CompuGroup Medical AG

EANS-News: CompuGroup Medical AG - acquisition of HealthPort´s Solution Services Division in USA

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Mergers - Acquisitions - Takeovers

Koblenz (euro adhoc) - November 18, 2010: CompuGroup Medical AG has yesterday entered into an agreement for the purchase of HealthPort´s Solution Services Division assets.  The Solution Services Division includes practice management software, electronic health records and revenue cycle management software for approximately 3,600 physicians.

HealthPort´s Solution Services Division includes a strong product and service offering serving physician practices, community health centers and hospitals. The product portfolio, made up of both acquired and developed solutions, is a strong strategic fit for CompuGroup Medical´s USA business because of the additional customer base for considerable revenue growth from cross-selling current products and sales of new products. There is also a strong fit with the customer management, marketing and innovation strategies of the fast growing CompuGroup Medical USA business.

The adoption rate of electronic healthcare records is expected to accelerate in the US market because of federal government incentives in the amount of approximately 20 billion US dollars offered for achieving meaningful-use capabilities to improve overall patient quality outcomes. With the acquisition of HealthPort´s Solution Services Division, CompuGroup Medical AG follows its strategy of a continues growth consistently of its, at this stage greatest coverage among healthcare providers worldwide (physicians, dentists, hospitals etc.).

Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, stated:  "The US is a core market for CompuGroup Medical. With the network of healthcare providers now served through Noteworthy, Visionary and HealthPort´s Solution Services Division we continue to move up the ranks of healthcare IT companies in USA. I repeat our commitment to do everything in our power to develop the United States, a key future market, for CompuGroup Medical."

About CompuGroup Medical AG CompuGroup Medical is one of the leading e-health companies worldwide. Its software products, designed to support all medical and organizational activities in doctors´ offices and hospitals, its information services for all parties involved in the healthcare system and its web-based personal health records contribute towards safer and more efficient healthcare. The services of CompuGroup Medical are based on its unique customer base of around 370,000 doctors, dentists, hospitals and networks as well as other service providers. CompuGroup Medical is the e-Health company with one of the biggest coverage among e-health service providers worldwide. The company operates in 14 European countries as well as in Malaysia, Saudi Arabia, South Africa and in the USA and currently employs around 3,100 people.

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Further inquiry note: CompuGroup Medical AG Barbara Müller Consultant Press & Media P +49 (0) 261 8000-1293 F +49 (0) 261 8000-3284 E-Mail:

Branche: Software
ISIN:      DE0005437305
WKN:        543730
Börsen:  Frankfurt / regulated dealing/prime standard
              Berlin / free trade
              Hamburg / free trade
              Stuttgart / free trade
              Düsseldorf / free trade
              München / free trade

Weitere Meldungen: CompuGroup Medical AG

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