Bolsters foothold in the ambulatory healthcare space
Austin, TX – March 9, 2016 – eMDs, a leading provider of ambulatory electronic medical record (EMR), practice management (PM) software, revenue cycle management (RCM) solutions, and credentialing services, today announced that it has agreed to acquire several software technology assets from McKesson Business Performance Services (McKesson). The McKesson assets include McKesson Practice Choice™, Medisoft®, Medisoft® Clinical, Lytec®, Lytec® MD, and Practice Partner®.
The acquisition will provide its customers with added resources for growth. The combined company’s products and services are projected to be used by nearly 55,000 providers nationwide.
"The McKesson team supporting these products is passionate about the same thing we are ─ helping doctors maintain focus on the patient,” stated Derek Pickell, CEO of eMDs. "All of us at eMDs look forward to aligning this team with ours to bring eMDs’ full suite of solutions to thousands of new providers across the country."
The acquisition will establish eMDs as a front-runner in the ambulatory healthcare market, enhancing the company’s future growth and performance potential. Existing eMDs and the McKesson clients, who use these products, will benefit from working with a company whose primary focus is software and services for small- to medium-sized practices, and the increased depth and breadth of industry knowledge this acquisition affords.
"eMDs is the perfect fit for these assets because it has award-winning technology that is ideally suited to this customer base,” said Scott Sanner, SVP & GM, McKesson Business Performance Services.
"This acquisition is key to both our growth and diversification strategies," stated George Kase, Partner with Marlin Equity Partners, the financial backers of eMDs. "The purchase is in line with our strategy to complement organic growth by making selected strategic acquisitions. It also offers economies of scale allowing us to extend the eMDs brand into new areas not previously available."
eMDs is a leading provider of integrated electronic health records, practice management software, revenue cycle solution, and credentialing services for physician practices and enterprises. Founded by physicians, the company is an industry leader for usable, connected software that enables physician productivity and a superior clinical experience. eMDs software has received top rankings in physician and industry surveys including those conducted by the American Academy of Family Physicians’ Family Practice Management, AmericanEHR™ Partners, MedScape®, and Black Book®. eMDs has a proven track record of positioning clients for success as demonstrated by Meaningful Use attainment in 2011, 2012, 2013 and 2014. According to data provided by CMS, eMDs clients are attesting in the top proportion of all major vendors. For more information, please visit http://www.e-mds.com, https://www.facebook.com/emdsehr/, and https://twitter.com/emds.
Patrick Hall, EVP Business Development, eMDs