Companion Technologies, a Company Sponsored by ABRY Partners and the Thurston Group, Purchases and Merges with SDS.COLUMBIA, S.C. -- Companion Technologies, a premier healthcare information technology company, has acquired SDS 1. (company) SDS - Scientific Data Systems. 2. (tool) SDS - Schema Definition Set. (Smart Document Solutions), a leading health information management company based in Alpharetta, Georgia Alpharetta is a city in Fulton County, Georgia, United States. As of 2006 census estimates, the city had a total population of 43,424[1]. Selected for its location next to a spring, it began as a campground, and was originally known as . SDS specializes in medical release-of-information, document management, and healthcare consulting. Companion Technologies, based in Columbia, South Carolina Columbia is the state capital and largest city of South Carolina. As of 2006, estimates for the population of the city proper is 122,819[1]. Columbia is the county seat of Richland County, but a small portion of the city extends into Lexington County. , plans to merge with SDS. Companion Technologies offers physician practice management solutions, electronic medical record (EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. ), and revenue cycle management solutions. The company was acquired by ABRY Partners ABRY Partners is a private equity firm headquartered in Boston, Massachusetts that focuses on investments in media. Since 1989, the firm has completed over $18.0 billion of leveraged transactions and other private equity and mezzanine investments, representing investments in more and the Thurston Group in December 2006. SDS and Companion Technologies are both included in the Top 100 HIT Companies by Revenue list featured in the June 2007 issue of Healthcare Informatics Same as information technology and information systems. The term is more widely used in Europe. . Patrick J. Haynes III, Chairman of the combined companies comments, "both companies have a critical mass of healthcare customers including over 1,200 hospitals; 27,000 physicians; and combined revenue of over $165 million." Frank Murphy For other persons named Frank Murphy, see Frank Murphy (disambiguation). William Francis (Frank) Murphy (April 13, 1890 - July 19, 1949) was a politician and jurist from Michigan. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of SDS explains, "We carefully considered the complementary nature and mix of products and services each company brings to the table." He adds, "Throughout the process, our vision and mission statements were top of mind to ensure the merger would not only benefit the company but also our large number of customers and employees." Mike Labedz, President of Companion Technologies comments, "This union makes it possible for us to offer an entire suite of solutions that balances our existing technologies, improves business processes, and helps healthcare organizations connect the paper of today with the EHR (Electronic Health Records) Computerized medical records that bring patient care into the digital age and save time, money and lives. The push to adopt comprehensive electronic documentation between doctors' offices and hospital settings intensified after the RAND of tomorrow." The newly combined company will be a leading player in the health information management industry, offering a comprehensive line of products and services specifically designed to address the health information management and technology needs of healthcare organizations throughout the nation. The company will be renamed HealthPort([R]) after SDS's well-known line of products. However, both SDS and Companion Technologies will continue to operate under their respective names for a short period before the name change is complete. Frank Murphy, CEO and President of SDS and Mike Labedz, President of Companion Technologies, will continue to oversee their respective divisions. About SDS SDS has over 30 years of experience in health information management and has helped healthcare providers become more productive and efficient in managing their health information. The Company offers an impressive suite of products including an electronic document management system (EDMS (Electronic Document Management System or Enterprise Document Management System ) See document management. EDMS - Electronic Document Management System ), document imaging workflow, and consulting services. They also offer automated release-of-information, web-based tracking/reporting tools, and electronic medical record (EMR) conversion services. Visit www.sdshealth.com for more information. About Companion Technologies Originally established in 1985, Companion Technologies develops and supports information technology solutions for the healthcare industry with scalable practice management, an electronic medical record (EMR) solution, and revenue management solutions that help improve the financial, clinical, and managed care operations of healthcare organizations across the U.S. For more information, go to www.companiontechnologies.com. |
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