We think that Medicine is a scientific discipline, and we believe it too, right? So what is a core tenet…
Misys, iMedica Reach EMR Agreement
iMedica announced this afternoon that it has reached an agreement with Misys Healthcare Systems that will grant Misys a license for iMedica PRM 2008 PM/EMR and the SP1 release to follow. Misys and iMedica will not share further software enhancements and Misys will not be entitled to future iMedica releases beyond SP1.
Misys will pay iMedica $12 million in cash and all remaining royalties due under the original agreement between the companies. In addition, Misys will give up its 18.4% ownership stake in iMedica.
I worked with iMedica for a short time. The product I saw was pretty good — but in needed of further development. But, in comparison to what Misys called a product iMedica was already in the next universe. It can only be a good, good thing for iMedica. Never could figure out why they thought that Misys had anything to bring to the table.
Allscripts and Misys get a current .net version of iMedica for $12 Million Dollars… That’s a sweet deal. You have one day to get in on the pre-merger dividend.
Phil, you are forgetting the $13M that Misys already paid for iMedica on the first go round. Since Misys has already proven that they can’t develop products, maybe Allscripts can have better luck with it?
So in ot6her words Misys and Imedica will be selling the same product, wow! Won’t Misys crush Imedica then? They will be able to offer more updates, enhancements, etc.