| Healthcare IT M&A |
- US Oncology, a provider of cancer care services, acquired NexCura, a provider of online patient and caregiver education content focused on cancer, and Cure Media Group, a publisher of a cancer focused magazine and website
- Hyland Software, a provider of enterprise content management software owned by Thoma Bravo, acquired eWebHealth, a provider of hosted medical records workflow solutions
- The Advisory Board Company, a provider of best practices research and software tools for the healthcare industry, acquired Concuity, the revenue cycle management software and services division of Trintech Group PLC, for $34.5M
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| Healthcare IT Financing |
- Awarepoint, a provider of real-time location systems for remote monitoring of critical resources in hospitals, raised $10M from Jafco Ventures, Cardinal Partners and Venrock
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| Healthcare News |
- After initially not repealing or delaying the 21% Medicare physician pay cuts, the US Senate voted last Tuesday to postpone the reimbursement cuts until April 1st
- Joining the likes of Allscripts, athenahealth, ChartLogic, e-MDs, eClinicalWorks, GE Healthcare, Ingenix, Medsphere Systems, NextGen, Noteworthy Medical, Practice Fusion and SourceMedical, Sage Group announced a meaningful use guarantee for its electronic health record product suite to assure physicians its product will qualify for government incentives
- AMICAS, the radiology information systems provider, agreed to be acquired by Merge Healthcare for $248M; in December, AMICAS originally agreed to be acquired by the private equity firm Thoma Bravo for $217M
- Last week the Healthcare Information and Management Systems Society (HIMSS) hosted the annual 2010 HIMSS Conference in Atlanta, Georgia; more than 27,500 healthcare and technology industry experts attended which outpaced 2009 attendance by 7%
- According to Surescripts, approximately 85% of community pharmacies have prescription routing capabilities and the number of providers routing prescriptions electronically grew to 156,000 in 2009 from 74,000 in 2008; similarly, the number of e-prescriptions grew to 191M from 68M over the same period
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| YTD Healthcare IT Index |
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| Note: TM Capital Middle-Market Healthcare IT Index: ATHN, CPSI, ECLP, HMSY, MDAS, OMCL, STRM and TRCR |
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| Weekly Healthcare IT Index |
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| Note: TM Capital Middle-Market Healthcare IT Index: ATHN, CPSI, ECLP, HMSY, MDAS, OMCL, STRM and TRCR |
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| TM's Healthcare Technology Practice |
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212.809.1413 |
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617.259.2201 |
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617.259.2203 |
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212.809.1419 |
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617.259.2205 |
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617.259.2207 |
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| About TM Capital |
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TM Capital Corp. is an independent investment banking firm based in New York, Boston and Atlanta, which has completed over 200 mergers, acquisitions and financings with a combined value in excess of $11 billion for its global roster of clients. For 20 years, TM Capital has provided its client companies with the expertise, resources and focus necessary to structure, negotiate and close strategic transactions. TM Capital is a member firm of M&A International Inc., the world's leading alliance of mid-market investment banks with over 600 professionals in 43 offices spanning 41 countries. |
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