Ambulatory EHR provider e-MDs announced on Wednesday that it has agreed to acquire several ambulatory software assets from McKesson Business Performance Services in a move to boost its market share in the ambulatory EHR space. These McKesson assets include McKesson Practice Choice™, Medisoft®, Medisoft® Clinical, Lytec®, Lytec® MD, and Practice Partner®.
“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 e-MDs in the official announcement. “All of us at e-MDs look forward to aligning this team with ours to bring e-MDs’ full suite of solutions to thousands of new providers across the country.”
For e-MDs the acquisition, hopes to establish e-MDs as a front-runner in the competitive ambulatory healthcare market with the combined company’s products and services are projected to be used by nearly 55,000 providers nationwide. Existing e-MDs and the McKesson clients, who use these EHR products, should benefit from working with a e-MDs whose primary focus is software and services specifically for small- to medium-sized practices.
“This acquisition is key to both our growth and diversification strategies,” stated George Kase, Partner with Marlin Equity Partners, the financial backers of e-MDs. “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 e-MDs brand into new areas not previously available.”
Financial details of the acquisition were not disclosed.
