Veteran ambulatory software vendors e-MDs and MDeverywhere have merged after investment firm Martin Equity Partners bought e-MDs, which sells an integrated physician practice management and electronic health records system. Terms of the acquisition were not disclosed.
MDeverywhere offers cloud-based revenue cycle management services, a practice management/EHR system and physician credentialing software. The name of the combined company has yet to be determined, but e-MDs will be the company going forward and incorporating MDeverywheres revenue cycle management and credentialing services into its product line, says Patrick Hall, executive vice president of business development at e-MDs.
MDeverywhere has expertise at delivering revenue cycle services at scale and we have expertise at delivering software at scale, Hall adds. Together, the vendors serve more than 13,000 physicians, nurse practitioners and physician assistants, and about 50,000 other medical professionals and staff members across 40 medical specialties.
Last fall, e-MDs launched its own initiative to offer revenue cycle services and software via the cloud. Asked where the project now lies, Hall said it is still in flight, but merging with MDeverywhere helps us get there faster.
David Winn, founder and CEO at e-MDs, is retiring. An executive search is underway for a leader of the combined companies. Joining Marlin Equity will give e-MDs management and market expertise to accelerate strategy and sales, as well as access to capital, Hall says.
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