Quadramed Corporation (Quadramed) is a publicly held healthcare IT company engaged in providing healthcare information technology (HIT) solutions to healthcare organizations. The company operates through its wholly owned subsidiaries which are operated under common management. The company classifies its software products in five categories namely Access Management, Smart Identity Management, Care Management, the departmental health information management (HIM), and Patient Revenue Management. Quadramed`s solutions are designed to leverage better care into positive financial outcomes. The company provides its solutions to hospitals, academic hospitals, local and regional delivery networks, hospital-based clinics and governmental agencies including the 147 Veteran`s Administration hospitals. The company mainly operates in the US and its subsidiaries are located in the UK, Australia, Europe, and the US. Recently, Francisco Partners, a private equity firm, has entered into an agreement to acquire all the outstanding shares of Quadramed. The company is headquartered in Virginia, the US.The company reported revenues of (U.S. Dollars) USD 150.44 million during the fiscal year ended December 2008, an increase of 9.53% over 2007. The operating profit of the company was USD 10.71 million during the fiscal year 2008, an increase of 35.07% over 2007. The net profit of the company was USD 7.17 million during the fiscal year 2008, a decrease of 88.63% from 2007.