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Vitera acquires Alabama records company


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  • | 2:56 p.m. June 18, 2013
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TAMPA — Vitera Healthcare Solutions has acquired Birmingham, Ala.-based SuccessEHS as part of its plan to dominate the growing electronic medical record industry. Terms of the deal were not disclosed.

The acquisition enables Vitera to offer expanded services to office-based physicians and community health centers to improve operational efficiencies, revenue generation and patient health outcomes, Vitera says in a statement.

SuccessEHS, which provides electronic health records, practice management, electronic dental records, dental imaging and revenue cycle management solutions, has doubled in size in two years.

With the addition of SuccessEHS's customers, Vitera will now serve more than 10,500 medical organizations and more than 415,000 medical professionals nationally — including 85,000-plus physicians, it says in the statement.

The acquisition expands Vitera's customer base of community health centers to include rural health centers, student health centers, HIV/AIDS clinics and federally qualified health centers.

Matthew Hawkins, CEO of Tampa-based Vitera, says: “The acquisition is a natural progression of Vitera's strategic intent to be the leader in ambulatory health care information technology. We are committed to providing the solutions and services our customers need to succeed in this new era of health care.”

The electronic medical record management industry is expected to grow to $8 billion by 2016 under Obamacare, the Health Care for America plan.

Raymond James Health Care Investment Banking Group served as financial adviser to SuccessEHS in the transaction. Jefferies Finance LLC and BMO Capital Markets have agreed to provide the debt financing in connection with the transaction, which still requires regulatory approval.

 

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