Health IT Business News – August 16, 2018

Spok Authorizes News $10 Million Stock Repurchase Program
Spok Holdings, Inc. (@spoktweets),  a healthcare communications company, announced that its Board of Directors has authorized the repurchase of up to $10 million of the Company’s common stock on the open market or in privately negotiated transactions. The new program is expected to be funded from Spok’s cash on hand and is not expected to have a material impact on the Company’s earnings.

ClearDATA Expands HITRUST Coverage for Google, Amazon, Microsoft
ClearDATA (@cleardatacloudannounced its HITRUST Common Security Framework (CFS) Version 9.1 for its mulitcloud solutions including Amazon (AWS), Microsoft Azure, and Google Cloud Platform. The expanded CSF 9.1 covers 36 privacy and security regulations including FedRAMP, NIST, ISO and the European General Data Protection Regulation (GDPR).

LifePoint Health to Merge with RCCH HealthCare Partners
LifePoint Health, Inc. (@LifePointHealth) and RCCH HealthCare Partners (“RCCH”), which is owned by certain funds managed by affiliates of Apollo Global Management, LLC together with its consolidated subsidiaries, “Apollo”), announced that they have entered into a definitive agreement to merge. Upon closing of the transaction, LifePoint shareholders will receive $65.00 per share in cash for each share of LifePoint common stock they own, resulting in a LifePoint enterprise value of approximately $5.6 billion, including $2.9 billion of net debt and minority interest.

CynergisTek Extends Managed Print Services Contract with Yale New Haven Health
CynergisTek, (@cynergistek), a provider of healthcare cybersecurity and information management, recently  announced that Yale New Haven Health System (YNHHS) has renewed and extended its Managed Print Services (MPS) contract with the company. YNHHS, the largest health system in Connecticut, initially engaged with CynergisTek in 2015 to leverage its MPS services to drive financial and operational improvements.

AxiaMed Announces $12.4 Million Capital Investment Led By Health Enterprise Partners
AxiaMed (@AxiaMed), a healthcare payments technology company, announced that it has raised $12.4 million in funding to accelerate its growth in the burgeoning market for secure, flexible patient payments. Health Enterprise Partners (HEP) led the round with participation by a number of AxiaMed’s existing investors, including Nashville Capital Network.

Ostendio Announces Partnership with Nixon Law Group to Provide Deep Healthcare Regulatory Compliance
Ostendio, a provider of cybersecurity and risk management solutions, announced that they have partnered with Nixon Law Group, a boutique healthcare law firm headquartered in Virginia, to make it easier for organizations to comply with the ever-changing healthcare privacy regulatory requirements. This partnership brings together a leading-edge software platform with top-tier healthcare attorneys to help organizations better navigate the highly regulated healthcare industry.

Mediware® Acquires BlueStrata EHR
Mediware Information Systems, Inc. (@MediwareInfo), a portfolio company of TPG Capital and supplier of software solutions in health care and human services, and BlueStrata EHR, a cloud-based electronic health record (EHR) for long-term post-acute care providers, are pleased to announce that Mediware has acquired BlueStrata EHR.

Mediware® Acquires Fazzi Associates
Mediware Information Systems, Inc., a portfolio company of TPG Capital and supplier of software solutions for health care and human service providers and payers, and Fazzi Associates, a company serving home health and hospice, are pleased to announce that Mediware has acquired Fazzi Associates.

IMAT Solutions Releases C3 Framework to Enhance Health Data Confidence for Care Organizations
IMAT Solutions (@IMATSolutions), a company delivering innovative, real-time, healthcare data management and population health reporting solutions, announced the introduction of its new C3 framework to help a wide-range of healthcare organizations achieve true data confidence for enhancing all care, reporting, financial, and compliance efforts.

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