This is M&A deal Number 149 that ChannelE2E has covered so far in 2020. See the complete M&A deal list here.
Founded in 2001, Nexus offers managed IT, VoIP office solutions, and application hosting services to various healthcare organizations in Ohio and the Midwest. The deal enables Medicus to improved service delivery and offerings, the company asserts. It will also expand MIT’s reach, which now consists of five regional offices in the United States.
Medicus IT Acquires Nexus Practice IT Services: Executive Perspectives
Chris Jann, CEO of MIT, commented:
"The joining of the talented Nexus team with MIT elevates the level of service delivery to our clients and introduces additional service offerings. Furthermore, the Ohio location addition expands our reach and position as the foremost healthcare IT authority."
Alan Arman, President and CEO of Nexus, called the joining of the companies “a great cultural fit,” adding:
"The combining of our companies and expanded access to resources is instrumental in delivering our shared promise of making IT simple and more effective for our clients."
The MIT and Nexus teams will remain unchanged, the company said.
Medicus IT: Merger and Acquisition Experience
MIT already has considerable M&A experience behind it. Most recently, the firm acquired Rutherford, New Jersey’s PriorityOne Group.
Other acquisitions have included:
MIT manages 400+ customer locations and 6,000+ endpoints in healthcare practices across the Southeast United States, Medicus IT indicates on its website.
Medical practitioners – doctors offices, imaging centers, dental practices, clinics, and other healthcare facilities – are no different than other companies looking for outsourced IT help. However, getting a handle on compliance issues like HIPAA and electronic health records (EHRs) can be difficult for channel partners. Companies like Compliancy Group have emerged to help MSPs understand HIPAA and other healthcare-related services.