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.

“We are excited to add two more outstanding businesses to the Roper family,” Roper Chairman, President and CEO Brian Jellison says in the release. “RF IDeas benefits from its proprietary identification technologies and has an outstanding track record of growth in attractive end markets. AHP adds another strong network company to Roper.”

Roper has spent more than $4 billion to acquire technology-focused businesses since 2010. That includes medical software, information networks, medical products and Software-as-a-Service firms.