Azalea Health, a provider of cloud-based healthcare solutions and
services, announced today an agreement to merge with simplifyMD,
a complete electronic health records (EHR) provider. The merger
positions the two privately held companies to become a leading
provider of a fully integrated, cloud-based healthcare management
and medical billing solution.
With a focus on patient engagement, Azalea’s integrated EHR and
billing solution has the flexibility to accommodate multiple
specialties of any size practice. The company provides Electronic
Health Records (EHR), Practice Management (PM), Revenue Cycle
Management Services (RCM), and a Patient Health Records Portal.
John Glushik, with Intersouth Partners, commented on the
agreement: “simplifyMD http://www.simplifymd.com
<http://www.simplifymd.com/> provides physician practices with a
simple, document-based approach that enables their users to make
an easy transition to using electronic health records (EHR)
technology. Azalea Health has a complete cloud-based practice
management and medical billing solution. The two solutions
complement each other nicely. With this merger, the new company
will be better positioned to provide customers with a broader
offering and enable the company to aggressively pursue market
opportunities.”
Baha Zeidan, Founder & CEO of Azalea Health, who will lead the
new company, says of the merger: “This is simply a great fit.
Both companies have considerable talent and experience in the
healthcare technology industry and are dedicated to simplifying
the life of physicians and administrators byproviding a complete
solution that is easy to implement and use. With our combined
skills, we’ll be able to offer expanded services and product
options, as well as the tools and resources to help our customers
with meeting their Meaningful Use and ICD-10 requirements.”
“The significant investments that continue to be made in the
health IT industry are a clear indicator of the region’s access
to quality talent and customers,” said David B. Hartnett, VP
Bioscience-Health IT Industry Development. “Bringing these two
innovative companies together under the visionary leadership of
Zeidan is a recipe for success and further underscores why metro
Atlanta is the nation’s health IT capital.”
During the transition, the companies will continue as simplifyMD
and Azalea Health, with the products and services of both
marketed under the Azalea Health brand. After closing, the two
businesses will continue to operate from their main offices in
Alpharetta and Valdosta, GA, with satellite offices in Macon, GA,
and Gainesville, FL.
“The key to our success is that we make the transition to EHR
easy for physicians, and we are constantly striving to add value
to our EHR that will help our customers succeed,” said Michael
Brozino, CEO of simplifyMD. “This is the next step in meeting
that objective and an opportunity to offer even greater value to
our customers. The bottom line is that we are helping doctors to
be doctors so they can focus on their patients’ needs rather than
on software.”
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About Azalea Health
Azalea Health is a leading provider of cloud-based healthcare
solutions and services. The complete Azalea solution provides
Electronic Health Records (EHR), Practice Management (PM),
Revenue Cycle Management (RCM) billing services, as well as a
Patient Health Records Portal, and a mobile mHealth application.
With a focus on patient engagement, Azalea’s integrated solution
has the flexibility to accommodate multiple specialties of any
size practice and can immediately improve workflow as well as
revenue flow. The solution also provides tools and resources to
help customers meet their Meaningful Use and ICD-10 requirements.
About simplifyMD
Atlanta-based simplifyMD understands the stress and complexity
physicians can encounter when buying and deploying traditional
EHR systems. simplifyMD provides a simple experience to
Electronic Health Records and Practice Management for primary
care and many other specialties through EHR and PM solutions that
mirror the physician’s chart, uses the physician’s forms, and
preserves the physician’s workflow. simplifyMD cloud-hosted EHR
and Practice Management software streamlines operational
workflow, lowers operating costs and increases revenue without
disruption to the medical practice. To learn more, please visit
http://www.simplifymd.com <http://www.simplifymd.com/> .
The M&A market for healthcare companies continues to build on STRATEGIC opportunities and a fragmented market. Consolidations along with unprecedented demand are driving scale across the continuum of care. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
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