GE Healthcare and the conglomerate’s financing arm, GE Capital, launched a $100 million program aimed at accelerating adoption of its suite of electronic medical records products.
Health Technology
Athenahealth inks deal with Maine’s largest physician network
About 4,000 physicians in Maine will have access to a suite of electronic healthcare records and billing software made by Athenahealth Inc., thanks to a new alliance announced earlier in the week.
The Watertown-based electronic health care records company said it will provide its products to the Medical Network Inc. of Maine, an independent physicians’ network of 4,000 doctors, allied health providers, ancillary facilities and hospitals spanning the entire Pine Tree State.
Byers to step down at Athenahealth
Carl Byers, the CFO who helped take Athenahealth Inc. from its early start-up days through an initial public offering and finally to profitability, will step down in early 2010.
Byers, 37, said he’s leaving the Watertown-based electronic healthcare records company to “pursue a family goal to live abroad.” He will also relinquish his role as company treasurer. Officials at Athenahealth said he will work with the company’s search committee to appoint his successor.
Amicas stockpiles Q1 cash to pay for Emageon merger
Amicas Inc. quintupled its cash on hand during the first quarter of 2009 to pay for its $39 million merger with Emageon Inc..
Boston-based Amicas, which makes medical imaging software and services, reported $35 million in cash from investment activities during the three-month period ended March 31, a nearly five-fold increase from just under $8 million the company reported for the same period last year.
Athenahealth nearly doubles Q1 sales
Who needs the stimulus money? Apparently not athenahealth Inc.
The Watertown-based electronic healthcare records company came out of the gate firing on all cylinders during the first quarter of 2009, posting a 41 percent increase in sales for the three month period ended March 31.
That means the company was doing gangbuster business long before the American Recovery and Reinvestment Act, which is slated to pump nearly $20 billion into electronic healthcare records, made it past the Senate in February.
Perceptive Informatics introduces new Alzheimer’s imaging tool
Perceptive Informatics, the information technology arm of research and development contractor Parexel International Corp., rolled out a new imaging tool for the study of Alzheimer’s disease.
The new medical imaging methodology, aimed at clinical trials of Alzheimer’s treatments, measures ventricular size to help monitor brain atrophy in Alzheimer’s patients by examining MRI scans.
Earlier this week, Parexel posted a 6 percent sales increase and flat earnings for the third quarter.
Phase Forward’s Q1 sales surge 28 percent
Phase Forward Inc. beat its first-quarter sales and earnings estimates with a 28 percent sales surge and a 2 percent earnings increase.
The Waltham-based clinical data management software provider posted first-quarter sales of $48.8 million, compared with $38 million during the same period last year.
Net income grew to $4.1 million, compared with $4 million during the first quarter of 2008.
Phase Forward inks licensing deal with Novo Nordisk
A week after closing a $14 million acquisition, Phase Forward inked a multi-year, multi-million-dollar deal with Novo Nordisk to provide clinical trials software to the Danish pharmaceuticals colossus.
The Waltham clinical trials software provider will supply its InForm electronic data capture platform to the diabetes and hemophilia treatment developer for all of its clinical trials. Novo Nordisk is already using the EDC product in more than 30 countries.
Phase Forward drops $14 million on Waban Software
Clinical data management software provider Phase Forward acquired Waban Software for $14 million in cash.
Cambridge-based Waban, which develops automation and compliance platforms for clinical data analysis and reporting, will operate as the Waban Software Group under the Phase Forward umbrella and relocate its base to its new parent’s headquarters in Waltham.
Phase Forward said the deal extends the range of clinical data solutions it offers to life science companies.
Waban posted sales of about $4 million last year and broke even on operating income.
Haemonetics buys Vancouver-based medical information company
Haemonetics Corp. continued to take advantage of a buyer’s market with its acquisition of Neoteric Technology Ltd., just weeks after buying a California software company.
Neoteric, a healthcare software provider, makes the BloodTrack Suite, a group of software applications that remotely track, allocate, release and dispense blood units throughout a hospital. The Vancouver-based firm, founded in 1997 by Geof Auchinleck, says its products are used in over 100 hospitals in North America and Europe.
American Well lands second BCBS contract
American Well landed its second contract with Blue Cross, Blue Shield, this time to provide its Online Care service to the healthcare provider’s Minnesota operation.
The Boston-based online healthcare services provider‘s first deal, inked last year, was with the healthcare provider’s Hawaii operation.
Online Care is a multimedia web interface that allows patients to virtually consult with physicians over the Internet.