API Healthcare Announces Termination of Merger Agreement with Kronos, Inc.

Healthcare workforce management leader looking forward to continuing growth as a standalone company

HARTFORD, Wis.--(BUSINESS WIRE)--API Healthcare, the leader in healthcare-specific workforce management technology, today announced the termination of its previously announced merger agreement with Kronos, Inc. Following yesterday’s announcement that API Healthcare intended to terminate the agreement next month if regulatory approvals were not received from the Department of Justice, the two companies reached a mutual decision to terminate the merger agreement effective immediately.

With nearly 30 years of healthcare-specific workforce management experience and installations in more than 1,000 client sites, API Healthcare has firmly established its presence as the leading workforce management technology solution for the healthcare industry. Today’s announcement enables API Healthcare to continue to focus on the innovation and delivery of workforce management solutions that allow healthcare providers to effectively balance quality of care and cost.

About API Healthcare

API Healthcare is the largest healthcare‐specific vendor of workforce management solutions to the healthcare industry. The company’s staffing and scheduling, patient classification, human resources, recruiting, payroll, time and attendance, business analytics and staffing agency solutions are used by more than 1,000 hospitals and staffing agencies. Founded in 1982, API Healthcare has been rated by KLAS® in the Top 20 Best in KLAS Awards Report (www.KLASresearch.com) as the top time and attendance provider system for the last nine years (2002‐2010). More information can be found at www.apihealthcare.com.