Health IT Business News Roundup for the Week of August 8, 2014
August 9, 2014 in News
MA, Financial Reports and Funding
Cerner, a health IT vendor, will acquire Siemens Health Services, the health IT business unit of Siemens AG, for $1.3 billion in cash…Premier, a provider of analytics and electronic clinical surveillance systems, has acquired TheraDoc, a provider of clinical surveillance technology, for $117 million in cash…Practice Fusion, an EHR provider, has acquired Ringadoc, an online answering service for doctors, for an undisclosed sum…Kinnser Software, a provider of Web-based software for remotely accessing patient health records, has acquired ADLware, a provider of private duty care management software, for an undisclosed sum…TractManager, a contract management systems provider, has acquired MD Buyline, a provider of data analytics and proprietary software.
WedMD reported $9.7 million in net income on $140.4 million in revenue in Q2 2014.
Doctor on Demand, a telehealth services provider, has raised $21 million in a Series A funding round led by Venrock…DrFirst, a health care IT company, has secured $10 million in debt financing from Silicon Valley Bank…Rebiotix, a biotechnology company that creates tools for gastrointestinal diseases, has raised $25 million in Series B funding by undisclosed investors…Temperature Concepts, a provider of wearable health-tracking devices, has raised $4.38 million in a funding round led by Longwall Venture Partners.
Arches Health Plan has selected TruClinic‘s Web-based telehealth services…Frederick Memorial Home Care in Maryland has selected HealthWyse‘s EHR system…the Texas Health and Human Services Commission has selected Accenture to be its lead Medicaid health IT vendor…Premier Medical PC, a physician group in Alabama, will implement McKesson‘s revenue cycle management tools…SAS Institute, a provider of business analytics software, has selected i2i Systems‘ patient referral database software…the Defense Health Agency has renewed its contract with Technatomy, a provider of health care management systems, for a total value of $8.2 million…Dean Health Plan, an integrated health care delivery system in Wisconsin, has selected Essette‘s Web-based care management software.
Product Development and Marketing
Futura Mobility has entered a partnership to provide its mobile health IT tools to REACH Health‘s telemedicine customers…University of North Carolina has partnered with Recovery Record, a provider of mobile health applications, to boost clinical trial recruitment…PatientFocus will incorporate its medical billing system into Verus Healthcare‘s medical supply offerings…M*Modal has entered a partnership to provide its clinical documentation and speech technologies to athenahealth providers.
Peter Levin – co-founder and CEO of Amida Technology Solutions – has been named to the board of directors at Conversa Health, a provider of digital physician-patient communications tools…David Shaywitz — former senior director of strategic and commercial planning and corporate and business development at Theravance Biopharma – has been named chief medical officer at DNAnexus, a provider of a cloud-based genome informatics and data management tools…Boake Sells — former chair and CEO at Revco Drug Stores – has been named chair of the board at HealthSpot, a provider of cloud-based software, digital medical devices and mobile applications… Josh Banko — former senior engineering manager at Apple — has been named vice president of hardware at Misfit Wearables, a developer of wearable activity tracker devices.