On Wednesday, Koch Equity Development said it had purchased a more than $2 billion stake in Infor, a New York City-based enterprise software provider. Koch Equity Development — which already owns brands like Brawny, Dixie Cups and Lycra — plans to be an active investor; the company will receive four out of Infor’s nine board seats.
The deal is slated to close in early 2017. Infor plans to use this funding on acquisitions and a commitment to software subscriptions delivered via cloud, according to Reuters.
More articles on health IT:
AHA advocates for regulatory flexibility in EHR incentives
Employers search an average of 96 days to find applicants proficient in cloud security, report finds
Ambra Health unveils RADxx initiative to encourage female leadership in digital health, informatics
