Boca Raton based Modernizing Medicine, Inc. announced on 7.22.15 that it has signed a definitive agreement to acquire Weston, Florida-based gMed, Inc.
The acquisition is expected to increase Modernizing Medicine's gastroenterology market share with the addition of gMed's electronic health record (EHR) system, endoscopy report writer, practice management solution, patient portal, data analytics tool and revenue cycle management.
"As a provider of EMR systems plus billing, revenue cycle management and inventory management solutions for medical specialties, the acquisition of gMed fits Modernizing Medicine's specialty-specific focus and strengthens our product portfolio," said Dan Cane, CEO and co-founder of Modernizing Medicine. "gMed's gGastro product functionality complements our own EMA Gastroenterology™ EMR system and is compatible with our product development and growth strategy to be the industry's foremost specialty-specific vendor."
Modernizing Medicine's acquisition of gMed is subject to certain customary conditions to closing. Pending fulfillment of such conditions, Modernizing Medicine currently anticipates closing the transaction in the third quarter of 2015.
"This acquisition aligns with our mission to offer the best gastroenterology-specific solutions and allows us to capitalize on our joint successes in the specialty EMR system market," said Joe Rubinsztain, MD, CEO and founder of gMed.