The Texas-based electronic medical record company announced March 31 it has been acquired by a private investment firm and is slated to merge with a revenue cycle management provider. 

 

Marlin Equity Partners will acquire 19 year-old e-MDs and merge it with one of its RCM portfolio companies, MDeverywhere, which is headquartered in Hauppauge, New York. The acquisition and merger, Marlin officials say, will result in a complete, integrated clinical, financial and administrative platform. The move will bring together a total of 13,000 providers and 50,000 medical professionals nationwide. Some 2,500 of those providers will come from MDeverywhere's customer list. 

 

[See also: Health IT mergers on upward climb.]

 

The acquisition news comes after e-MDs Founder and CEO David Winn announced he will be retiring.

"As a much larger company, we will have the depth and breadth to continue offering market-leading ambulatory technology and the expertise to tackle the increasingly complex government regulations that have been such a challenge to the healthcare industry," said Winn in a March 31 statement announcing the deal. 

 

Jim Brady, Marlin operating partner whose investment focus is on the healthcare sector, will assume the role of interim CEO of the merged businesses. The move, Brady said, "further enhances the company's ability to meet the needs of physicians and other clinicians who are facing continuing challenges and uncertainty within healthcare today."

 

[See also: Cerner, Siemens and the future of EHRs.]

 

Other healthcare companies that have been part of Marlin Equity Partners portfolio include the Birmingham, Alabama-based HomecareCRM; financial and clinical software platform company 6N Systems in New York; Hospedia, a bedside communication company based in the U.K., and SigmaCare, a clinical software platform company in New York. 

 

In 2013, e-MDs represented some 2 percent of meaningful use attestations.