Health-care IT News

Thursday, March 18, 2010

WPI lands grant to study radio wave impact on humans
Worcester Polytechnic Institute reports it has brought in $1.2 million stimulus grant from the National Institute of Standards and Technology to study the effect of radio waves on the human body.

Tuesday, March 9, 2010

PatientsLikeMe, Novartis join on organ transplant online community
Health care IT company PatientsLikeMe Inc. reports it is working with Novartis AG on a section of its online health care community focusing on patients with transplanted organs.

Friday, March 5, 2010

Amicas, Merge to pay $8.6M fee to rejected buyer Thoma Bravo
Amicas, a health care information technology company, will pay an affiliate of Thoma Bravo LLC a termination fee of $8.6 million, following Amicas' announcement earlier this week to be bought by Merge Healthcare in a cash deal worth $248 million.

Thursday, March 4, 2010

SensAble Technologies details $8M funding
Woburn-based haptic products maker SensAble Technologies Inc. says that it has completed an $8 million round of equity and warrants offering. Today, the company noted that HLM Venture Partners was a previous investor and that North Bridge is a new investor.

Wednesday, March 3, 2010

Policy Tracker: Agencies award $1B for health IT; Mass. scores high on environment report card
The U.S. Department of Health and Human Services awarded $761 million in grants, funded by the economic stimulus bill, to encourage the use of health information technology. And in other news, Massachusetts’ Congressional delegation earned high marks from environmental advocates for their votes on two-dozen bills on clean energy, climate change, public land use, and water and wildlife conservation.

Tuesday, March 2, 2010

Amicas reverses takeover plan, accepts $245M bid
Amicas Inc., a developer of information-management technologies for the health care sector, has reversed course and accepted a $245 million buyout offer submitted by Wisconsin-based Merge Healthcare Inc.

Friday, February 26, 2010

Visage Imaging lands $2M software sale to Aussie medical imager
Medical imaging software company Visage Imaging Inc. of Andover has landed a deal worth $2 million to supply its entire suite of software and services to Australian independent imaging provider Southern Radiology.

Monday, February 22, 2010

Amicas rejects higher $245M takeover bid
Less than two months after agreeing to be acquired by private equity firm Thoma Bravo LLC for $217 million, Amicas Inc. reports it has rejected a $245.4 million offer from Merge Healthcare Inc.

Friday, February 19, 2010

MedVentive moves funding round up to $10M
Health care management software firm MedVentive Inc. has boosted a venture round from $4.9 million to $10 million, according to regulatory filings.
ikaSystems software aims to cut health costs
Investors are betting big that a company called ikaSystems Corp. stands to cash in on health insurers’ urgency to reduce administrative and medical costs to rein in the price of premiums.

Wednesday, February 17, 2010

Phase Forward to buy back $25M in shares
Following a previously announced $40 million share repurchase program, Waltham-based Phase Forward Inc. said it will be repurchasing an additional $25 million of its common stock. The repurchase program will close by Dec. 31.

Monday, February 15, 2010

Mass. health IT attracts $26M in federal funds
Massachusetts has pulled in $25.6 million in federal funding for work in health information technology — $15 million to support electronic health records implementation and $10.6 million for a secure health information network to be built in Massachusetts.

Wednesday, January 20, 2010

Policy Tracker: N.E. firms win cleantech tax credits; Training grants for green jobs; Hospitals critique electronic records rule
A dozen New England companies were among the firms selected for $2.3 billion in tax credits according to the Obama Administration. In other news, the U.S. Department of Labor awarded nearly $100 million in grants to 25 green jobs training programs. And finally, hospitals and doctors contend the Obama administration is moving too fast in their efforts to promote the use of electronic health records.

Monday, January 18, 2010

eClinicalWorks lands business with SPI network
Westborough-based eClinicalWorks LLC has been chosen by Summa Physicians Inc. (SPI) to provide electronic medical records for the company’s 223 doctors in 33 specialty fields.

Thursday, January 14, 2010

Life Image raises $2M
Newton-based medical imaging applications startup Life Image Inc. has pulled in $2 million in financing. The company develops web-based applications and services to ease acces to patients’ medical-imaging history.

Monday, January 11, 2010

Adams named CFO of Athenahealth
Health care IT company Athenahealth has named Timothy Adams as its chief financial officer. Adams will oversee the company’s finance, legal and investor relations functions and will report to CEO Jonathan Bush.

Thursday, January 7, 2010

Origin takes in $126M in equity
Origin Holdings Inc. has taken in $126 million in an equity financing. The Windsor, Conn.-based company is connected to Origin Healthcare Solutions LLC, a provider of software and services designed to help healthcare institutions manage billing.

Monday, January 4, 2010

Athenahealth wins Caritas Christi e-health deal
Athenahealth Inc., a provider of Internet-based business services to physician practices, has announced that Caritas Christi Health Care has signed on to adopt the company’s electronic health record service.

Monday, December 28, 2009

Amicas acquired by private equity firm for $217M
Amicas Inc., a health information technology company, said Monday it agreed to be acquired by private equity firm Thoma Bravo LLC in a deal worth about $217 million in cash.

Wednesday, December 16, 2009

Surgical robots await medical, investment acceptance
The remotely controlled, robot-assisted surgery technology pie is a promising one. Yet, for Massachusetts investors, scientists and doctors, a number of obstacles are blocking them from a hefty slice.