Picis to Acquire LYNX

    June 24, 2011
    Picis (Wakefield, Mass.), a provider of high-acuity care information systems, plans to acquire LYNX Medical Systems of Bellevue, Wash. The
    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.

    Continue Reading

    Sponsored Recommendations

    Streamline waste disposal, simplify compliance, and reduce unnecessary costs. This guide shows how MedPro helps practices cut confusion, not corners, while supporting over 40,...
    The patient experience doesn’t fall to just one department. Learn how your physical security system can improve safety and security, and help contribute to a positive patient ...
    Discover how identity data impacts patient safety, experience, and your system’s bottom line — and how Banner Health built a compelling case for change.
    Streamline waste disposal, simplify compliance, and reduce unnecessary costs. This guide shows how MedPro helps practices cut confusion, not corners, while supporting over 40,...