Genie Options, a medical observe administration software program supplier in Australia, has been acquired by the Citadel Group.
This comes as the corporate has shelved its preliminary public providing plan and as a substitute reduce a take care of the enterprise software program agency, in response to a information report.
WHY IT MATTERS
Based in 1995, Genie Options affords two observe administration software program. One is Genie, a desktop product that gives medical professionals entry to scientific, demographic and account information immediately from an appointment ebook; it additionally permits them to entry charge schedules and set customized charges to make sure the proper billed quantity.
The opposite is cloud software program Gentu, which helps cut back human error and improve workflow via automated batching and receipting claims.
In a press release, James Scollay, the corporate’s chief government, mentioned Genie “shall be an ideal match” to Citadel’s healthcare software program phase, which has constructed a “market-leading” presence in scientific and diagnostic software program all through Australia and the UK.
Citadel Group’s well being arm Citadel Well being creates and helps software program options, merchandise and managed providers for scientific purposes, similar to diagnostic pathology and medical oncology purposes, in private and non-private hospitals.
Mark McConnell, CEO of Citadel Group, mentioned they intend to speculate “closely” in innovation to “prolong Genie’s dominant place, enabling the continuation of its thrilling progress trajectory”.
In Australia, Telstra Company’s digital well being arm Telstra Well being has additionally made the same funding in observe administration not too long ago. In August, the corporate entered right into a binding settlement to purchase MedicalDirector, a Sydney-based basic observe scientific and observe administration software program supplier, for A$350 million ($256 million).
The acquisition will assist strengthen Telstra Well being’s current presence within the UK, the place MedicalDirector can be serving. Their transaction is focused to shut by the primary quarter of 2022.
ON THE RECORD
“Like Genie, Citadel prioritises the development of well being outcomes and securely managing essential information and techniques in order that medical professionals can concentrate on their sufferers. We stay up for sharing our information and benefiting from Citadel’s important scale and sources as we proceed to put money into our folks and our product, to develop our management place in software program for medical practitioners,” Scollay mentioned, commenting on Genie’s acquisition.