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Hicks Acquires Stake in SafeMed

June 15, 2007
by root
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Hicks Holdings LLC, a Dallas-based private investment enterprise, has acquired a 40 percent stake in SafeMed, a San Diego-based provider of clinical decision support systems. Financial terms of the agreement were not disclosed

According to SafeMed, it currently offers three products:

  • SafeMed Phama identifies prescription drug alternatives, ranking them by safety, efficacy and affordability based on patient-specific data in conjunction with insurer business rules.
  • SafeMed Imaginghelps identify and rank diagnostic imaging tests for a specific patient, and provides an authorization and approval process.
  • SafeMed Quality analyzes patient data against Class I quality guidelines in real time to help identify and resolve gaps in care.

According to Hicks, the investment will enable SafeMed to accelerate the continuing implementation of its business strategy.

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