Per-Se Technologies, an Atlanta-based healthcare information technology vendor, on Thursday said it will exit the clinical IT business by selling its Patient1 electronic medical records product line to Misys Healthcare Systems for $30 million in cash.
The sale also includes Decision1, a clinical data warehousing and reporting tool.
Misys, a unit of British software company Misys plc, has a long history in clinical IT of serving individual medical specialties and hospital departments, but it has lacked a comprehensive EMR and computerized physician order entry package to sell to entire hospitals and health systems.
Misys "really wants to play in the enterprisewide (computerized patient record) market," according to Matthew Morgan, M.D., director of healthcare informatics for Per-Se. "They didn't have the core advanced CPR system with knowledge bases and clinical decision support."
Morgan, who will become director of medical informatics at Misys when the pending deal closes within the next 30 days, says that the "technologies are very compatible" between Patient1 and existing Misys clinical products.
Misys says it will market the Per-Se software as Misys CPR and Misys CPOE.
Patient1 represents a small portion of Per-Se's business. According to Misys, the line recorded $25 million in sales in 2002; Per-Se had overall revenues of $354 million last year.
"The sale of Patient1 will allow us to better focus our resources on the services and technologies that help physicians and hospitals make their businesses more efficient and optimize reimbursement," Per-Se Chairman, President and CEO Philip Pead says in a statement.