{"id":36604,"date":"2009-11-05T08:26:07","date_gmt":"2009-11-05T13:26:07","guid":{"rendered":"http:\/\/www.pehub.com\/?p=54802"},"modified":"2009-11-05T08:26:07","modified_gmt":"2009-11-05T13:26:07","slug":"initiate-systems-buys-accenx","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/36604","title":{"rendered":"Initiate Systems Buys Accenx"},"content":{"rendered":"

Initiate Systems Inc.<\/strong>, a Chicago-based provider of master data management solutions for the exchange of health information, has acquired Accenx<\/strong>, an Irvine, Calif.-based provider of interoperability solutions for electronic healthcare records. No financial terms were disclosed. Initiate Systems has raised over $67 million in VC funding, from Apex Venture Partners, First Analysis Group, Sigma Partners, BlueCross BlueShield Venture Partners and Paladin Capital Group. It canceled a proposed IPO in 2008. Accenx raised $3 million in Series A funding led by National Healthcare Services.<\/p>\n

PRESS RELEASE<\/span><\/strong><\/p>\n

Initiate Systems, Inc., a leader in data management solutions for information sharing and improved data quality, has acquired Accenx Technologies, Inc., a leading provider of health information exchange solutions. This acquisition furthers Initiate\u2019s growth strategy and expands its offerings in the healthcare market. The terms of the deal are confidential.<\/p>\n

By acquiring Accenx, Initiate expands the breadth and reach of its proven interoperable health solutions enabling a broader set of healthcare stakeholders to connect and share information as market dynamics require greater focus on establishing well integrated healthcare communities.\u00a0<\/p>\n

\u201cThe debates over healthcare IT adoption and payment reform have validated that healthcare communities that master information sharing realize improved outcomes at lower costs,\u201d said Bill Conroy, president and CEO, Initiate. \u201cEHR is the buzzword of The American Recovery and Reinvestment Act, but what electronic health records offer is potential for interoperability. This requires information sharing within and between EHRs.\u201d<\/p>\n

Conroy continued: \u201cThe addition of Accenx is a natural extension for our company, and we believe it will prove valuable to our customers. Leveraging Initiate\u00ae interoperable health solutions as services through Accenx Exchange, Initiate now offers master data management (MDM) along with a connectivity platform delivering applications and relevant information at all points of service.\u201d<\/p>\n

Accenx Exchange\u2122 enables communities to rapidly connect healthcare providers, such as physician practices, reference labs and imaging centers, and easily share information such as orders and results. Accenx\u2019 Software as a Service (SaaS) delivery model and physician outreach program offers the service levels required by physicians with rapid deployment and a low up-front investment.<\/p>\n

\u201cJoining Initiate will help Accenx fulfill its promise of delivering innovative technology solutions to stakeholders across a broadening healthcare ecosystem,\u201d said David Cheng, CEO, Accenx. \u201cAccenx and Initiate have both partnered together with other application vendors to deliver health information exchange solutions. The combined company will continue to offer customers and partners the technology and services to make relevant applications and information available at every point of care across an expanded healthcare community.\u201d<\/p>\n

Initiate has been addressing health information technology (HIT) for more than 15 years. The company has recently been recognized by leading industry analysts as one of the highest ranked vendors providing master data management solutions. Initiate\u2019s high-performance, scalable software has set the standard for delivering a single, accurate view of patient and provider records. It is used by more than a hundred health organizations, including: hospitals, independent delivery networks (IDNs), regional health exchanges, e-subscribers, retail pharmacies, insurance payers, federal and state health agencies.\u00a0\u00a0<\/p>\n

About Initiate Systems
\nInitiate Systems enables organizations to confidently share critical data assets. Multinational corporations, healthcare organizations and government agencies rely on Initiate\u00ae software and services to deliver complete, accurate and real-time views of data spread across multiple systems, domains or databases. Initiate\u2019s multi-domain master data management (MDM) solutions facilitate interoperability, information sharing, entity resolution and data quality to increase revenues, reduce costs and mitigate risks. Initiate operates globally through its subsidiaries, with corporate headquarters in Chicago and offices across the U.S., and in Toronto, London and Sydney. For more information, visit www.Initiate.com<\/a>.<\/p>\n

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Initiate Systems Inc., a Chicago-based provider of master data management solutions for the exchange of health information, has acquired Accenx, an Irvine, Calif.-based provider of interoperability solutions for electronic healthcare records. No financial terms were disclosed. Initiate Systems has raised over $67 million in VC funding, from Apex Venture Partners, First Analysis Group, Sigma Partners, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-36604","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/36604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=36604"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/36604\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=36604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=36604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=36604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}