SOURCE: Waller

Waller

July 10, 2014 11:02 ET

Waller Announces Completion of Healthcare IT Transactions

Leading Healthcare Law Firm Represents Buyers, Sellers in Major Transactions in Growing Healthcare Information Technology Market

NASHVILLE, TN--(Marketwired - Jul 10, 2014) - Waller, one of the nation's preeminent law firms serving the healthcare industry, has represented both buyers and sellers in numerous transactions in the healthcare information technology (HIT) industry, including several that were completed recently.

"HIT is an increasingly critical component in the delivery of care and the operations of healthcare organizations," said Ken Marlow, chair of Waller's Healthcare Department. "For nearly five decades, Waller has been at the forefront of developments in the healthcare industry, and we're honored to be a trusted advisor to these leading companies as the HIT market expands."

The firm's announcement comes as the North American HIT market is forecasted to grow at a compounded annual rate of 7.4 percent to reach $31.3 billion by 2017, according to Research and Markets' North American Healthcare IT Market Report 2013-2017.

In the past 18 months, Waller has represented a number of HIT companies in completed transactions including:

  • The Rehab Documentation Company (ReDoc), a provider of therapy documentation and management software, in its acquisition by Net Health, a Spectrum Equity portfolio company that provides interoperable EMR/EHR solutions for medical specialty markets.

  • RevPoint Healthcare Technologies, an innovative provider of HIT-based revenue cycle management solutions, in its acquisition by Availity, one of the nation's largest healthcare information networks.

  • Passport Health Communications, Inc., a leading provider of software and revenue cycle solutions to hospitals and healthcare providers, in its $850 million sale to Experian plc, the global information services company.

  • Parallon Business Solutions, LLC, a leading provider of healthcare business and operational services, in its acquisition of The Outsource Group, a national leader in healthcare revenue cycle management.

  • Hospital Corporation of America (HCA), one of the nation's leading providers of healthcare services, which, through its investment entity Health Insight Capital, is investing in the following technology initiatives designed to improve the patient experience:

    • InVivoLink, a data-capturing system for spine and orthopedic implant procedures; 

    • AirStrip, an app-based platform that delivers critical patient information to a clinician's smartphone;

    • Healthbox Nashville, a healthcare-dedicated accelerator program investing in HIT startups and other healthcare services;

    • Intelligent InSites, an organization using real-time data to develop progressive processes for healthcare operations and patient care; and

    • InterMedHx, a web-based, healthcare-focused software company improving patient care and enhancing cost effectiveness.

  • Healthcare Bluebook, a tool that helps consumers understand what they should pay for healthcare services, in its investments by The Martin Companies.

"This is a transformative time for HIT," said Don Moody, a partner in Waller's corporate practice who has led several HIT transactions. "New products and services are coming online virtually every day, and we are helping our clients buy and build strategic alliances that allow them to be competitive in today's quickly evolving environment."

About Waller
Waller, a leading provider of legal services to the healthcare, financial services, retail and hospitality industries, is headquartered in Nashville, Tenn. with offices in Birmingham, Ala., Austin, Tex., and Memphis, Tenn. With approximately 200 attorneys, Waller helps clients navigate a diverse range of complex transactional, regulatory and litigation issues. For more information, please visit www.wallerlaw.com

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