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Watertown-based athenahealth Inc. is adding to its health IT business with its plan to pay at least $28 million to buy Proxsys LLC, a cloud-based care coordination firm for doctors and hospitals. The acquisition would fold Proxsys’ business into athenahealth’s own care coordination service, athenaCoordinator.
The buyout fee could increase by up to $8 million based on financial and business milestones, a news release indicated Thursday.
Proxsys, which operates out of Birmingham, Ala., develops its cloud computing service to aid transitions between physicians and laboratories, hospitals, specialists or imaging centers, with the intention of easing referrals, patient registration, medical orders and insurance pre-certification.
The acquisition is expected to be complete during the third quarter of 2011.
Athenahealth (Nasdaq: ATHN) opened its wallet last month when it paid $7.7 million to buy “Point Lookout” – a 396-acre piece of property in Northport, Maine, where the company plans to house its new client and employee training center. The new property is close to athenahealth’s Belfast operations center that employs 300 people.
In February, Microsoft Corp. and athenahealth formed an alliance to create an electronic health records platform, in which the cloud-based athenaClinicals and athenaCollector products will be used with Microsoft Amalga, the company’s “health intelligence platform” designed to gather data from different IT systems, to aid communication between doctors, hospitals and patients.
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