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August 31, 2006
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August 2006; Volume 7, Number 8
Sage to buy Emdeon unit...States mandate health IT use...Bush orders health IT...Adam buys OnlineBenefits...eDiets sells stake to Prides...Zix e-mail encryptions rise...Per-Se wins group contract...Claimsnet wins ASP pact...Trizetto raises revenue outlook...Medavant trims losses...eHealth, services stocks rise...and more...
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SAGE TO BUY EMDEON PRACTICE SERVICES
Sage Software (Irvine, CA) has agreed to acquire the physician practice management software business of Emdeon Corp. (Elmwood Park, NJ) for $565 million in cash.
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STATES MANDATE USE OF HEALTH IT
A study from eHealth Initiative (Washington) shows that 38 states have introduced a total of 121 bills during 2005 and 2006 “that specifically call for the use of health information technology to improve patient care.”
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BUSH ORDER PROMOTES HEALTH IT
President Bush signed an executive order last week directing federal agencies “to use improved health IT systems to facilitate the rapid exchange of health information,” according to the White House.
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ADAM AQCUIRES ONLINEBENEFITS, SEES 2Q06 GROWTH
Adam Inc. (Atlanta) announced that it has acquired the benefits management solutions firm OnlineBenefits Inc. (Uniondale, NY) for $32.5 million, including $1.5 million of assumed debt.
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PER-SE WINS ANESTHESIOLOGY GROUP CONTRACT
Per-Se Technologies (Alpharetta, GA) has won a contract to provide outsourced accounts receivable and other financial services to Neurosurgical Anesthesiologists (Nashville, TN).
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CLAIMSNET WINS PROVIDER NETWORK ASP PACT
Claimsnet.com (Dallas) has won a contract to provide electronic claims processing technology and services on an ASP basis to Wisconsin-based Comprehensive Health Care Network, a network of 500 medical, dental and associate staffers.
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TRIZETTO RAISES ’06 REVENUE FORECAST
Trizetto Group (Newport Beach, CA) has increased its full-year 2006 revenue projection to between $325 million and $340 million, representing an 11% to 16% increase over 2005.
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MEDAVANT TRIMS 2Q06 NET LOSS
MedAvant (Atlanta) reported a second-quarter 2006 net loss of $1.839 million, compared to a net loss of $2.886 million for the same period last year.
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