However, using one single system for 27 distinct hospitals within a health system facilitates care coordination and data sharing more than using two or three disparate systems. Financial terms of the deal were not disclosed.In a news release from both companies, HealthTech Holdings said with the acquisition, combined revenue is expected to be more than $100 million in 2010. The deal follows Health Management Systems' additions of the HMS Ambulatory EHR, which helped the company offer a clinical package that uses physician practice management and electronic health-record functionality to provide services for patients between the hospital and the physician's office.The companies said the deal will allow both organizations to benefit from each other's strengths. HealthTech Holdings HealthTech Holdings, Inc. is a health information technology holding-company, with portfolio companies including HMS, MEDHOST and Sentry Announced Date Jan 1, 2010 Acquisition Type Acquisition Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone. He was instrumental in its acquisition by HealthTech in 2010.
Join the conversation with Modern Healthcare through our social media pagesJudge tosses data-sharing lawsuit against UChicago, Google Try us for 1 week free today! We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them. In a whistleblower lawsuit, two former senior IT executives at Community Health Systems allege the healthcare system submitted hundreds of millions … The largest information technology acquisition in 2010 was McAfee - which was acquired by Intel for $7.7B. We help you make informed business decisions and lead your organizations to success. HealthTech changed its name to MEDHOST, Inc. and reintroduced its portfolio of healthcare technology products and services under MEDHOST’s brand. He was instrumental in its acquisition … 6100 West Plano Parkway, MedHost is a provider of the Emergency Department Information System (EDIS), a system that changes emergency medicine and improves the lives of millions of individuals each year. Herrod, a well-respected and tenured healthcare industry executive, was the president and CEO of HealthTech’s MEDHOST subsidiary where he led the company in its growth from a struggling entrepreneurial company to the leading provider of emergency department technology. However, the acquisition of Athenahealth by private equity firms Veritas Capital and Evergreen Coast Capital, a subsidiary of Elliott Management, has created uncertainty about the company’s future.
MedHost was formed in 1996 and is based in Dallas, Texas. Nashville-based HealthTech Holdings, parent company to Healthcare Management Systems, said it has acquired MedHost, a company in Addison, Texas, that develops information systems for emergency departments. MedHost was formed in 1996 and is based in Dallas, Texas.
Jones Day advised Primus Capital Fund in connection with its acquisition of MedHost, Inc., a market leader in providing emergency department information systems to hospitals to assist in emergency medicine and care. Nashville-based HealthTech Holdings, parent company to Healthcare Management Systems, said it has acquired MedHost, a company in Addison, …
Sign up for free enewsletters and alerts to receive breaking news and in-depth coverage of healthcare events and trends, as they happen, right to your inbox. EHR consolidation is not absolutely necessary for a successful merger or acquisition, as most EHR systems are interoperable on some level. The weekly magazine, websites, research and databases provide a powerful and all-encompassing industry presence.
Nashville, Tenn. (February 1, 2010) – HealthTech Holdings, Inc. (HHI), a healthcare technology holding company and parent of Healthcare Management Systems Inc. ® (HMS), announced today that it has acquired MEDHOST, the leading provider of emergency department information systems.
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