Greenway Acquires Imaging Technology
Purchase Signals Focus on Expanding EHR Functionality and Company Growth
Greenway Medical Technologies, Inc. today announced that it has acquired imaging technology and certain other assets from VisualMED, a leading imaging conversion and communications firm serving the healthcare marketplace. The acquired technology forms a key component of Greenway’s recently announced PrimeIMAGETM solution for the Greenway® PrimeSUITE® 2011 electronic health record (EHR) solution.
PrimeIMAGE is an integrated picture archiving and communications system (PACS) that provides unique image management capabilities for physician practices by enabling customers of PrimeSUITE to combine digital imagery and data capture for integration into PrimeSUITE patient charts. Terms of the transaction were not announced.
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Except for the historical information contained herein, the matters discussed in the press release are forward-looking statements within the meaning of the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including but not limited to economic, competitive, governmental, and technological factors affecting the Company's operations, markets, services and related products, prices, and other factors.
“We are excited to announce this technology acquisition, as it gives our customers a low-cost way to manage the multitude of images and reports they encounter on a daily basis,” said Tee Green, Greenway president and CEO. “While we continue to pride ourselves on having built our award- winning PrimeSUITE EHR solution from the ground up, this acquisition sends a clear message that we intend to acquire industry-leading technology where strategically advantageous,” Green said.
Greg Fulton, Greenway Medical Technologies, Inc.
Michael Ares, Fleishman-Hillard Inc.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: communications, healthcare, services and software. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion. For additional information, please visit www.pamlicocapital.com.