CompuGroup Medical AG has yesterday entered into an agreement for the purchase of HealthPort's Solution Services Division assets. The Solution Services Division includes practice management software, electronic health records and revenue cycle management software for approximately 3,600 physicians.
HealthPort's Solution Services Division includes a strong product and service offering serving physician practices, community health centers and hospitals. The product portfolio, made up of both acquired and developed solutions, is a strong strategic fit for CompuGroup Medical's USA business because of the additional customer base for considerable revenue growth from cross-selling current products and sales of new products. There is also a strong fit with the customer management, marketing and innovation strategies of the fast growing CompuGroup Medical USA business.
The adoption rate of electronic healthcare records is expected to accelerate in the US market because of federal government incentives in the amount of approximately 20 billion US dollars offered for achieving meaningful-use capabilities to improve overall patient quality outcomes. With the acquisition of HealthPort's Solution Services Division, CompuGroup Medical AG follows its strategy of a continues growth consistently of its, at this stage greatest coverage among healthcare providers worldwide (physicians, dentists, hospitals etc.).
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated: "The US is a core market for CompuGroup Medical. With the network of healthcare providers now served through Noteworthy, Visionary and HealthPort's Solution Services Division we continue to move up the ranks of healthcare IT companies in USA. I repeat our commitment to do everything in our power to develop the United States, a key future market, for CompuGroup Medical."
About HealthPort
HealthPort is the largest provider of release of information and the premiere choice for health information technology. With a comprehensive selection of affordable, quality health information solutions, HealthPort serves more than 10,000 healthcare facilities, over 44,000 physicians and millions of requestors nationwide. HealthPort is changing the face of healthcare by combining knowledge, technology and service to streamline the administrative and business processes of the healthcare community. For more information, visit www.healthport.com or call 1-800-737-2585.
HealthPort's Solution Services Division includes a strong product and service offering serving physician practices, community health centers and hospitals. The product portfolio, made up of both acquired and developed solutions, is a strong strategic fit for CompuGroup Medical's USA business because of the additional customer base for considerable revenue growth from cross-selling current products and sales of new products. There is also a strong fit with the customer management, marketing and innovation strategies of the fast growing CompuGroup Medical USA business.
The adoption rate of electronic healthcare records is expected to accelerate in the US market because of federal government incentives in the amount of approximately 20 billion US dollars offered for achieving meaningful-use capabilities to improve overall patient quality outcomes. With the acquisition of HealthPort's Solution Services Division, CompuGroup Medical AG follows its strategy of a continues growth consistently of its, at this stage greatest coverage among healthcare providers worldwide (physicians, dentists, hospitals etc.).
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated: "The US is a core market for CompuGroup Medical. With the network of healthcare providers now served through Noteworthy, Visionary and HealthPort's Solution Services Division we continue to move up the ranks of healthcare IT companies in USA. I repeat our commitment to do everything in our power to develop the United States, a key future market, for CompuGroup Medical."
About HealthPort
HealthPort is the largest provider of release of information and the premiere choice for health information technology. With a comprehensive selection of affordable, quality health information solutions, HealthPort serves more than 10,000 healthcare facilities, over 44,000 physicians and millions of requestors nationwide. HealthPort is changing the face of healthcare by combining knowledge, technology and service to streamline the administrative and business processes of the healthcare community. For more information, visit www.healthport.com or call 1-800-737-2585.
