Altarum acquires health care research company for $10.5M.(Altarum Institute)(Health Systems Research Inc.)

Crain's Detroit Business, June, 2006

Byline: Sherri Begin Altarum Institute has paid $10.5 million to acquire a Washington-based for-profit company. Health Systems Research Inc. will operate as a for-profit subsidiary until it is merged with the nonprofit over the next 18 months, said Altarum CEO Ken Baker. "We want to work through what the best practices of each organization are and have an orderly migration into the nonprofit,'' he said.

"But operationally, we'll start looking at bidding programs together immediately.'' Lawrence Bartlett, who founded Health Systems in 1980, will remain president. Health Systems Research, a public-policy research and consulting firm founded in 1980, has helped local, state and federal agencies develop policies and programs for providing health care to...

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