HMS parent buys ER tech company Medhost
The parent company of Healthcare Management Systems Inc. has purchased Medhost, a Texas company that builds information systems for emergency rooms.
Nashville-based HealthTech Holdings Inc. said it expects the purchase to push its total revenue past $100 million in 2010. Terms of the deal were not disclosed.
HMS, also based in Nashville, develops sells and provides support for integrated clinical and financial hospital information systems and services. Medhost provides similar support for emergency room personnel, using a simplified interface that’s designed to reduce paperwork time.
According to a news release, HMS and Medhost will work together to create an integrated system for the 650 community hospitals that use HMS software.
“This is a win-win transaction,” HMS CEO Tom Stephenson said in a news release. “We will work together to gain the benefits of collaboration and capitalize on each other’s strengths.”
Filed under: legal by TheDoor