Ingenix to Acquire Picis | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Ingenix to Acquire Picis

July 22, 2010
by root
| Reprints

Ingenix, an Eden Prairie, Minn.-based health information technology and services company, today announced it has signed a definitive merger agreement to acquire Wakefield, Mass.-based Picis Inc., a provider of health information solutions for the high-acuity areas of hospitals. The transaction is subject to regulatory approval and other customary closing conditions and is expected to close in the third quarter.

Ingenix is best known as a leader in health intelligence and analytics throughout the health care system. The combination with Picis significantly strengthens Ingenix’s position in the delivery system, where Ingenix serves nearly 6,000 hospitals in the U.S. with consulting, technology and outsourcing solutions. Picis will extend Ingenix’s capabilities into the high-acuity information systems market.

Picis is a market leader in providing enterprise software to the high-acuity areas of hospitals, which include the emergency department (ED), surgical suites (ORs and recovery rooms) and intensive care units (ICUs). Picis’ systems are currently installed in more than 1,800 medical centers, hospitals and integrated delivery networks (IDNs) in 19 countries throughout North America, Europe and Asia. The acquisition will enable Picis to build on its market-leading platform with additional resources, information and analytics expertise from Ingenix.

The high-acuity segment of the health information technology (HIT) market has been growing at nearly twice the rate of the overall HIT market over the past several years. Picis has experienced a compound annual growth rate in excess of 50 percent annually since 2001, and grew revenues during the downturn of 2009, even as other HIT vendors were experiencing revenue declines.


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

Topics

News

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).