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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.