17 Dec EMSystem buys California healthcare software
West Allis, Wis. – EMSystem, a West Allis provider of emergency medical services software, agreed to acquire the electronic patient care record technology of a California company for an undisclosed amount, according to an article in the Milwaukee Journal Sentinel.
The acquisition, EMSystem’s first since completing a management-led buyout two months ago, will broaden EMSystem’s market and enable it to integrate a personal health record program sold by Vital Technology Data, which is based in Newport Beach, Calif. Vital Technology Data also develops products that are used by ambulance drivers to document patient care.
EMSystem, whose software is used by government agencies to track patients and improve the efficiency of ambulance routing, has received financial support from Marquette Golden Angels, a Milwaukee-based angel investment group. The investment was made more than three years ago, and the company has enjoyed steady revenue and bottom-line growth in the intervening period.
“I think it’s a great [investment] opportunity,” said angel investor Tom Hefty, citing EMSystem’s current market share.
Nunemaker said EMSystem has a 35 percent share of the resource-management market and a 15 percent share of the patient-tracking market, well ahead of the five percent market share of its chief competitors in each market.
• Pre-eminent, web-based companies owe success to corporate venturing
• Medical software may be a retention tool
• eMetagen gets $535,000 from MU angel investors