Cority’s Acquisition Of Axion Health Establishes Leadership In Employee Health And Safety Solutions For The Healthcare Industry
On October 16, 2019, EHSQ software provider Cority announced its acquisition of Axion Health, Inc., an employee health software solution provider for the healthcare industry. Axion Health was founded in 2004 and its SaaS solution, ReadySet, is used by over 100 hospital systems to ensure compliance and improve employee care and wellness. The terms of the deal were not disclosed.
Cority, which private equity firm Thoma Bravo acquired this May, has consistently been recognized as a market leading vendor for industrial hygiene and occupational health software solutions. This acquisition aims to strengthen Cority’s already-recognized prowess in these fields, while also building on its penetration in the healthcare provider market with Axion’s turnkey solution for employee health. In the Verdantix Green Quadrant EHS Software 2019 report, Cority received the highest scores for both its industrial hygiene and occupational health capabilities.
Cority looks to garner increasing market share in essential compliance and regulatory processes for customers’ EHS function. According to the most recent Verdantix global survey of 411 EHS decision-makers, 71% of respondents will utilize software for industrial hygiene or occupational health within their operations during 2019.