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As part of the purchase agreement, Healthlink's 625 employees will join IBM's Business Consulting Services unit to collaborate with clients about on-demand health care services.
Neil de Crescenzo, healthcare industry leader for IBM, said the acquisition of Healthlink is expected to help increase IBM's standing in the healthcare provider industry.
The deal comes just a few days after services provider Accenture paid $175m for Capgemini's North American healthcare consulting practice, leading some industry observers to predict an increase in healthcare IT spending.