M&A, Financial Reports and Funding
Science Applications International Corporation -- a scientific, engineering and technology applications developer -- has completed its acquisition of health IT consulting firm maxIT Healthcare for about $473 million in upfront cash and an additional $20 million in payments to shareholders at closing...IMS Health, a health information services and technology provider, has acquired PharmaDeals, a Web-based database on the pharmaceutical industry, for an undisclosed sum; IMS Health also has acquired TTC, a drug trials data analytics provider, for an undisclosed sum.
American Cyber Systems, an IT services and staffing firm that serves the health care industry and other sectors, has acquired Cross USA, a provider of outsourced IT services for the health care industry and other sectors, for an undisclosed sum...Streamline Health Solutions, a provider of enterprise content management and business analytics tools for the health care industry, has acquired Meta Health Technology, a provider of health information management systems, for about $15 million...TrustHCS, a health information management, coding, compliance and revenue cycle consulting firm, has merged with Legacy Coding, a provider of clinical coding and auditing services.
Emdeon, a provider of health care revenue cycle management and clinical information exchange tools, reported a Q2 2012 net loss of $35.4 million on $294.5 million in revenue, compared with a Q2 2011 net income of $9.2 million on $282.1 million in revenue...MMRGlobal, a provider of personal health records and electronic data storage services, reported a Q2 2012 net loss of $1.37 million on $198,770 in revenue, compared with a Q1 2011 net loss of $2.38 million on about $165,641 in revenue.
Samaritan Health Services in Oregon has selected iSirona's medical device connectivity software...HHS has awarded a five-year contract worth up to $20.6 million to General Dynamics Information Technology to provide software engineering and support services for the Indian Health Services' electronic health information system...Texas Health Resources has selected Medicity's health information exchange technology.
The Outpatient Diagnostic Center of Beaumont in Texas has implemented eRAD's Web-based radiology image and data management tools...Winkler County Memorial Hospital in Texas has selected Prognosis Health Information Systems' billing and revenue cycle management system...Catholic Health Initiatives has deployed Premier Healthcare Alliance's integrated performance platform to connect its hospitals with clinical data...Fayetteville Medical Associates in Tennessee has selected PatientPoint's care coordination platform.
Product Development and Marketing
National Electronic Attachment has announced a partnership to integrate its electronic attachment technology with Renaissance Systems and Services' electronic claims management tools for the dental industry...Practice Fusion, a provider of Web-based EHR tools, has partnered with the New Jersey Health IT Extension Center to help physicians in the state meet meaningful use requirements...ClearDATA, a provider of health care cloud computing platforms and services, is partnering with Wide River Technology Extension Center -- Nebraska's health IT regional extension center -- to help health care providers meet meaningful use requirements
IBM is collaborating with CDC and the Public Health Data Standards Consortium to help standardize the exchange and use of public health data to boost health care quality and care coordination...Shareable Ink has announced a partnership to offer its ambulatory record tool to physician practice clients of HealthCo Information Systems that are using GE Healthcare's EHR system...MEDSEEK, a patient engagement platform provider, has partnered with GetWellNetwork, a provider of interactive patient care applications, to provide health care organizations with an advanced patient engagement portal...The Statewide Health Information Network of New York is partnering with New York City's Interboro Regional Health Information Organization to help unify New York's regional health data exchanges into a statewide network.
Harris Corporation, a communications and IT firm, has announced an agreement with Quest Diagnostics, a provider of diagnostic testing services, to expand the type of services offered by the Florida Health Information Exchange; ApeniMED, a provider of clinical networking interoperability tools, also has partnered with Quest Diagnostics' content management division to streamline Medicare audit responses...Clickatell, a mobile messaging provider, has partnered with InSTEDD, a not-for-profit global health organization, to use wireless communications tools to support global health initiatives...NEC, a provider of IT, networking and biometric tools, has entered into a distribution agreement with EXTENSION, a provider of health IT and communication tools.
Tommy Swider -- former senior vice president of professional services and customer support at Astea International, a provider of service management software -- has been named director of professional services at EngagePoint, a provider of health IT tools and services...A. Jeffrey Newell -- former COO at Quality Partners of Rhode Island, a Medicare quality improvement organization -- has been named senior vice president of operations at Millennium Pharmacy Systems, a provider of electronic medication ordering tools and other pharmacy services.
Adam Hameed -- former senior vice president of data and analytics solutions at Emdeon, a provider of health care revenue cycle management and clinical information exchange tools -- has been named chief revenue officer at Silverlink Communications, a provider of consumer health engagement technology and services; Paul Fitzgerald -- former vice president of finance and treasurer at ITA Software, a software developer for the travel and airline industry -- has been named CFO at Silverlink Communications...Nicholas Valeriani -- former corporate vice president of human resources at Johnson & Johnson -- has been named CEO of West Health and the West Health Institute, a not-for-profit organization focused on developing medical devices and technologies.
Steve Brewer -- former executive vice president of Merge Healthcare, a medical imaging company -- has been named chief sales and marketing officer of Origin Healthcare Solutions, a developer of health care revenue cycle management tools; Christine Campbell -- former chief client officer at Medical Present Value, a developer of patient and payer management software -- has been named chief client officer at Origin Healthcare Solutions.