Wolters Kluwer completes purchase of ProVation Medical; sells int'l electronics mag.Wolters Kluwer (Amsterdam), through its Wolters Kluwer Health unit (Conshohocken, PA), has completed the acquisition of ProVation Medical, Inc. (Minneapolis, MN), a provider of medical documentation, coding and workflow solutions to hospitals and ambulatory surgery centers ambulatory surgery center A free-standing center that performs various types of surgery in the U.S. No terms were given. ProVation Medical provides products that are designed to enhance revenue and decrease costs per medical procedure. ProVation MD is designed to replace the dictation/transcription process with billing-ready, image and diagram-enhanced notes for a range of multi-specialty procedures. ProVation Multicare is designed to assist in perioperative perioperative /peri·op·er·a·tive/ (-op´er-ah-tiv) pertaining to the period extending from the time of hospitalization for surgery to the time of discharge. per·i·op·er·a·tive adj. documentation, allowing for enhanced quality of patient care and a reduction in administrative costs administrative costs, n.pl the overhead expenses incurred in the operation of a dental benefits program, excluding costs of dental services provided. . ProVation products are used by more than 4000 clinicians at 250 medical facilities in such specialties as gastroenterology gastroenterology Medical specialty dealing with digestion and the digestive system. In the 17th century Jan Baptista van Helmont conducted the first scientific studies in the field; William Beaumont published his own observations in 1833. , pulmonology pul·mo·nol·o·gy n. The branch of medicine that deals with diseases of the respiratory system. pulmonology The study of the lungs and respiratory function , cardiology, orthopedics, pain management and urology urology Medical specialty dealing with the urinary system and male reproductive organs. It traces its origin to medieval lithologists, itinerant healers who specialized in surgical removal of bladder stones. . ProVation will become a part of Wolters Kluwer Health's Clinical Tools division, a unit that supplies information on drug interactions and dosing, formulary formulary /for·mu·lary/ (for´mu-lar?e) a collection of recipes, formulas, and prescriptions. National Formulary see under N. for·mu·lar·y n. guidelines and evidence-based treatment plan options to pharmacies, hospitals, insurers and healthcare vendors. The unit's brands include Medi-Span, Facts & Comparisons and Clin-eguide. Also, Wolters Kluwer Netherlands has sold "Elecktuur," an international electronics magazine for the business and home markets, related titles and parent company Segment B.V. (Amsterdam) to KijkOver (Beek, the Netherlands), an investment company that owns Lenthe Publishers (Amsterdam), the producer of "FM," a trade magazine for managers of philanthropic organizations, and two consumer titles. Segment also produces "Elektor Germany," "Elektor Electronics" and "Elektor France" magazines, as well as books and online resources. It had 2005 revenue "in excess" of 5 million[euro]. Wolters Kluwer said it decided to sell the assets because they are not within their core areas of operation, including the medical, tax, legal, accountancy, financial services, legislation and education fields. |
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