Utah medical clinic software developer AdvancedMD has acquired Marietta, Georgia-based Nuesoft Technologies. The addition of Nuesoft’s NueMD software adds features and functionality across the broader ambulatory clinical market, giving the new entity a leading market position, AdvancedMD said in announcing the acquisition.
AdvancedMD markets Rhythm, an end-to-end cloud platform that automates all aspects of clinical and business workflow for independent physician practices and medical billing services. By adding NueMD to the AdvancedMD platform, NueMD clients now gain access to a much broader, feature-rich platform with unified clinical and patient engagement solutions, the release said.
“The acquisition of NueMD is the logical next step for expanding our cloud network of practitioners and physicians who have learned to use end-to-end workflow automation to improve their bottom line and the health of their patients,” said Raul Villar, chief executive officer of AdvancedMD. “NueMD has been a formidable competitor for many years and now we are combining our capabilities to deliver better products and services for all of our clients. We are also extremely excited about adding experienced healthcare information technology experts to the AdvancedMD team and extending our geographic footprint in the Atlanta metro area.”
“We have been on a path similar to AdvancedMD since the beginning,” said Massoud Alibakhsh, CEO and founder of NueMD. “Together, we have tremendous capabilities to disrupt traditional solutions offered to independent physicians, solve the most difficult challenges our practices face and provide them with even better service. AdvancedMD is the category leader and we are excited to be joining forces to become the premier company serving the ambulatory sector with a unified cloud platform built for physicians.”
AdvancedMD said that as a result of the transaction, its North American footprint will increase by 27 percent, expanding the total number of medical practice clients and practitioners to 11,000 and 33,000, respectively. AdvancedMD will retain NueMD offices in Marietta, Georgia.
AdvancedMD is owned by Marlin Equity Partners, a global investment firm with over $6.7 billion of capital under management. Founded in 1999, it employs about 800. The acquisition adds about 75 employees.