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MEDICITY
ACQUIRES PARK CITY SOLUTION’S iSERVICES DIVISION
Combined company now serves
more than 1200 healthcare organizations, delivers
clinical connectivity, Web-based EHRs
SALT LAKE
CITY, UT, February
8, 2006 - Medicity Inc., a provider of clinical connectivity
and Web-based electronic health records (EHRs) for
healthcare organizations and connected communities,
today announced the acquisition of Park City Solutions’
iServices Group. The combined organizations, which
will operate under the name Medicity, will continue
to sell and support all products offered by both companies.
The new Medicity is the largest vendor-neutral
integration partner in the industry, delivering solutions
that provide connectivity, Web-based portal solutions,
EHRs, and community-wide indexing solutions for hospitals,
payors and large physician groups. The company is
also positioned to be the premier provider of end-to-end
technology solutions for the growing RHIO/HIE market.
Medicity now serves more than 1200
healthcare organizations including hospitals, large
physician groups, national payors and clinical laboratories.
The company’s products and services include:
-
Portals for the consumer, employee,
patient, and physician
-
Web-based electronic health record
-
Master indexing for patients,
providers, and payors
-
Web-based data distribution and
EMR integration with proven integration to several
of the largest ambulatory EMR suppliers.
-
Community order portals
-
End-to-end community information
sharing networks (RHIO/HIE)
-
Strategic e-health consulting
Medicity and Park City Solutions
were both launched in 1999. Medicity has focused on
large-scale clients and managing complex integration
problems in the healthcare market space and is the
recipient of the Henry Ford HITS Award. Park City
Solutions has focused on the portal needs of hospitals
and was recently distinguished as the only non-core
HIS vendor to qualify for the main body of the first
KLAS Physician/Clinician Portal Study released in
September, 2005. Medicity is privately held and profitable,
with a strong balance sheet, positive cash flow from
operations, and nearly 100 total employees who collectively
own more than two-thirds of the company.
The new Medicity will be led by Kipp
Lassetter, M.D., as Chairman and CEO, with corporate
headquarters in Salt Lake City, Utah. Additional offices
are located in Chicago, Cleveland, Ohio and Chapel
Hill, North Carolina. Brent Dover and David Duntz
from Park City Solutions will join the Medicity executive
leadership team. All Park City Solutions iServices
Group employees will continue employment with Medicity.
Lassetter comments, “With this
new combination of talent and product, Medicity is
twice as smart, twice as big, and twice as experienced.
All of our existing customers and future customers
will benefit from this transaction. Our relationships
with our current clients are the single greatest asset
of the combined companies and we are in an excellent
position to support them with a deeper bench of talent,
a broader range of products and improved economies
of scale. We look forward to strengthening our relationships
with all of our clients in the years ahead as we continue
to develop innovative ways to provide access to critical
information from diverse locations creating a unified
view of actionable patient data. ”
About
Medicity
Medicity Inc. serves the healthcare industry with
Web-based portal solutions, EHRs, and community-wide
indexing solutions for hospitals, payors and large
physician groups. For more information about Medicity,
contact Brad Dodge at (770) 998-0500 ext. 224 or email
at bdodge@dodgecommunications.com.
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