Fidelity National Financial will grow T-System by helping it with acquisitions, said Fidelity National Financial Chairman William Foley II in a release. The company’s investment arm, FNFV Group, will pay cash for the Dallas-based vendor.
“With the financial backing and stability of a Fortune 500 company we can accelerate innovation, performance and growth in our current markets,” said T-System CEO Roger Davis in a statement. The investment will also allow the company to broaden its footprint across healthcare, he said.
Currently, about 40% of U.S. hospital-based and free-standing emergency departments and urgent-care centers use T-System’s products, which include technology for documentation, clinical decision support and revenue cycle.
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Rachel Arndt joined Modern Healthcare in 2017 as a general assignment reporter. Her work has appeared in Popular Mechanics, Quartz, Fast Company, and elsewhere. She has MFAs in nonfiction and poetry from the University of Iowa and a bachelor’s degree from Brown.