Totvs acquires Seventeen and strengthens its position in healthcare

Totvs announced the purchase of 100% of the share capital of Seventeen Tecnologia da Informação em Informática, developer of management solutions for the Healthcare segment.
 
The initial investment will be R$ 12.45 million. In addition, the payment of a variable amount is foreseen, according to the fulfillment of financial and operational goals established in the contract. The additional amount may reach R$ 5.7 million, to be paid by 2017.
 
"With this movement, Totvs reinforces its specialization strategy, bringing to the group a company with deep knowledge of the Health segment", says Alexandre Dinkelmann, executive vice president of strategy and Finance.
 
Seventeen has been providing technology services to the Health market and to TOTVS since 2005 and, last year, had a turnover of R$ 13.3 million. The company has more than 130 employees located in the Caxias do Sul (RS), Joinville (SC) and Sorocaba (SP) units and has customers of all sizes, especially large health insurance operators across the country.
 
Currently, Totvs manages more than 12 million lives and 9.7 thousand beds with its solutions for Health. The offers cover the entire chain of the segment and are part of the life management cycle, from the provision of assistance services to the financial relationship. with providers and operators. The products serve both hospitals, doctors, laboratories and diagnostic centers, as well as the paying system, as health plan operators and governments - always complying with the requirements of regulatory agencies.