Making a splash at HIMSS13, Allscripts announced the acquiring of health information exchange vendor dbMotion and patient engagement software firm Jardogs. The buys are part of Allscripts Connected Community of Health initiative that will get a $500 million investment during 2013, says CEO Paul Black. The product suite also will include analytics, home health and hospice, care coordination and master patient index software. Allscripts paid about $235 million in cash and stock for dbMotion; terms of the Jardogs deal were not disclosed.
Aggressive Market Move
Physician business office outsourcing and software vendor athenahealth made a big move to expand market share when it paid $293 million for Epocrates. Athenahealth brought a mobile computing vendor of point-of-care drug and disease management software that more than 330,000 clinicians use. Seventy percent of physicians dont know athenahealth, but the same percentage use Epocrates, says CEO Jonathan Bush, who acknowledges the price was steep. Athenahealth, with 38,000 prescribing clinicians, will integrate the reference content into its electronic health records software.
Two Major Clearinghouses Combine
ABILITY Networks, which specializes in Medicare and Medicaid transactions processing but also offers an all-payer clearinghouse, acquired veteran firm IVANS for an undisclosed sum. IVANS also specializes in Medicare transactions and has deeper penetration with those payers. The companies expect the deal will accelerate and expand delivery of products and services. IVANS also processes transactions for property and casualty insurers, and ABILITY will sell that business to Applied Systems Inc., an established P&C vendor.