Pending Customary Regulatory Approval SuccessEHS to Become a Division of Vitera
Vitera Healthcare Solutions, provider of ambulatory electronic health records (EHR) and practice management software and services, has announced the acquisition of SuccessEHS. The acquisition results in an expanded suite of services that helps office-based physicians and Community Health Centers (CHC) improve operational efficiencies, generate revenue and enhance patient health outcomes.
SuccessEHS provides EHR, practice management, electronic dental record, dental imaging and revenue cycle management solutions. The company has doubled in size over the last two years.
“Our acquisition of SuccessEHS supports our strategy for growth in the changing healthcare marketplace and is indicative of the tremendous progress Vitera has made over the past 18 months,” said Matthew Hawkins, CEO of Vitera. “The acquisition is a natural progression of Vitera’s strategic intent to be the leader in ambulatory healthcare information technology. We are committed to providing the solutions and services our customers need to succeed in this new era of healthcare.”
With the addition of SuccessEHS’s customer base, Vitera will now serve more than 10,500 medical organizations and over 415,000 medical professionals nationwide — including more than 85,000 physicians. The acquisition expands Vitera’s customer base of CHCs, including rural health centers, student health centers, HIV/AIDS clinics and Federally Qualified Health Centers (FQHC), as well as expands Vitera’s expertise in delivering solutions that meet the unique needs of these customers.
“This acquisition is going to bring out the best of both organizations,” said W. Sanders Pitman, CEO of SuccessEHS. “This is great news for our employees and for our customers. It allows us to build on Vitera’s longevity and growing strength in the industry, as well as the impressive infrastructure they’ve put in place to provide medical practices and CHCs with innovative EHR and practice management solutions. This helps us better realize our original mission — to make our customers successful.”
Leveraging its 30 years’ experience in a dynamic healthcare market and its large, loyal customer base, Vitera recently introduced new products — including Vitera Stat and Vitera Intergy Mobile — to help its customers decrease costs, increase reimbursements and revenue, save time and expense with regulatory reporting, and improve patient outcomes and population health.
Hawkins added, “We work every day to ensure our clients have the proven technology and quality support they need to better manage their practices, as well as access to the kind of industry insight that only comes from decades of dedicated service to practices like their own.”
Raymond James Health Care Investment Banking Group served as exclusive financial advisor to SuccessEHS in the transaction. Jefferies Finance LLC and BMO Capital Markets have agreed to provide the debt financing in connection with the transaction.