Emageon Gets Snapped Up | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Emageon Gets Snapped Up

October 14, 2008
by root
| Reprints

Birmingham, Ala.-based Emageon Inc. is being acquired by New York-based Health Systems Solutions, Inc. (HHS) in a $62 million cash transaction.

The melding of the organizations will result in a company of approximately 400 employees. Current Emageon management will continue to operate the business “as they have,” but as a part of the HSS group of companies, according to the organizations. Sales and support functions of both organizations will be maintained. HHS and Emageon say the combination will speed the development of a “next generation” PACS. Earlier this year, Emageon received the “Best in KLAS" award for Cardiology PACS.

Under the terms of the agreement, HSS will acquire all outstanding shares of Emageon common stock for $2.85 a share. The price represents approximately a 37 percent premium on Emageon’s share price as of market close on Oct. 13.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



KLAS Research: Small Hospitals’ Buying Decisions Impacting EMR Market Share

A new KLAS Research report tracks shifts in electronic medical record (EMR) vendor market share among acute care hospitals, and finds that smaller hospitals are seeking technology solutions that meet their needs and limited budgets, and these contracts are making a mark on the EMR market.

Survey: Majority of Providers Predict Success for New Generic Drug Company, Project Rx

Back in January, four health systems, in consultation with the VA, announced a collaboration to develop a new, not-for-profit generic drug company. A survey has found that 90 percent of providers say they would become customers of the new venture.

Personalized Medicine Awareness Low Among U.S. Adults, Survey Finds

Genetics and personalized medicine are not top of mind for the general public in the U.S., according to a recent survey from GenomeWeb and the Personalized Medicine Coalition.

Industry Organizations Praise Senate Passage of VA Mission Act

The U.S. Senate on Wednesday passed, by a vote of 92-5, a major Veterans Affairs (VA) reform bill that includes health IT-related provisions to improve health data exchange between VA healthcare providers and community care providers.

NIH Issues Funding Announcement for All of Us Genomic Research Program

The National Institutes of Health’s (NIH) “All of Us” Research Program has issued a funding announcement for genome centers to generate genotype and whole genome sequence data from participants’ biosamples.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).