Good for the blokes at Craneware. If you’re going to sell your company to be over-leveraged and sold-off piecemeal, leaving…
Misys Licenses Small Practice PM/EMR from iMedica
Misys Healthcare announced this morning that it will license practice management and electronic medical records products from iMedica. Misys will pay $8 million for minority ownership in iMedica plus $5 million in licensing fees. Misys will also get a seat on iMedica’s board of directors.
iMedica was founder by former Millbrook executives in 1998. Michael Nissenbaum is president and CEO.
New Misys-labeled product offerings, including an ASP product, will be announced in November. Misys CEO Mike Lawrie said the deal will allow the company to quickly market a small practice product, an area identified earlier as a weakness.
Did Misys rename iMedica to Misys MyWay? Is that how they are marketing it?
[From Mr. HIStalk] Yes, although I think they may be adding functionality not present in the standard iMedica product. So I’ve heard, anyway.