Healthcare technology provider IMS Health Holdings announced it will merge with biopharma research contract provider Quintiles Transnational Holding in a deal valued at $9 billion. The merged company will be named Quintiles IMS Holdings, Inc. to become an industry-leading information and technology-enabled healthcare service provider. Here are ten key things to know about the $9B merger: 1.Based on equity market capitalization, the combined company is valued at more than $17.6 billion with an
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NATE, CommonWell Team Up to Support Health IT Interoperability
The National Association for Trusted Exchange (NATE) and CommonWell Health Alliance has signed a reciprocal membership agreement with the goal of enhancing health IT interoperability to better assure provider and patient access to health data regardless of where care occurs. NATE and CommonWell will begin working together immediately. NATE OverviewNATE is a not-for-profit membership association focused on enabling trusted exchange among organizations and individuals with differing regulatory
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BioScale Changes Name to ProterixBio, New Focus on Clinical Apps
BioScale, Inc. today announced that the company is changing its name to ProterixBio, Inc. The name change reflects a new strategic direction centered on high value clinical apps including diagnostics products and disease management services. ProterixBio’s initial focus is on pulmonary diseases such as COPD (chronic obstructive pulmonary disease), which affects more than 12 million Americans.The company has made significant progress toward these new goals, including:- Recruitment of a
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Modernizing Medicine Appoints Rick Von Pusch Chief Revenue Officer
Cloud based, specialty-specific EMR provider, Modernizing Medicine has named Rick Von Pusch as the company’s first Chief Revenue Officer. As part of his new role, Rick will oversee the sales, marketing and business development functions across the existing portfolio of product and service offerings, market segments and channels and those that are acquired or developed in the future. Rick will continue to build the bridge from long term corporate strategy to execution, ensuring that the entire
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Telehealth Startup WeCounsel Nabs $3.5M to Connect Mental Health Providers
WeCounsel, a HIPAA compliant turnkey telehealth platform that connects mental health providers to clients online has raised $3.5M in Series A funding led by Longmeadow Capital Partners, Point Judith Capital, and CVH Holdings. The company's solution serves as a turnkey virtual office for healthcare providers and businesses, complete with a custom video conferencing experience. We are fortunate to have seen so much success in the marketplace and to have translated that into a major investment from
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Senators Release Request Feedback on Draft Legislation to Improve Meaningful Use
U.S. Sens. John Thune (R-S.D.), Lamar Alexander (R-Tenn.), Mike Enzi (R-Wyo.), Pat Roberts (R-Kans.), Richard Burr (R-N.C.), and Bill Cassidy (R-La.) today wrote to U.S. Department of Health and Human Services Secretary Sylvia Burwell and Centers for Medicare and Medicaid Services (CMS) Acting Administrator Andy Slavitt to request feedback on legislation they drafted that would address the ongoing issues with implementation of the meaningful use program for health information technology (health
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DirectTrust CEO Responds to Flexibility in EHR Reporting Act
On April 20, U.S. Rep. Renee Ellmers (R-NC) and U.S. Sen. Rob Portman (R-OH) introduced the Flexibility in EHR Reporting Act (H.R. 5001) to bring flexibility to electronic reporting requirements for healthcare providers. Specifically, H.R. 5001 would make it easier for health care providers to comply with Department of Health and Human Services (HHS) IT reporting requirements. As reported by Ripon Advance News Service, “Under the bill, healthcare providers would be allowed to report IT upgrades
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CloudMedx Acquires Gyrus Labs To Accelerate Clinical Data Insights
CloudMedx Inc, a big data health analytics company, announced today that it has acquired Gyrus Labs to extend the power of the CloudMedx Analytics Platform for improving patient care through data insights. Under the terms of the agreement, CloudMedx will acquire Gyrus Labs team, intellectual property and data rights. The company has already integrated its technology into the CloudMedx platform.With the acquisition of Gyrus Labs’ technology, CloudMedx will accelerate its deep clinical insights of
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Verisk Analytics Unloads Healthcare Services Business for $820M
Verisk Analytics , a data analytics provider serving customers in insurance, energy, healthcare, financial services, government, and risk management and private equity firm Veritas Capital has signed an definitive agreement to acquire Verisk`s healthcare services business for $820M. The company hired Morgan Stanley to sell Verisk Health, its healthcare division back in October 2015, hoping to fetch between $900M to $1.08B from the acquisition. Financial terms of the $820M acquisition consists
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Nokia to Acquire Withings for $191M, Enters Digital Health Market
Nokia has announced plans to acquire Withings, the Frenchh-based connected health company with a family of digital health products including fitness bands, sleep-trackers, thermometers, watches and scales for for €170 million ($191 million) in cash. The acquisition is expected to close in early Q3, 2016 subject to regulatory approvals and customary closing conditions. The acquisition marks Nokia's official entry into the digital health market to help boost its ongoing renewal of Nokia
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