Health IT Business News Roundup for the Week of March 28, 2014

March 29, 2014 in News

MA, Financial Reports and Funding

Intel has acquired Basis Science, a developer of wearable health tracking device, for $100 million…AirStrip, a developer of clinical mobility tools and applications, has acquired the assets of Sense4Baby, a developer of a wireless fetal monitoring system, for an undisclosed sum.

M*Modal, a vendor of clinical documentation software, has filed for voluntary Chapter 11 bankruptcy protection.

WelVu, a vendor of a patient engagement system, has raised $1.25 million in initial seed funding…Sherpaa, a provider of phone- and text-based treatment recommendation services, has raised $500,000 in funding from Tumblr founder and CEO David KarpSharePractice, a developer of a mobile physician evaluation and rating application, has raised $1.3 million in a funding round led by multiple investors…Doctor At Work, a physician community in Russia, has raised $3 million in a funding round from three Russian venture funds.


Roxborough Memorial Hospital in Philadelphia has selected Wellsoft‘s emergency department information system…Saint Peter’s University Hospital in New Jersey has signed a three-year contract to deploy Malta Systems‘ patient matching tools.

Product Development and Marketing

Precyse University will provide its ICD-10 education tools to health care providers using athenahealth‘s EHR, practice management and care coordination systems.


Keith Fraidenburg — vice president of education and communications at the College of Healthcare Information Management Executives – has been named executive vice president and chief strategy officer at CHIME…Horace Blackman — former chief information officer and director of IT support at the Department of Veterans Affairs‘ Central Office — has been named vice president of health and life sciences for Lockheed Martin‘s Information Systems Global Solutions division.

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