Amazing Charts, a North Kingstown, R.I.-based electronic health-record developer, has been acquired by Pri-Med, a Boston-based medical education provider. Terms were not disclosed.
Dr. Jonathan Bertman, founder and CEO
of Amazing Charts, will stay on as president, according to a news release.
Kathleen Repoli, the company's COO and executive vice president of human resources and finance, will serve as senior vice president.
Bertman was Modern Physician's 2010 Physician Entrepreneur of the Year.
Amazing Charts was also one of the leaders in a recent Medscape physician survey of EHRs
in which products were rated on issues of ease of use, value and reliability.
“While other EHR vendors may try to find ways to sell EHR data to the highest bidder, we believe any use of this data must be ethical, with clear and consistent disclosure, and used to improve patient outcomes rather than allow advertisers to better target consumers,” Bertman said in the release. “And after being contacted by dozens of companies, including other EHRs, private-equity firms, and venture capitalists, I have no doubt that Pri-Med is the best possible partner for our clients, our employees, and most importantly, the patients for whom we all care.”
In the release, Pri-Med founder and CEO John Mooney said that with this new and “deeply integrated partnership,” the companies are “reimagining the EHR as a real-time educational instrument that expands well beyond managing one's practice.”
In a frequently asked questions
page on the Amazing Charts website, noted that “being a small company in a market dominated by much larger companies” put Amazing Charts at a “competitive disadvantage” and that this deal will give the company the financial resources it needs. The page also notes that selling the company to clients and/or employees was explored but discouraged by advisers.
Pri-Med is owned by Diversified Business Communications, a Portland, Maine-based producer of international trade and consumer events, publications and electronic media products, according to its website.