Global Health buys Practice 2000 vendor Abaki
The deal, worth $500,000, will add about 400 customers to Global Health's client base, including over 300 GPs and about 80 specialists.
In addition to the Practice 2000 practice management product, Abaki also markets the MediNet clinical system that includes electronic orders and results, case notes, prescriptions and medication management.
It also markets the PracLab administrative software for pathology practices, ReportNet secure messaging service and in 2013 released a day surgery reporting module for day hospitals.
As part of the deal, Global Health will also have access to Abaki's offshore development centre in Vietnam.
In a statement to the ASX, Global Health CEO Mathew Cherian said the newly acquired products would complement the existing Global Health products and expand the total set offered to a broader segment of the healthcare market.
Global Health markets the ReferralNet secure messaging system along with the MasterCare electronic medical record with in-built practice management and secure messaging and an optional patient portal. MasterCare can be hosted in the cloud and locally.
The company also markets a personal electronic health record called LifeCard to consumers, a cloud-based electronic patient administration system for hospitals and outpatients and the MasterCare MHAGIC case management software that is used to deliver mental health programs such as ATAPS.
Mr Cherian said that Abaki had been a quite achiever over the years and had consistently invested in keeping its products technically abreast of many software enhancement initiatives.
“They have developed a loyal base through this investment in regular product enhancement and a total focus on customer satisfaction,” he said. “New customers have been coming on board only through word of mouth with no dedicated sales and marketing function.”
Abaki CEO Ken Ho-Le said the software industry was changing with the move to cloud-based computing.
“You won’t need server computers and IT technicians any more, saving money,” Dr Ho-Le said. “While this technology does not suit everyone, for many of our clients it means less headache and more productivity.
“Global Health has extensive expertise in cloud-computing and their R&D road-map is exactly where it needs to be. I believe the merger of our products into the Global Health family will deliver the benefits of cloud computing and mobility to our clients in a very synergistic association.”
Posted in Australian eHealth