Siemens Healthcare said it entered into a definitive agreement to acquire MobileMD, a Yardley, Pa.-based health information exchange services provider.
Siemens agrees to buy MobileMD
Financial terms of the deal were not disclosed, according to a spokesman for Malvern, Pa.-based Siemens Healthcare. The company said the deal is not subject to regulatory clearances.
The acquisition is expected to support the shift toward coordination of care, according to a Siemens news release. MobileMD's health information exchange service is currently used by 110 hospitals and more than 2,000 physician practices.
"This level of data coordination and continuity across acute-care and ambulatory information systems is necessary to support broader initiatives to create coordinated accountable care organizations and to enhance patient transitions among various care settings," Siemens Healthcare said in its press materials.
Todd Fisher, founder and former CEO of MobileMD, has been named vice president of MobileMD under Siemens. He reports to Brenna Quinn, senior vice president of product development for Siemens Healthcare.
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