Initiate Systems announces Accenx Technologies acquisition; expands growth strategy in the healthcare market

Oct 31 2009

Initiate Systems, Inc., a leader in data management solutions for information sharing and improved data quality, has acquired Accenx Technologies, Inc., a leading provider of health information exchange solutions. This acquisition furthers Initiate’s growth strategy and expands its offerings in the healthcare market. The terms of the deal are confidential.

By acquiring Accenx, Initiate expands the breadth and reach of its proven interoperable health solutions enabling a broader set of healthcare stakeholders to connect and share information as market dynamics require greater focus on establishing well integrated healthcare communities.

“The debates over healthcare IT adoption and payment reform have validated that healthcare communities that master information sharing realize improved outcomes at lower costs,” said Bill Conroy, president and CEO, Initiate. “EHR is the buzzword of The American Recovery and Reinvestment Act, but what electronic health records offer is potential for interoperability. This requires information sharing within and between EHRs.”

Conroy continued: “The addition of Accenx is a natural extension for our company, and we believe it will prove valuable to our customers. Leveraging Initiate^® interoperable health solutions as services through Accenx Exchange, Initiate now offers master data management (MDM) along with a connectivity platform delivering applications and relevant information at all points of service.”

Accenx Exchange™ enables communities to rapidly connect healthcare providers, such as physician practices, reference labs and imaging centers, and easily share information such as orders and results. Accenx’ Software as a Service (SaaS) delivery model and physician outreach program offers the service levels required by physicians with rapid deployment and a low up-front investment.

“Joining Initiate will help Accenx fulfill its promise of delivering innovative technology solutions to stakeholders across a broadening healthcare ecosystem,” said David Cheng, CEO, Accenx. “Accenx and Initiate have both partnered together with other application vendors to deliver health information exchange solutions. The combined company will continue to offer customers and partners the technology and services to make relevant applications and information available at every point of care across an expanded healthcare community.”

http://www.initiate.com/Pages/default.aspx.