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October 2005
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EHI October 2005; Volume 6, Number 9
GE to acquire IDX...GXE to acquire Neoforma...WebMD shares soar...WebMD blasts eMedicine...Trizetto raises profit outlook...Eclipsys taps Eckert...eHealth, services stocks rise 4%...WellPoint taps WebMD...PacifiCare Part D web site...SIERRA funds e-script effort...and more...
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GE HEALTHCARE TO ACQUIRE IDX
U.K.-based GE Healthcare, a unit of General Electric Co. and a leader in clinical information technology, dramatically increased its presence in the administrative side of the healthcare information technology market through an agreement to acquire IDX Systems Corp. (Burlington, VT) for $1.2 billion in cash.
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GHX TO ACQUIRE NEOFORMA
Global Healthcare Exchange (Westminster, CO) has announced an agreement to acquire e-supply chain Neoforma (San Jose, CA) in a deal valued at $10 per share or about $200 million in cash and stock.
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WEBMD SHARES UP 41% IN 1ST WEEK
WebMD Health Corp. (New York), which successfully raised $139 million in gross proceeds from the initial public offering of 7.935 million Class A common shares at $17.50 per share (EHI, September), saw its stock price soar 41% in the first two days of trading to close at $24.77 on Sept. 30.
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WEBMD CALLS eMEDICINE USAGE CLAIM “MISLEADING”
WebMD Health Corp. (New York) said that eMedicine (Omaha, NE) was misleading the pharmaceutical and medical communities by claiming that the eMedicine.com web site generates “more than twice” the traffic of WebMD’s Medscape site.
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TRIZETTO RAISES 2005 PROFIT PROJECTIONS
Citing better-than-expected third-quarter results, Trizetto Group (Newport Beach, CA) raised its full-year 2005 earnings projection to between $0.40 and $0.45 per share ($18.768 million to $2.111 million based on 46.921 million diluted shares) up from a prior expectation of $0.38 to $0.43 per share.
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WELLPOINT TAPS WEBMD FOR HEALTH TOOLS, INFORMATION
As expected (EHI, August), WellPoint Inc. (Indianapolis) has begun providing web-based health-related information, personalized health records, and risk-assessment tools for its 28.5 million members through a three-year contract with WebMD Health (New York).
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ECLIPSYS APPOINTS ECKERT CEO
Eclipsys Corp. (Boca Ration, FL) has named Andrew Eckert president and chief executive, replacing Eugene Fife, who remains chairman.
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PACIFICARE LAUNCHES PART D WEB SITE
PacifiCare Health Systems (Cypress, CA) has launched a web site at www.prescriptionsolutions.com that effective Nov. 15 will allow consumers to enroll in the company’s Medicare Part D prescription drug plan online in addition to providing information on drug costs, formularies and medications.
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SIERRA, NV PHYSICIANS TO FUND STATEWIDE E-SCRIPT EFFORT
Sierra Health Services (Las Vegas, NV), already one of the nation’s most successful health plans at implementing e-prescribing technology, has announced it will collaborate with the Clarke County Medical Society to fund the statewide rollout of e-prescribing to physicians in Nevada.
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