Two equity investment firms will acquire a majority of health information exchange and data analytics vendor MEDSEEK Inc., with management retaining a minority share of the privately held company.

Terms of the acquisition were not disclosed. The buying firms are Silver Lake Sumeru and Essex Woodlands. Essex specializes in health care investments with a portfolio of at least 82 pharmaceutical, biotechnology, medical device, health information technology and health services firms. Its I.T. holdings include Allscripts and cloud computing vendor ika Systems. Silver Lake invests in technology companies across multiple industries and has $14 billion in assets under management.

Birmingham, Ala.-based MedSeek sells physician, patient and employee Web portals. It serves about 200 customers representing more than 1,000 hospitals. The company a year ago targeted accountable care organizations and other emerging payment/delivery vehicles by acquiring data analytics vendor Third Wave Research Group.

Third Wave’s product line includes applications to identify targeted consumers likely to need services, identify consumers with the right types of insurance, and determine messaging and offers based on demographic and other factors. "When these three powerful modules are combined, the right individuals to target are sifted out--helping you spend less, achieve higher response rates and yield higher return on investment," according to the company's Web site.

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