Deal expands e-prescribing
NEWS IN BRIEF — Posted May 21, 2007
The acquisition of MedAvant by SureScripts, the largest electronic prescribing vendor, will allow up to 10,000 more physicians electronic access to more than 10,000 pharmacies nationwide, the companies said.
SureScripts operates the Pharmacy Health Information Exchange, to which more than 95% of pharmacies are certified to connect.
SureScripts says it will pay $500,000 to acquire MedAvant and transition all of its users over to the SureScripts system, which will help streamline electronic prescribing across the nation by placing most physicians and pharmacies onto the same network.
SureScripts was founded in 2001 by the two largest pharmacy trade groups. MedAvant was created by Walgreens in the late 1980s and sold to ProxyMed in 1997. ProxyMed operates three other business lines under the MedAvant name that are not part of the sale.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/05/21/bibf0521.htm.