Picis to Acquire LYNX
Picis (Wakefield, Mass.), a provider of high-acuity care information systems, plans to acquire
LYNX Medical Systems of Bellevue, Wash.
The combined companies say that they will offer a solution that provides an end-to-end system to manage, automate and optimize both the clinical information and financial functions of hospital emergency departments. Specifically, LYNX provides revenue cycle management solutions to hospital emergency departments, and Picis provides a clinical information system for emergency care.
Picis has signed an agreement with Goldman, Sachs & Co. to assist in funding the acquisition of LYNX Medical Systems. A portion of the proceeds from the Goldman Sachs financing will be allocated for the acquisition of LYNX and the rest will be deployed to retire existing debt and provide additional working capital, says the company.