Mergers & Acquisitions: Sage buys Emdeon Practice Services, MIV buys Vascore

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Sage Software has completed its purchase of Emdeon Practice Services, and the unit will now be referred to as Sage Software Healthcare Division. The acquisition totaled $565 million. Sage plans to integrate Emdeon’s physician software with its business software and then sell to the already 20,000 doctor’s offices currently using the system, plus new customers. For now, Sage will retain the nearly 1,800 sales, service, and support professionals who develop the company’s practice management and clinical software market. All of Sage Software’s existing business units and new Healthcare Division will continue working as they have.

MIV Therapeutics, a developer of next-generation biocompatible coatings and advanced drug delivery systems for cardiovascular stents and other implantable medical devices, announced a $1 million deal to acquire Vascore Medical, a China-based manufacturer of advanced cardiovascular stents and other medical devices. The Vascore acquisition is being pursued as a key strategic achievement for MIV Therapeutics to accelerate the company’s commercialization of products for the vascular stent market. It is expected that the acquisition, once complete, will provide MIV Therapeutics with additional design, manufacturing, and marketing capabilities.