Software vendor Eclipsys (News - Alert) Corporation has announced it is acquiring healthcare solution provider MediNotes Corporation in a stock and cash deal worth about $45 million.
MediNotes, based in West Des Moines, IA, has electronic medical record (EMR) solutions in over 5,000 medical practices across the U.S.
“Studies have shown that over two-thirds of surveyed physicians in small to mid-sized practices do not yet have an EMR solution, and all of them plan to have one within the next two years,” said Eclipsys president Andrew Eckert disclosing the reason for his company to acquire MediNotes.
MediNotes’ products will expand Eclipsys’ offerings, making it much more important player in the clinic and physician practice market.
Eclipsys has traditionally focused on providing information software, clinical content and professional services for hospitals and hospital-based health systems.
Eclipsys believes MediNotes’ solution suite will complement its Sunrise Ambulatory Care outpatient clinic solution and meet the needs of physician practices.
MediNotes’ EMR supports electronic orders and results, point-of care-documentation, e-prescribing and instant access to critical patient information.
Moreover, MediNotes’ solution suite can be delivered through an ASP (application service provider) or remote hosting model — either by the health system or Eclipsys.
“There’s a great deal of synergy between the entrepreneurial spirit and market-leading solutions of the two companies, and we look forward to becoming part of Eclipsys”, said Donald G. Schoen, MediNotes CEO and president.
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Narayan Bhat is a contributing editor for TMCnet. To read more of Narayan's articles, please visit his columnist page.