This Week in Healthcare IT

M&A, Financial Reports and Funding

Merge Healthcare, a medical imaging software vendor, has acquired the laboratory information systems assets of Fletcher-Flora Health Care Systems for an undisclosed sum; Merge also posted Q3 2010 revenue of $45.2 million, up from $16.9 million in revenue in Q3 2009; Merge also completed the exchange offer of its 11.75% senior secured notes due 2015.
Health IT services provider MedLink has acquired the assets of EHR and practice management software provider MedAppz for an undisclosed sum…ConJoin Group, an IT and business-processing outsourcing company, has acquired PHNS, a provider of outsourced health IT services, for $250 million…Blackstone Technology Group, an IT firm, will acquire Quinnian Health, a  telemedicine startup, for an undisclosed sum...CardioNet, a vendor of wireless heart monitoring technology, will acquire Biotel, a vendor of wireless event recorder devices, for $11 million.
Allscripts-Misys Healthcare Solutions reported a Q3 2010 profit of $1.4 million on $242.2 million in revenue, down from a $12.9 million profit on $164.9 million in revenue in Q3 2009...Shareable Ink, a provider of digital pen and paper health care applications, has closed a $4.5 million Series A Preferred financing round with health care investors including Founder Collective, Heritage Group, The Martin Companies, Nashville Capital Network and Chip Linehan of New Enterprise Associates…DICOM Grid, a health IT platform operator, has raised $7.5 million in a round of financing through investment firms Canaan Partners Healthcare, CHL Medical Partners and Chronic Health Capital…The mHealth Alliance announced a two-year, $1 million aggregate donation from Hewlett-Packard.

Contracts

Mercy Memorial Hospital System in Michigan has selected Allscripts as its health IT provider…the U.S. Army has granted Diversinet a five-year contract to support expansion of the Army's mCare telehealth outreach program…Community Memorial Health System in California has selected clinical and documentation software from PatientKeeper…University of Utah Health Care has selected patient transfer technology from TeleTracking…OhioHealth has selected a telestroke application from REACH Call.
Yuma Regional Medical Center in Arizona has selected InterSystems' integration and development platform… Sage North America's Sage Healthcare Division practice management and EHR systems were selected by Children's Heart Center in Nevada, Green Clinic in Louisiana, Nebraska Spine Center, Nevada Imaging Center, Saint Louis ConnectCare and Oncology Specialties in Alabama…CDC has chosen Accenture for a 10-year Information Management Services contract requiring a range of IT services for the agency's global public health initiatives.
The Institute for Clinical Systems Improvement, a not-for-profit medical group in Minnesota and Wisconsin, has selected Nuance Communications' clinical decision support technology…Virginia Commonwealth University Health System's Department of Pathology Laboratories has selected integrated health record systems from 4medica...MED Trends has selected communications and IT company Harris for a follow-on contract to continue developing patient registries for the Veterans Health Administration.
The Department of Veterans Affairs has selected a mental health EHR system from DSS…HealthPoint Medical Group in Florida has chosen an EHR system from McKesson…the Texas Hospital Association has designated American Medical Alert as a preferred provider of call center services…Minnesota-based Gillette Children's Specialty Healthcare has selected context management and clinical workflow applications from Carefx and Indigo Identityware...Houston-based Methodist Hospital System  has selected patient experience software from MEDSEEK.

Product Development and Marketing

Telecommunications company Telus and Microsoft have launched an online platform aimed at providing Canadians with access to and management of their electronic health information…CardioNet and MedApps will partner to advance their products in the mobile wireless medical market...CodeRyte will bring its coding technology to Advanced Data Systems and its radiology clients.
Epocrates has partnered with Covisint to allow eligible professionals to access the DocSite PQRI registry…VRI, a provider of in-home health monitoring programs, has partnered with telehealth company Robert Bosch Healthcare to jointly offer services… Swisslog will integrate its pharmacy automation systems with drug distributor Cardinal Health...Health insurer Cigna is making its cost service estimate software available through the clearinghouses of Availity, NaviNet, Passport Health and RealMed.

Personnel

Robert Goodman -- former board chair, CEO and president of medical communications company Informed Medical Communications -- has been named president of DiagnosisONE, a clinical decision support and analytics company…Paul Reynard -- former vice president of sales operations and marketing for ArjoHuntleigh, a health IT company -- has been named senior vice president of sales and service for RF Technologies.
Interbit Data, a health care software provider, promoted three management team members to executive positions: Edward Norton has been named senior vice president and COO; Oscar Beninati has been named vice president of sales and marketing; and Brian Main has been named vice president of technology...Health IT company Informatics Corporation of America has named John Tempesco -- former vice president of client services and marketing at ICA -- chief marketing officer; Brian Higdon -- former president of software company Paskr -- vice president of client services and marketing; and Sandra Lillie -- former vice president of strategic accounts at TeraMedica Healthcare Technology -- vice president of sales and business development.
Victor Dorodny, a health IT physician-executive, has been named CMO and global practice leader at US Tele-Medicine, a telehealth services provider...Gai Elhanan, a computer science professor at the New Jersey Institute of Technology, has been named CMIO of Halfpenny Technologies, a provider of clinical data exchange software...Jeffery Surges, former president of sales at Allscripts, has been named CEO of Merge Healthcare.


Read more: http://www.ihealthbeat.org/articles/2010/11/12/health-it-business-news-roundup-for-the-week-of-november-12-2010.aspx#ixzz15ZyfJaq0