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.