M&A, Financial Reports and Funding
The Outsource Group, a provider of revenue cycle management services for the health care industry, has acquired XAM Business Services and MAX Revenue Solutions -- linked companies that provide business process outsourcing, revenue cycle management and debt collection services -- for an undisclosed sum...Netsmart, a health care software provider, has acquired Behavioral Pathway Systems, a benchmarking company, for an undisclosed sum...Siemens Healthcare, a provider of medical imaging technology and hospital data management systems, will acquire Penrith, a provider of integrated ultrasound imaging systems, for an undisclosed sum.
Patientco, a provider of health care expense management tools, has raised $3.75 million in Series A funding led by BlueCross BlueShield Venture Partners and Sandbox Industries...Telcare, a provider of wireless glucose monitoring systems, has raised $25.5 million in Series B funding led by Sequoia Capital and Qualcomm Life Fund.
Advocate Health Care in Illinois has deployed Convergence CT's clinical data warehouse technology and services...the Department of Veterans Affairs has awarded Ray Group International a one-year, $4.5 million contract to reorganize the legacy code of VA's VistA EHR system into modular components...Orthopaedic Associates of Central Maryland will deploy ChartLogic's EHR system...Jefferson Radiology in Connecticut will deploy Catbird's virtualization security system in its central data center...Virginia Physicians will deploy eClinicalWorks' suite of software tools, including its EHR and practice management systems.
Union General Hospital in Louisiana has selected Healthcare Management Systems' EHR system...Arkansas Heart Hospital has awarded Siemens Healthcare a 10-year, $10 million contract to implement a range of clinical and financial applications...CMS has awarded Creative Computing Solutions and Foreground Security a contract worth up to $30 million to provide up to five years of security services for the agency's cloud computing system...Sentara Healthcare in Virginia has selected MDLIVE, a telehealth services provider, to facilitate virtual visits between Sentara's physicians and their patients...Pharmacy chain Walgreens will deploy Greenway Medical Technologies' EHR system in its nearly 8,000 pharmacies.
Children's Hospital & Research Center Oakland in California has selected Merge Healthcare's Web-based medical image viewing and sharing tools...Avon Urgent Care in Indiana has selected iSALUS Healthcare's Web-based EHR system...eHealth Saskatchewan has selected Science Applications International Corporation to provide implementation and maintenance technology services to support the province's EHR system...Mountain States Health Alliance in Tennessee and Virginia has selected Siemens' perioperative management system by Surgical Information Systems...Trinitas Regional Medical Center in New Jersey will integrate Hyland Software's enterprise content management system with its Allscripts EHR system.
Product Development and Marketing
EHR provider Allscripts has partnered with Microsoft to expand Allscripts' application developer program...ZOLL Medical Corporation, a manufacturer of medical devices and related software, has entered into an agreement to license Inovise Medical's diagnostic technology as part of ZOLL's wearable defibrillator.
Matt Maloney -- co-founder and CEO of GrubHub, an online and mobile food ordering platform -- has been named director of Merge Healthcare's board of directors...Rick White -- former president at PracticeMax, a developer of practice management software for health care providers -- has stepped down from his role; Patrick Lukacs -- former vice president of software services at PracticeMax -- has been named senior vice president of operations at the company...Mike Coyne -- former CEO at Verisk Health, a health care software developer -- has been named president of QuantiaMD, an online learning network for physicians.
Scott Decker -- president of NextGen Healthcare, a provider of EHR, practice management and revenue cycle management tools -- will resign from the company effective Sept. 7...David Marek -- formerly of Inferential Focus, a business intelligence think tank -- has been named executive vice president of consumer services at WebMD, a health information services provider...Shawn DeWane -- former senior vice president of sales and marketing at Emdat, a medical transcription and dictation technology services provider -- has been named executive vice president of business development at Hayes Management Consulting, a health care consulting firm that specializes in health IT strategic planning.