M&A, Financial Reports and Funding
The Healthcare Information and Management Systems Society has acquired the Medical Banking Project for an undisclosed sum...CareTech Solutions, a software and outsourced IT services provider, will acquire Interactive Global Communications Network, a Web site developer for hospitals and delivery systems...Initiate Systems, a vendor of data management and information sharing systems, has acquired Accenx Technologies, a provider of health information exchange software, for an undisclosed sum.
Health IT firm McKesson Technology Solutions reported a Q2 2010 operating income of $116 million on $790 million in revenue...athenahealth, a vendor of physician billing surveys bundled with practice management and EHR software, reported a Q3 2009 net income of $2.1 million on $48.7 million in revenue...Cerner, a vendor of health IT software, reported a Q3 2009 net income of $48.4 million on $409.4 million in revenue.
Mediware Information Systems reported a Q1 2010 net income of $619,000 on $10.7 million in revenue...AMICAS, a provider of image and information management software, reported a Q3 2009 operating income of $400,000 on $27.2 million in revenue...WebMD reported a Q3 2009 operating income of $12.6 million on $111.6 million in revenue.
NextGen Healthcare Information Systems, a vendor of physician software, reported a Q2 2010 operating income of $21.8 million on $67.4 million in revenue...Merge Healthcare, a vendor of medical imaging software, reported a Q3 2009 loss of $900,000 on $16.9 million in revenue.
Contracts
The Defense Health Informational Management System Program Office has awarded Planned Systems International a one-year contract worth up to $8.3 million to provide operations and maintenance support to the military's AHLTA-Theater EHR system...St. Rose Hospital in California will implement McKesson's Horizon Cardiology CVIS data management system.
The Area Agency on Aging of Western Arkansas, a provider of home care, hospice and private duty services, has selected Delta Health Technologies' Encore revenue auditing software...Eli Lilly has selected ICON to manage its clinical data management abroad...Crittenton Hospital Medical Center in Michigan has selected McKesson's Horizon Enterprise Revenue Management system.
King Edward VII Memorial Hospital and Lamb Foggo Urgent Care Centre in Bermuda have implemented MEDHOST's ED information system...Gulfport Memorial Hospital in Mississippi has selected Allscripts' EHR and practice management system and revenue cycle management platform.
Product Development and Marketing
Candelis, a medical informatics company, will distribute and sell its ImageGrid PACS-RT Appliance and ImageGrid RT Viewer through Siemens Healthcare's Oncology Care Systems business unit...Express Scripts and Greatwater will partner to offer Greatwater's PatientPoint kiosk platform to Express Scripts' members...MEDecision and Blue Cross and Blue Shield of Oklahoma have launched a joint patient-centered medical home project.
Personnel
John Nackel, a former global managing director of health care consulting at Ernst & Young, has been named CEO of Ingenix's consulting unit...Anthony Vuolo, COO of WebMD, has been named CFO of WebMD...Constance Sjoquist, a former executive at UnitedHealth Group, has been named vice president of TPA sales at Consumer Health Technologies.