iMedX Acquires Three US Companies
Shelton, Connecticut — April 12, 2008 — iMedX, a leading healthcare software and services company, today announced that it had acquired three companies in the United States (US) and launched two new products, TurboRecord and TurboRx.
Speaking on the occasion of the company's fourth anniversary celebration, CEO and President Venkat Sharma said iMedX had acquired M R Transcription (MRT), a 15-year-old company that services large health systems in the US; L S Services Inc., currently serving hospitals and state governments across the country; and California-based Verna Transcription Inc., serving small clinics in the local area. He said, "These acquisitions are an essential part of our strategy to grow through direct sales as well as acquisitions, and propagate TurboScribe software throughout our customer base, concurrently rolling out other products to help physician lower costs and increase revenues. Through this strategy, iMedX intends to grow into a major force in the clinical documentation software and services industry."
About the new products, he explained, "TurboRecord is a unique, Internet-based product designed to automate the paper-driven process in physician offices, enhance productivity and reduce burgeoning healthcare costs. TurboRx is an Internet-based product designed to enhance healthcare quality by reducing the errors due to paper-dependent prescribing processes. Both the products do not require the heavy up-front expenses that other such products do, and make it easy for physicians to transition to a high-quality, paperless environment."
"iMedX has grown ten-fold in the last four years," he said, adding that it provides employment to hundreds of people across the US and India.
About iMedX
iMedX is a leading US-based outsource provider of healthcare software and services to hospitals and medical practices throughout the U.S. iMedX’s innovative Internet-based transcription delivery platform, TurboScribe® is used by thousands of providers across the United States. High quality transcription services are provided through delivery centers in the U.S and India. iMedX’s new TurboRecord® electronic medical record service and an e-Prescription platform TurboRx® allows doctors to comply with HIPAA guidelines and minimize costs. iMedX is headquartered in Shelton, Connecticut. For more information please visit www.imedx.com.
iMedX Inc.
Four Corporate Drive
Shelton, CT – 06484
203.332.7060
http://www.imedx.com
