The Advisory Board Co. (ABCO) Buys Crimson
Health care analytics and business intelligence provider Crimson has been picked up by The Advisory Board Co. (ABCO), a publicly traded Washington, D.C. company. Crimson provides data, analytics and business intelligence software to hospitals, health systems and physician clinics. The Advisory Board Co. purchased Austin-based Crimson, which will continue operations as a subsidiary of the Washington firm. The initial purchase price is approximately $23 million, but that figure would increase with additional payments made if certain performance milestones are met by March 31, 2010. "We are very excited to work as part of The Advisory Board team and to continue…