Healthcare Business News

Medecision completes Cerecons acquisition

By Jaimy Lee
Posted: January 30, 2013 - 2:00 pm ET

Medecision, a Wayne, Pa.-based provider of healthcare management technology and services, said it closed its acquisition of Cerecons, a privately held healthcare technology company.

Financial terms of the deal were not disclosed, a Medecision spokeswoman said in an e-mail. The transaction closed earlier this month.

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The combined company works with 90 healthcare organizations, such as health plans, hospitals, physicians and consumers that are involved in risk-sharing programs. Cerecons' technology uses electronic health records to provide clinical decision support.

“We're thrilled to work alongside such industry leaders and look forward to collectively setting the standard for coordinated accountable care,” said Cerecons CEO Philip Paul, who is now an executive vice president at Medecision, in a news release.

Cerecons, based in Anaheim Hills, Calif., has a staff of 20. The spokeswoman declined to disclose the company's revenue.

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