Telstra acquires healthcare analytics company

Dr Foster confirms acquisition by Telstra Health

Telstra's healthcare division has acquired UK-headquartered health analytics company Dr Foster.

In addition to the UK and Australia, Dr Foster operates in China and a number of European nations.

"We're delighted to acquire Dr Foster," Telstra Health managing director Shane Solomon said in a statement.

Telstra has been a reseller of Dr Foster since late 2013.

"When the opportunity arose to purchase the company we saw it as a logical next step, acquiring not only a leading and innovative business but also the experience and skills that will help us compete on the global stage," Solomon said.

"Health analytics is a key ingredient to improving efficiency, safety and outcomes for patients, providers and health insurers. The acquisition of Dr Foster aligns with Telstra Health’s strategy to create a truly connected health care system and become a leading provider of integrated eHealth solutions.

"We’re committed to building the business, both in the established markets in Australia and the UK, but also to explore more global opportunities and ways we can integrate the product with other eHealth solutions to create a connected system."

"We're committed to building ... a truly national, connected eHealth environment, what we call eHealth network, for Australia," Telstra CEO David Thodey said earlier this year during an analyst briefing on the telco's results for the six months ending 31 December.

"During the half we invested over $67 million in eHealth and our ambition is definitely to be the leading provider of integrated eHealth solutions and services in Australia.

"Since the 1st of July last year, 2014, we’ve made six acquisitions and joint ventures, to bring the total number to 14. This includes our 100 per cent acquisition of iCareHealth and Telstra Readycare, a joint venture with the world leading based tele-medicine company, Medgate, so a lot of activity in this area. So e-health is very important as we move forward."

"Asia, e-health and software continue to be absolutely key focus areas as we drive out growth, growth for the future, and it is these initiatives that will lay the foundations for growth, we believe, into the next decade," the CEO said.

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