Hill-Rom, a provider of hospital equipment, medical devices and surgical products, will acquire Welch Allyn for approximately $2.05 billion in cash and stock. Under the terms of the agreement, Welch Allyn shareholders will receive $1.625 billion in cash and approximately 8.1 million newly-issued shares of Hill-Rom common stock. After the acquisition is closed, which is slated before the end of September 2015, Welch Allyn shareholders will own approximately 13 percent of the combined
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Health IT | News, Analysis, Insights - HIT Consultant
Philips, WMCHealth Announce $500M Partnership to Transform Patient Care
Philips and Westchester Medical Center Health Network (WMCHealth) announced a $500 million, multi-year partnership to transform and improve healthcare for millions of patients across New York’s Hudson Valley.
Building on its success with strategic managed services enterprise partnerships around the world, including Georgia Regents Medical Center, the deal reinforces Philips leadership in teaming with health systems in new ways to help them thrive in an evolving and increasingly competitive
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Mostashari’s Startup Aledade Raises $30M to Fuel Value-Based Care
Dr. Farzad Mostashari's digital health startup Aledade announced it has raised a $30 million Series B funding round to fuel the company’s work to partner with independent primary care physicians and create accountable care organizations (ACOs). The funding round was led by ARCH Venture Partners, and includes an additional investment from Series A investor Venrock.
The additional funding will help establish:
- new Accountable Care Organizations (ACOs) and expand existing ones and expand
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Information Blocking in Health IT: Myth or Reality?
Editor's Note: Irv Lichtenwald is president and CEO of Medsphere Systems Corporation, the solution provider for the OpenVista electronic health record. Prior to joining Medsphere, he served as CFO of Advent Software, a leading provider of investment management solutions. Between 1995 and 2003, Irv led Advent through three public stock offerings.
Do we believe in something we can’t see?
The suggestion has been made that some vendors are actively engaged in “information
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Epic CEO Judy Faulkner Pledges 99% of Wealth to Philanthropy
On Tuesday, Judy Faulkner, founder and CEO of Verona, Wis.-based Epic Systems announced plans to give away 99% of her wealth to philanthropy, Forbes report. Faulkner joins 136 other individuals and families in the Giving Pledge led by Warren Buffett and Bill and Melinda Gates to commit to giving more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will.
In her formal pledge letter Faulkner wrote, "Epic needs to be strong, successful, and
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Senate Health Committee Announce Health IT Bipartisan Hearings
Senate health committee Chairman Lamar Alexander (R-Tenn.) and Ranking Member Patty Murray (D-Wash.) announced the start of a series of bipartisan hearings on possible solutions to achieve the promise of health IT. The senators announced that Sen. Bill Cassidy (R-La.) will chair, and Sen. Sheldon Whitehouse (D-R.I.) will serve as ranking member, for the committee’s next hearing in the series, and Sen. Susan Collins (R-Maine) will chair a subsequent hearing.
“Today’s hearing sets the table for
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Wellstar Breaks Off Merger Negotiations with Emory
Wellstar Health System announced it has ended merger negotiations with Emory Healthcare, Atlanta Business Chronicle reports. The proposed merger failed to fit into Wellstar’s “new strategic direction," according to Gary Miller, chairman of the system's board of trustees.
"WellStar has declined to enter the next stage of discussions with Emory University,” Miller said. “We respect Emory University as a leading, international academic medical center. WellStar will accelerate multiple horizontal
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Modernizing Medicine’s CEO Talks Revolutionizing EMRs through IBM Watson
When we think about electronic medical records (EMR), lots things come to mind including the hiccups and headaches that have come with the technology’s lack features and functionality over the years. But that’s all changing, according to Modernizing Medicine’s CEO Dan Cane; EMRs are evolving to better assist physicians in unprecedented ways.
Cane should know since he’s helping his Boca Raton, FL-based company lead the way in developing a new league of sophisticated EMR technology across a
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Ochsner Health Launches Healthgrades-powered Appt Scheduling for Epic EHR
Healthgrades and Ochsner Health System has announced the availability of online appointment scheduling, enabling consumers to book real-time, online appointments with Ochsner doctors who utilize the Epic EHR. Today, more than one million people a day use the Healthgrades websites to search, compare and connect with hospitals and physicians based on the most important measures when selecting a healthcare provider: experience, hospital quality and patient satisfaction.
Online Scheduling
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Steven J. Stack, M.D., Inaugurated as New President of AMA
Steven J. Stack, M.D., an emergency physician practicing in Lexington, Ky., has been sworn in as the 170th president of the American Medical Association (AMA). Stack is the first emergency physician to serve in the role and the organization’s youngest president in the last 160 years.
The newest president will focus his tenure on advancing the AMA’s three strategic areas: improving health outcomes for the 86 million Americans living with pre-diabetes and the 70 million with hypertension;
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