Iron Mountain Acquires RMS Services - USA, Inc. |
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Iron Mountain Incorporated
745 Atlantic Avenue
Boston, MA, 02111
USA
Press release date: October 2, 2007
Acquisition Expands Company's Health Information Services Portfolio with Active, Outsourced File Room Solutions
BOSTON, Oct. 2 / -- Iron Mountain Incorporated (NYSE:IRM), the global leader in information protection and storage services, today announced its acquisition of RMS Services - USA, Inc., a $27 million records management company and the industry leading provider of outsourced file room solutions for hospitals. Terms of the deal were not disclosed.
For more than 30 years, RMS' vision has been to help large healthcare systems improve organizational performance and operating results through comprehensive, next-generation file-room and film-library management solutions. RMS, like Iron Mountain, has deployed innovative records management services that drive operational savings and immediate customer benefits, and that assist in the transition to an electronic environment.
"Iron Mountain and RMS have a shared passion and vision of making electronic medical records a reality," said Mark Rempe, vice president of Health Information Services, Iron Mountain. "RMS' enterprise-wide file room and film library solutions complement Iron Mountain's current health information services solutions, and further helps to solve the evolving challenges of healthcare providers that are transitioning to electronic health records. Furthermore, RMS is a proven innovator in the hospital medical records management industry and Iron Mountain will benefit from the addition of the Company's talented and tenured executive team."
Iron Mountain will be retaining former RMS employees and is committed to ensuring that customers will be supported by the same hard-working staff that presently service their accounts. Additionally, Ed Santangelo, former RMS president and CEO, as well as his leadership team, will be joining Iron Mountain. Santangelo will become president of Health Information Services Consulting.
"Over the past two years, RMS has experienced significant growth and our clients have confidence in our knowledge and ability to support their transition to electronic records management," said Santangelo. "Iron Mountain understands our value proposition, as well as the healthcare market, and has the geographic footprint and capital to finance our growth and to support and retain our client base."
Both Iron Mountain and RMS have years of experience in delivering comprehensive health information management solutions that meet the unique file room and film management challenges of healthcare providers -- such as managing both physical and digital records simultaneously, enabling timely access to patient records, and complying with ever-growing patient-privacy and records-management regulations. Over the past 20 years, Iron Mountain has served more than 45,000 healthcare accounts in North America, including 2,000 hospitals.
For more information about Iron Mountain's Health Information Services solutions, please see http://www.ironmountain.com/solutions/industry/healthcare/.
About Iron Mountain Iron Mountain Incorporated (NYSE:IRM) helps organizations around the world reduce the costs and risks associated with information protection and storage. The Company offers comprehensive records management and data protection solutions, along with the expertise and experience to address complex information challenges such as rising storage costs, litigation, regulatory compliance and disaster recovery. Founded in 1951, Iron Mountain is a trusted partner to more than 100,000 corporate clients throughout North America, Europe, Latin American and Asia Pacific. For more information, visit the Company's Web site at www.ironmountain.com.
Contact: Laura Sudnik Iron Mountain Laura.sudnik@ironmountain.com (617) 535-2907
Derek Delano / Sara Steindorf Weber Shandwick ddelano@webershandwick.com / ssteindorf@webershandwick.com (617) 520-7120 / (617) 520-7259
FCMN Contact: laura.sudnik@ironmountain.com
Source: Iron Mountain Incorporated
Web site: http://www.ironmountain.com/
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