M&A, Financial Reports and Funding
HealthStream, a provider of education and research software for the health care industry, has acquired Sy.Med Development, a developer of credentialing software for health care organizations, for about $7 million...Information Architects, a medical and life settlement company, has acquired Logica Healthcare Group, a provider of telehealth systems and other health IT tools, for an undisclosed sum...AdvantEdge Healthcare Solutions, a provider of medical billing, practice management and coding services, has acquired Medrium, an emergency-medical and ambulance-service billing and practice management provider, for an undisclosed sum.
Navicure, an online medical claims clearinghouse for physician practices, reported a 30% increase in revenue in Q3 2012, compared with Q3 2011...Computer Task Group, a health IT company, reported a Q3 2012 net income of $3.81 million on $106.4 million in revenue, compared with a Q3 2011 net income of $2.99 million on $101.1 million in revenue.
University Health System in San Antonio and CHRISTUS Health, a health care system in Texas, have selected OZ Systems' electronic messaging platform for notifications about newborn admissions...Huntington Medical Foundation, a California-based group of physician practices, has selected Allscripts' revenue cycle management system...Ear, Nose and Throat Associates of South Florida and Ortho Montana, a four-office orthopedic practice, have selected Navicure's online medical claims services...University Physicians Group in New York will implement PatientPoint's care coordination platform and workflow tools.
Tigermed Consulting, a China-based contract research organization for health care products, has selected Merge Healthcare's clinical trial management services...Vanguard Health Systems, which operates health care facilities in five states, will implement AirStrip Technologies' suite of mobile health and patient monitoring tools...Prime Healthcare Services, which operates hospitals in California, Nevada, Pennsylvania and Texas, has selected FairWarning's patient privacy monitoring tools for EHR systems...MedVirginia, a health information exchange, has extended its contract to use Alere Wellogic's health information exchange and care coordination services.
Queens Long Island Medical Group in New York has selected SA Ignite's meaningful use reporting and attestation services...Johns Hopkins Medicine, a Maryland-based health care system, has selected M*Modal's clinical transcription and natural language understanding tools...Hi-Desert Medical Center in California has selected CareTech Solutions' document imaging software and management tool...Holston Medical Group -- a network of health care providers in Tennessee and Virginia -- has selected Performance Clinical Systems' cloud-based care coordination system.
Product Development and Marketing
Nuance Communications will integrate its cloud-based medical voice recognition software with Epic's mobile EHR applications...Logicalis, a provider of IT tools and managed services for several industries, has announced a partnership to provide Health Care DataWorks' health care business intelligence services to hospitals and health care systems...ClearDATA Networks, a provider of health care cloud computing services, has announced a partnership to offer and support Acuo Technologies' clinical platform for medical image content.
Fovia Medical will integrate its volume rendering technology into Sisoft Healthcare Information Systems' medical image viewers and picture archiving and communication systems...Omnicell, a provider of medication management tools and health care analytics software, has partnered with Cerner, a provider of clinical and revenue cycle management tools, to streamline medication and supply management processes.
Mark Schanck -- former vice president of business development at HBCS, a health care billing and management company -- has been named senior vice president of sales and marketing at Convergent Revenue Cycle Management, a provider of patient access and revenue cycle management systems...Bill Peck has been named vice president of business development and sales at Net Medical Xpress, a provider of telehealth tools for hospitals; Nestor Pena -- director of operations at Net Medical Xpress -- has been named vice president of the operations and services division at the company; David Michalski has been named vice president of customer relations at Net Medical Xpress.
Kaoru Hiraoka -- general manager of advanced technology and standardization for Fujitsu Limited's mobile phones unit -- has been appointed to the board of directors for Continua Health Alliance, a not-for-profit industry organization focused on promoting connectivity among personal health devices; Thierry Zylberberg -- executive vice president of the France Telecom-Orange Group and director of Orange Healthcare -- has been appointed to the board of directors for Continua Health Alliance...Mark Sapp -- principal of the consulting group Vivios Technology -- has been named chief technology officer of OnSomble, an online nurse community and professional nurse development company.
Toni Hays -- president of Regis College -- has been named to the advisory board for Health eVillages, a provider of mobile health technology to clinicians practicing in challenging environments; Tim Bristol -- a nurse educator, informatics specialist and educational consultant -- also has been named to Health eVillages' advisory board; Caleb DesRosiers -- health care counsel at the law firm Foley Hoag and strategic adviser to Mansa Capital -- also has been named to Health eVillages' advisory board.