Firm shoots for growth in vaccines, ID cards

LAKEWOOD RANCH — Roper Technologies, a business conglomerate in everything from medical software to IT, acquired two companies, one in health care and another in ID card technology.

One company is Rolling Meadows, Ill.-based RF IDeas, which specializes in designing and manufacturing high-tech card readers for employees to enter into offices. The second acquisition is of Farmington, Conn.-based Atlantic Health Partners, a group purchasing organization that specializes in vaccines for physicians.

The combined purchase price for both companies, according to a statement, is $277 million. Roper officials expect the two acquisitions to contribute about $60 million of revenue over the next 12 months, the release adds. Roper had $3.5 billion in sales in 2014.