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HealthMedX sells to Kansas firm

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Overland Park, Kansas-based health care software developer Netsmart Technologies closed last week on the purchase of Ozark-based HealthMedX.

Netsmart CEO Mike Valentine said the acquisition was finalized Oct. 27 for undisclosed terms from former owners Spectrum Equity Investors and Trident Capital. HealthMedX is transitioning to the Netsmart name. HealthMedX CEO Pamela Pure and Chief Operating Officer and company founder Charlie Daniels became vice presidents of Netsmart. The Kansas company offers electronic medical record products, billing systems and other services and operates in all 50 states.

“Netsmart will continue to have a physical presence in Ozark,” Valentine said, noting the company’s 160 employees have been retained, increasing Netsmart’s workforce to 1,300.

With the purchase, Netsmart gains a stronger foothold in the long-term care market, Valentine said. The company plans to merge its existing suite of information technology solutions for home care into HealthMedX’s product line. HealthMedX largely focuses on long-term care.

“The expansion into the long-term care continuum was a natural thing for us,” Valentine said. “It’s something we’ve been talking about with HealthMedX for many years now.”

Through the purchase, Netsmart brought on HealthMedX’s 200 customers, putting the company into the 1,500-client territory.

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