Document imaging and management vendor Streamline Health Solutions has acquired health information management vendor Meta Health Technology for $15 million--$13.4 million in cash and $1.6 million in stock.
Atlanta-based Meta Health sells a range of HIM software products. They include clinical documentation improvement, physician query, document management, deficiency management, abstracting and coding, electronic signature, release of information and chart tracking. The company soon will introduce computer-assisted coding.
Along with the acquisition, Cincinnati-based Streamline Health restructured a financing agreement with Fifth Third Bank for a new $5 million revolving line of credit, and loans of $5 million and $9 million. Streamline Health also closed a $12 million equity investment with Great Point Partners LLC and Noro-Moseley Partners leading the financing round.
The new acquisition follows Streamline Health’s December 2011 buy of Interpoint Partners to add data analytics to its product line.
Register or login for access to this item and much more
All Health Data Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access