NueMD acquired by AdvancedMD – ehrreviews.com

About NueMD:

NueMD was recently acquired by AdvancedMD on July 9 2018, a Utah-based EHR solutions provider. NueMD is a cloud-based practice management software provider with an annual revenue of $15 million. It also offers billing services alongside its EHR services, with the facility of on-demand claim information and customized reports for increased productivity. NueMD was founded in the year 1993 and currently has its headquarters in the state of Georgia.

About AdvancedMD:

With an annual revenue of $100.1 million, AdvancedMD is also a Utah-based solutions provider with a working force of about 755 employees.

About the CEO:

Massoud Alibaksh, the CEO of NueMD has about 19 years of experience in the HeathIT industry and has also offered consultancy services for organizations such as IBM, Microsoft etc. He is extremely passionate about his employee and client empowerment.

How acquisition plays out:

Experts are of the opinion that mostly when firms undergo acquisition, uncertainty seems to follow without any indication. The entire management has to face the fear of redundancies or has to bear the pressure of meeting targets. Considering a silver lining in the whole aftermath, employees might experience a better growth opportunity like never before. Similarly, clients of the acquired firm might be treated with excellent support services or a rude awakening.

Why are they done?

Acquisitions are done in order to level off the competition, which has been forcing them to spend extensively on marketing strategies and work tirelessly in order to attain a greater share of the market. On the other hand, in order to achieve the technological edge over other competitors, firms have commonly been observed to have adopted this approach.

Market response:

Market experts are reviewing the acquisition, NueMD’s clients would be entitled to a broader set of services, a perfect example of the phrase: ‘Best of both worlds’.  The total users will be increased from 11,000 to 33,000, and the offices in Georgia will be retained. Services combined would benefit the clients of NueMD, through the application of the expertise of both the firms. This only time can tell…

Source: AdvancedMD Completes Acquisition of NueMD