Health IT Business News Roundup for the Week of May 2, 2014
May 3, 2014 in News
MA, Financial Reports and Funding
Facebook has acquired ProtoGeo, a developer of a mobile daily fitness tracking application, for an undisclosed sum…Zynx Health, a provider of clinical decision support software, has acquired CareInSync, a provider of mobile care coordination tools, for an undisclosed sum…Press Ganey, a health care consulting and advisory firm, has acquired Dynamic Clinical Systems, a provider of patient-reported outcomes services and tools, for an undisclosed sum…NexJ Systems, a provider of customer relationship management software, has acquired Liberate Ideas, a vendor of patient education tools, for $1 million in cash and stock and up to an additional $1 million for meeting performance targets…Truven Health Analytics has acquired Fortel Analytics, a provider of predictive analytics services, for an undisclosed sum…Infor, a developer of business application software, has acquired GRASP Systems International — a provider of automated patient acuity, workload management and patient assignment systems and consulting services — for an undisclosed sum.
Cerner, a provider of health IT tools, reported an 8.6% increase in earnings on $784.8 million in revenue in Q1 2014, compared with Q1 2013…Merge Healthcare reported a Q1 2014 net loss of $300,000 on $50.9 million in revenue, compared with a Q1 2013 net loss of $6.5 million on $63.6 million in revenue.
Voluntis, a developer of mobile applications for medical devices, has raised $29 million in a funding round led by Bpifrance Large Venture and Innovation Capital…Doximity, a medical communications system and physician networking tool, has raised $54 million in a funding round led by DFJ and T. Rowe Price Associates…RedBrick Health, a vendor of a patient engagement system, has raised $7.5 million in a funding round led by multiple investors…Big Health, a developer of an electronic sleep tracking and management application, has raised $3.3 million in a funding round led by Index Ventures and Forward Partners.
OhioHealth, a group of not-for-profit faith-based hospitals and health organizations, has selected Explorys‘ suite of cloud-based performance management and analytics tools…Beth Israel Deaconess Medical Center‘s Fellowship in Disaster Medicine Program in Boston has selected Firefly Global‘s digital imaging and video system.
Product Development and Marketing
Drugmaker Forest Laboratories will use ConvergeHEALTH‘s database of health outcomes and Intermountain Health‘s EHR data to conduct outcomes research on respiratory disease treatment…Explorys will integrate its data analytics platform with Accenture‘s diabetes management protocols to develop diabetes treatment options…Wellbe will integrate its cloud-based patient management, engagement and care coordination tools with Aver Informatics‘ data analytics system…IBM and Coriell Life Sciences will integrate Coriell’s genetic database with CareKinesis‘ medication management system.
Jonathan Perlin — chief medical officer and president of clinical services at Hospital Corporation of America — will step down as chair of the Health IT Standards Committee; Jacob Reider — acting principal deputy national coordinator and chief medical officer at the Office of the National Coordinator for Health IT — has been appointed as the new chair of the Health IT Standards Committee…Deanne Primozic Kasim — former managing partner at Santesys Solutions, a health IT consulting company — has been named research director at IDC Health Insights…Mary Jernigan — former senior vice president at Healthfirst — has been named vice president of product management at ikaSystems, a vendor of cloud-based business process and automation tools for insurers; Ken Accardi — former chief information officer at GE Medical Systems — has been named vice president of engineering at ikaSystems; Ashwin Desai – former principal quality architect at IBM — has been named senior director of quality assurance as ikaSystems.