- ISRAEL21c - http://www.israel21c.org -
Allscripts acquires dbMotion for $235 million
Posted By Viva Sarah Press On March 6, 2013 @ 5:55 am In | No Comments
Allscripts Healthcare Solutions has acquired Israel’s dbMotion, a leading supplier of community health solutions, for $235 million in cash and shares.
Founded in 2004, dbMotion provides a strategic platform for care coordination and population health management that integrates discrete patient data from diverse care settings, regardless of IT supplier, into a single patient record. dbMotion provides a longitudinal clinical data repository with semantically normalized patient data, point of care tools, a physician portal, population tools and an analytics gateway. This reduces the cost of care delivery and enables better physician-to-physician care coordination.
“We share Allscripts’ vision to create an open, EHR-neutral, connected community of health,” dbMotion chairman and CEO Yuval Ofek told Globes. “We look forward to accelerating our mission to impact industry-wide interoperability and to deliver solutions that support new value-based payment models and improve the health of populations.”
Over 350 hospitals and nearly 3,000 clinics around the world currently use dbMotion technology.
The Hod Hasharon-based company has 110 employees at its headquarters and technology centers in Ra’anana and Omer.
Allscripts and dbMotion entered a strategic partnership in 2009 and Allscripts made an equity investment in dbMotion in 2011.
“Healthcare physicians and other caregivers need improved care coordination, and these platform technologies put us in a leadership position to deliver on our vision for population health management through our Connected Community of Health,” said Paul M. Black, President and Chief Executive Officer of Allscripts. “By solidifying our open connectivity strategy and strengthening our patient engagement offerings, we will accelerate information sharing and population health management, enabling better care. dbMotion serves as the digital key to unlock the open exchange of critical patient information across disparate systems.”
Article printed from ISRAEL21c: http://www.israel21c.org
URL to article: http://www.israel21c.org/news/allscripts-acquires-dbmotion-for-235m/
Copyright © 2012 Israel. All rights reserved.