LOS ANGELES, April 1, 2016 – e-MDs, a leading provider of electronic medical record, practice management, revenue cycle management and credentialing solutions, announced today that it has acquired a portfolio of software assets from the Business Performance Services division of McKesson Corporation (NYSE: MCK). The assets include McKesson Practice Choice™, Medisoft®, Medisoft® Clinical, Lytec®, Lytec® MD and Practice Partner® (“McKesson Assets”), and consist of practice management and electronic health record software solutions sold to the ambulatory care market. The practice management products (Medisoft®, Lytec® and McKesson Practice Choice™) deliver streamlined scheduling and billing functionality, while the electronic health record software (Medisoft® Clinical, Lytec® MD, Practice Partner® and McKesson Practice Choice™) enhance care quality while improving efficiency within a physician practice. The acquisition further enhances e-MDs’ integrated software platform by adding new ambulatory capabilities to its existing portfolio of technology services and software solutions.
“The McKesson team supporting these products shares our same passion – helping doctors maintain their focus on the patient,” stated Derek Pickell, CEO of e-MDs. “All of us at e-MDs look forward to aligning with their team to bring e-MDs’ full suite of solutions to thousands of new providers across the country.”
“This acquisition is key to both our growth and diversification strategies,” stated George Kase, a partner at Marlin. “The purchase is in line with our vision to complement organic growth with select strategic acquisitions. The combination more than quadruples e-MDs’ physician client base within the small physician market and also accelerates the opportunity to scale and extend the e-MDs brand into new areas not previously available.”
About Marlin Equity Partners
Marlin Equity Partners is a global investment firm with over $3 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthen a company’s outlook and enhance value. Since its inception, Marlin, through its group of funds and related companies, has successfully completed over 100 acquisitions. The firm is headquartered in Los Angeles, California with an additional office in London. For more information, please visit www.marlinequity.com.
About e-MDs
e-MDs is a leading provider of integrated electronic health records, practice management software, revenue cycle management and credentialing services for physician practices and enterprises. Founded by physicians, the company is an industry leader in providing usable, connected software that enables physician productivity and a superior clinical experience. e-MDs software has received top rankings in physician and industry surveys including those conducted by the American Academy of Family Physicians’ Family Practice Management, AmericanEHR™ Partners, MedScape® and Black Book®. e-MDs has a proven track record of positioning clients for success as demonstrated by Meaningful Use attainment in 2011, 2012, 2013 and 2014. According to data provided by CMS, e-MDs clients are attesting in the top proportion of all major vendors. The company is headquartered in Austin, Texas with additional locations in New York, Massachusetts, North Carolina and India. For more information, please visit http://www.e-mds.com.
For additional information, please contact Peter Spasov at (310) 364-0100 or via e-mail at pspasov@marlinequity.com.