inc.
LINCOLN, Neb. - (BUSINESS WIRE) - National Research Corporation (NASDAQ:NRCI) today announced it has
acquired, via stock purchase agreement, Outcome Concept Systems, Inc.
(OCS), a privately-held healthcare informatics firm, in an all-cash
transaction.
OCS is a leading provider of clinical, financial and operational
benchmarks and analytics to home care and hospice providers. OCS works
with over 2,000 care providers throughout the United States and is based
in Seattle, Washington. OCS delivers what it believes to be, the most
robust benchmarking database available to the home care and hospice
marketplace, complete with web-based tools, analytics, and knowledge
resources to support improvement in organizational performance through
evidence-based practice.
Commenting on the acquisition, Michael D. Hays, president and chief
executive officer of National Research Corporation, said, "OCS is the
leader in the home care and hospice markets which complements and
expands NRC product offerings across the continuum of care. Under health
reform, where the silos of care delivery will merge, having thought
leadership in all care settings is a clear competitive advantage for
NRC."
Amanda Twiss, president, chief executive officer and co-founder of OCS,
said, "This relationship offers OCS clients a tremendous opportunity to
rapidly enhance our products for home care and hospice clients. Our
focus is on leveraging proprietary data assets and best of breed
technology to give clients a clear strategic advantage in the evolving
healthcare market. In addition, the OCS product portfolio leveraged
across NRC clients, most notably the 7,000 long-term care providers,
creates an exciting new market for OCS benchmarking products."
Pat Beans, chief financial officer of National Research Corporation,
added, "We expect this acquisition to be immediately accretive to NRC's
2010 earnings. The estimated 2010 total contract value at closing for
OCS is $7.4 million."
Founded in 1992, OCS will remain in Seattle, Washington, and Amanda
Twiss will remain president of the organization.
National Research Corporation, headquartered in Lincoln, Nebraska, is a
leading provider of performance measurement, improvement services and
governance education to the healthcare industry in the United States and
Canada.
This press release includes "forward-looking" statements related to
National Research Corporation ("the Company" ) that can generally be
identified as describing the Company's future plans, objectives or goals.
Such forward-looking statements are subject to risks and
uncertainties that could cause actual results or outcomes to differ
materially from those currently anticipated. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. For
further information about the factors that could affect the Company's
future results, please see the Company's filings with the Securities and
Exchange Commission.

National Research Corporation
Patrick E. Beans, 402-475-2525
Chief
Financial Officer
Copyright © 2012, Business Wire, Inc., All rights reserved.
Copyright © 2012, NewsBlaze,
Daily News