Human resources service provider Automatic Data Processing Inc. (NSDQ:ADP) jumped into the healthcare information technology market with the acquisition of AdvancedMD.
Salt Lake City-based AdvancedMD is a 200-employee company that provides cloud-based practice management and electronic medical record products. Its services are currently used by about 4,100 practices, according to ADP.
"With our newly combined team, ADP and AdvancedMD will compete effectively for the small- and mid-sized physician practice market, which is going through a rapid technology adoption cycle and moving aggressively toward outsourced solutions — clearly ADP’s strength" ADP chief strategy officer Jan Siegmund said in prepared remarks.
Here’s a roundup of companies announcing mergers, acquisitions and divestitures.
- CRO Clinipace buys Colorado regulatory firm
Contract research organization Clinipace Worldwide acquired Regulus Pharmaceutical Consulting Inc. in a move to expand its regulatory and development capabilities. The financial terms of Morrisville, N.C.-based Clinipace’s buyout of Regulus were not disclosed, but Clinipace said it will keep the Regulus team intact and working from its current location in Boulder, Colo. Regulus now becomes the consultancy division within Clinipace covering regulatory affairs, strategic development and quality assurance. Regulus President Brenda Fielding will stay on with the company as executive vice president of regulatory affairs for Clinipace, writes MedCity News.
- Mindray to acquire a controlling stake in Shenke Medical
Shenzhen, China-based Mindray Medical International Limited (NYSE:MR) announced an agreement to acquire a controlling stake of Shenzhen Shenke Medical Instrument Technical Development Co. Ltd. The terms of the transaction were not disclosed and the transaction is non-material to Mindray’s financial statements. Founded in 2004 and also based in Shenzhen, Shenke Medical is one of the leading infusion pump manufacturers in China. The company also manufactures syringes and infusion monitoring management systems.
- Physio-Control closes Jolife AB buyout
Physio-Control Inc. president Brian Webster wrote in a letter to his company’s customers and parters that "Physio-Control has taken another major step in our business strategy by successfully completing the acquisition of Jolife AB, the maker of the LUCAS Chest Compression System. Jolife AB, headquartered in Lund, Sweden is now a key component of the Physio-Control business. Physio-Control has a strategy to proactively develop and acquire innovative technologies that expand the range of tools and solutions available to our medical emergency response customers. The Jolife acquisition is fully aligned with that strategy." The two companies began a business relationship in 2004, according to Physio-Control.
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- Kelley Habib John picks up Seidler Bernstein
Boston-based brand strategy firm Kelley Habib John (KHJ) acquired Cambridge, Mass.-based Seidler Bernstein, a healthcare marketing communications firm specializing in the medical device, diagnostics and research industries. The move combines the companies’ "business and consumer marketing know-how in every segment of the new healthcare economy." For more than two decades, KHJ has operated as a hybrid between a strategic consultancy and a brand communications agency.