M&A, Financial Reports and Funding
7 Medical Systems -- a provider of on-demand digital imaging, electronic health record and revenue cycle management systems -- has completed its acquisition of Manager Consultoria em Informatica LTDA EPP, a Brazilian health informatics company, for an undisclosed sum...VeriTeq Acquisition -- which markets implantable RFID systems for patient identification and sensor applications -- has acquired an implantable microchip, related technology and a personal health record system from PositiveID for an undisclosed sum...InVentiv Health, a consulting firm, will acquire the promotional and medical audit businesses of SDI Health, a health care analytics company, for an undisclosed sum.
Change Healthcare, a vendor of health care cost analysis tools, has raised $9.3 million in Series C funding with contributions from several investors...Sharecare, an interactive health and wellness social platform, has raised $14 million in growth equity financing with contributions led by Galen Partners and TomorrowVentures.
IASIS Healthcare, a Tennessee-based operator of acute care hospitals, will deploy NextGen Healthcare Information Systems' practice management and revenue cycle management systems...the Department of Defense's Defense Health Services Systems Program Executive Office has awarded a five-year, $96 million contract to Planned Systems International to provide code maintenance for its Military Health System applications; DOD's Defense Logistics Agency Troop Support has awarded a one-year, $43.2 million extension contract to GE Healthcare to provide patient monitoring systems to various military and federal civilian agencies.
Iowa e-Health -- a consortium of health care payers, providers and consumers -- has awarded a five-year, $12 million contract to Xerox ACS to implement and manage the state's health information exchange...Ellenville Regional Hospital in New York state will implement Healthcare Management Systems' clinical and financial applications...Ono Pharmaceutical in Japan has selected Medidata Solutions' electronic data capture and clinical data management applications...Westchester Medical Center in New York state will roll out QuadraMed's identity management application.
Nationwide Children's Hospital in Ohio has extended for five years its licensing agreement with Streamline Health Solutions and will implement additional document management and workflow systems...QuadMed, a health care management services provider, will deploy telehealth technology from MDLiveCare to expand consumer access to QuadMed's clinic health care services.
Product Development and Marketing
HITECH Answers, a provider of online educational tools for EHR adoption, and UBM Medica, a health care communications provider, have partnered to market and distribute their products to health care professionals and consumers...CSC, a provider of technology-enabled business tools, and Softheon, a provider of health care business process optimization services, have formed a software distribution alliance to provide efficiency optimization and enhanced productivity services.
OnX, a provider of data center IT systems, and MEDSEEK, a health IT services provider, have formed a strategic partnership to help health care organizations optimize their IT investments...health IT company Mediture and medication therapy management and pharmacy services company CareKinesis have partnered to develop their EHR and pharmacy applications to improve medication management for seniors...BridgeFront, a provider of online education services, is partnering with health care consulting company Coding Institute to offer online ICD-10 training.
Thomas Niehaus -- executive vice president for client services at Encore Health Resources, a health IT consulting firm -- has been named president and COO of the company; Dana Sellers -- Encore's former president -- will continue as the company's CEO...Doug Schneider -- former executive vice president of innovation for health care at Thomson Reuters -- has been named CEO of Connecture, a provider of online health insurance distribution and administration services.
Matthew Sappern -- former senior vice president of client sales at EHR provider Allscripts -- has been named CEO of PeriGen, an obstetrics IT company...Dennis Morrison -- former CEO of the Centerstone Research Institute -- has been named chief clinical officer at Netsmart Technologies, a vendor of mental and behavioral health care software and services.