Health IT Deals Keep Rolling With Athenahealth, MediSafe

Athenahealth, one of the Boston area’s anchor tenants in healthcare technology, is seeking new markets for its software, which handles billing and electronic medical records for healthcare providers and systems.

The Watertown, MA-based company (NASDAQ: ATHN) said Wednesday it has acquired RazorInsights, an Atlanta-area startup that sells low-cost electronic health records software to rural and community hospitals. The price of the deal wasn’t disclosed, but Athenahealth CEO Jonathan Bush told Forbes it’s “a few million dollars.”

That’s a drop in the bucket for Athenahealth, whose market capitalization tops $5 billion. But the deal represents a move into new types of customers for a company that’s known for selling to medical group practices rather than hospitals.

Athenahealth’s biggest acquisition in the past couple of years was Epocrates for $293 million in mobile health. Epocrates makes a mobile app, now integrated with Athenahealth, that helps doctors find information on drug interactions and diagnoses.

Speaking of mobile health, there’s a new player to watch in Boston. MediSafe, an Israeli startup whose mobile app reminds patients to take their medications, has moved its headquarters to the Boston area. The company also has raised a new $6 million financing round led by Pitango Venture Capital.

Some other health IT companies to keep an eye on locally are American Well, Constant Therapy, Kyruus, Maxwell Health, Ovuline, Par8o, PillPack, and Wellframe.

Gregory T. Huang is Xconomy's Editor in chief. E-mail him at gthuang [at] xconomy.com. Follow @gthuang

Trending on Xconomy