|
|
||
| |
128 Venture Capital Group 3i Venture Capital Accuitive Medical Acer Venture Capital Act Venture Capital Ltd Adelaide Venture Capital Email ADS Ventures Boston Advantages Of Venture Capital Advent Venture Capital Agio Capital Alabama Venture Capital Alaska Venture Capital All Stages Venture Capital American Venture Capital Analysis Venture Capital Analyze Venture Capital Angel Capital Appraisal Venture Capital Arch Venture Capital Argentina Venture Capital Arizona Venture Capital Arkansas Venture Capital Arrowpath Venture Capital Assess Venture Capital Assessment Venture Capital Atlas Venture Capital ATV Venture Capital Aurora Fund Australia Venture Capital Austria Venture Capital Automotive Venture Capital AZ Venture Capital VCgate More Tags
-
Vemics Announces $9M Acquisition of NuScribe, a Leading Medical Transcription Streamlining Provider
Acquisition creates first single-sourced, real-time online productivity solution for a market of more than 600,000 physicians nationwide
Vemics, a leading provider of hosted, real-time collaboration and meeting solutions announced recently the acquisition of Austin-based NuScribe™, Inc., (www.nuscribe.com) a developer of voice recognition software applications and web-based productivity tools for the medical, pharmaceutical and healthcare industries for $9 Million in an all-stock transaction with Vemics’ stock valued at $.90 per share. The combined Vemics and NuScribe technologies will be well positioned to serve a market of over 600,000 physicians in the United States with an integrated real-time productivity toolset, greatly reducing the cost and time spent creating electronic medical records industry-wide.
The acquisition makes Vemics the first company to deliver single-sourced online solutions for:
Electronic medical record creation
Live, interactive virtual medical education and collaboration
Real-time marketing for pharmaceutical companiesPhysicians nationwide will benefit from greatly simplified electronic medical records creation, freeing more time for patients. In addition, doctors will have real-time access to medical records and other healthcare professionals nationwide, lowering medical costs and improving clinical results. Also, the new web conferencing platform eliminates travel to live continuing medical education seminars and medical events. Medical professionals can also utilize the platform to deliver online seminars.
NuScribe SMR™, NuScribe’s flagship product, is a web-based, speech-enabled medical documentation system that helps medical professionals save time, increase revenue and cut costs while streamlining the entire medical transcription process. The system enables physicians to create, edit, sign and dispatch patient notes, electronic medical records, prescriptions, referral letters and more. NuScribe’s document templates, voice macros and patient-specific fields, customized for the physician, greatly reduce physical dictation time and costs.
During the transition period, scheduled to be complete by mid first-quarter 2007, both companies will maintain current business activities while working collectively to produce the new integrated collaboration and productivity tools.
”We are very impressed with Vemics’ custom online instructor-led education and collaboration solutions. There is tremendous value in combining NuScribe’s technology, development capability and customer base to produce the next-generation of fully collaborative, hosted productivity tools for the healthcare industry,” said Tom Dorsett, CEO and co-founder of NuScribe. “This is an exciting time for healthcare information technology and we are now collectively positioned to move to the forefront of the market.”
Dorsett will be senior vice president, business development for Vemics overseeing continued sales into the U.S. hospital and medical markets, building strategic alliances and the development of physician-centric online tools. Dorsett will also lead the integration of the NuScribe transition into Vemics.
”We are very excited by the NuScribe acquisition. Integrating our technologies will play a major role in the creation, management and HIPAA compliant transport of electronic health information,” said Fred Zolla, CEO, Vemics, Inc. “Combined with our next-generation visual collaboration tools and the delivery of Continuing Medical Education programs, Vemics is continuing to build an unparalleled suite of tools to assist the medical community.”
Leave a reply
Latest Headlines:
Saturday July 24, 2010
Investors Show Interest in Trillion Dollar Outdoor Lifestyles Industry as NBFog Closes Bridge Funding Round
Thursday July 22, 2010
Euthymics Biosciences Closes $24 Million in Series A Funding and Acquires DOV Pharmaceutical
Thursday July 22, 2010
MK Capital Leads $8 Million in Series C Funding for TopSchool
Wednesday July 21, 2010
NGP Energy Technology Partners Leads Undisclosed Dollar Amount in Series D Funding Round for LedEngin
Tuesday July 20, 2010
Santé Ventures Leads $6 Million in Series B Funding for EndoStim
Friday July 16, 2010
Round Table Healthcare Partners Closes $600 Million Equity Fund and $200 Million Capital Fund
Friday July 16, 2010
Trilliant Raises $106 Million in Growth Capital, Funding Round Led by Investor Growth Capital, Vantage Point, ABB, and GE
Thursday July 15, 2010
Polaris Venture Partners and New Enterprise Associates Lead $35 Million in Series B Funding for Travena
Bad Behavior has blocked 382 access attempts in the last 7 days.
