Top 10 Healthcare IT Companies | March 31, 2009
In their second year on the Branham300, the Top 10 Health care IT Companies further solidified themselves as an emerging group by achieving a combined $7.27 billion in revenue in 2008, an eight per cent increase over the 2007 representatives. Seven of the companies listed in 2007 return in 2008, with nine of the 10 experiencing positive revenue growth.
Following its acquisition of Emergis in early 2008, Telus enhanced its position as the number one Health care IT Company in Canada, increasing revenue by 11 per cent to reach $6.7 billion. Nova Scotia-based xwave experienced year-over-year growth of seven per cent to maintain its number two position in 2008, while newcomer Logibec Group Informatique increased revenues by 49 per cent, largely attributed to acquisitions it made in the American eldercare software market.
Analyzing the geographical breakdown of this year’s Top 10 illustrates that the majority of the companies appearing on the list are located in Central Canada, with 30 per cent headquartered in each of Ontario and Quebec. Alberta follows with 20 per cent, while B.C. and Nova Scotia house 10 per cent each.
Top 10 Healthcare IT Companies - 2008
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