Acquisition extends NextGen Healthcare's Inpatient Solutions to Hospital Emergency Departments
Quality Systems, Inc. (NASDAQ: QSII), announced today the acquisition of The Poseidon Group, Inc. to support the growth of its NextGen® Inpatient Solutions offering, which provides a range of healthcare information technology services to small hospitals.
Founded in 1998 by emergency department physicians, The Poseidon Group of Atlanta is a leading provider of emergency department documentation and web-based electronic medical record (EMR) solutions, serving hospital emergency departments with both large and small volumes across the U.S.
The acquisition will enable NextGen Inpatient Solutions to extend its suite of solutions and footprint across hospitals by leveraging The Poseidon Group's Emergency Department Information System (EDIS) and integrating the solution into NextGen Healthcare's current product offerings. It also demonstrates NextGen Healthcare's commitment to continue to add value and provide advanced solutions for its growing hospital business.
The Poseidon Group's Navigator solutions, Navigator PC™ and NavigatorWeb™, are used in emergency departments throughout the U.S. Navigator PC is an application designed to start emergency department staff on the migration path to an EMR while NavigatorWeb is a comprehensive, web-based EDIS. The end-to-end and modular solutions can be seamlessly integrated with existing hospital systems' platforms; delivering consistent high-level documentation, shared knowledge and a free flow of information to healthcare providers, while helping to reduce medical errors and increase the quality of patient care.
Upon completion of the acquisition, which closed on May 1, 2012, Carr Scott and W. Kyle Taylor, The Poseidon Group chief operating officer and chief technology officer, respectively, will assume senior roles within NextGen Healthcare. The Poseidon Group's President and founder, Jeff Oyler, will serve in a strategic consulting role centered around healthcare technology transformation.
"With the integration of Poseidon's EDIS into NextGen Healthcare's current product offerings, hospitalists will be well-positioned to offer a higher level of service, quality and capabilities to their patients," said Carr Scott, chief operations officer for The Poseidon Group. "Our combined portfolio will enable hospital systems to implement a solution that increases efficiency and improves patient safety across the continuum of care."
"This acquisition provides our clients additional value by extending our hospital suite portfolio of advanced solutions to the Emergency Department. This product along with our surgical services suite will help support our rapid growth upward into the community hospital market," said Steve Puckett, executive vice president of NextGen Healthcare Inpatient Solutions. "It will also provide existing Poseidon clients with access to our complete portfolio of hospital products and services. We believe this acquisition will further strengthen our capabilities, expand our client base and position NextGen Healthcare Inpatient Solutions for continued growth, as we work to meet the needs of hospitals and their patients."
About The Poseidon Group, Inc.
The Poseidon Group, Inc. is focused on addressing the needs of healthcare providers by providing documentation and web-based EDIS solutions to the healthcare industry. The Poseidon Group's end-to-end and modular solutions can be integrated with existing hospital systems, and help to deliver shared knowledge and free flow of information to healthcare providers; increased patient satisfaction; consistent high-level documentation; reduction of medical errors; compliance with Joint Commission on the Accreditation of Healthcare Organizations (JCAHO), Center for Medicare and Medicaid Services (CMS), and Health Insurance Portability and Accountability Act (HIPAA); increased employee loyalty/morale, and automated data analysis. For more information, visit www.poseidongroup.com.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals. Visit www.qsii.com and www.nextgen.com for additional information.
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Copyright © 2012 Quality Systems, Inc. All rights reserved.
NextGen is either a registered trademark or trademark of NextGen Healthcare Information Systems, Inc. in the United States and/or other countries.
Quality Systems, Inc.
Susan J. Lewis, 303-804-0494