A Medical Device Daily

GE Healthcare (Waukesha, Wisconsin) reported that it has completed the acquisition of Dynamic Imaging (Allendale, New Jersey), a developer of web-based image and information management.

GE said the acquisition of Dynamic and its IntegradWeb suite of products, will allow the company to expand its offerings of information technology (IT) products and services across all segments of healthcare — throughout hospital integrated delivery networks (IDNs), community hospitals, outpatient imaging centers, radiology group practices, and physician offices. Terms of the acquisition were not disclosed.

“The simplicity and power of our web-based picture archiving and communication system (PACS) and integrated RIS/PACS, combined with GE’s broad suite of IT offerings, will redefine the market’s expectation for complete interpretive and review access, by any authorized user, of any imaging study, anytime, anywhere,” said Alex Jurovitsky, CEO, Dynamic Imaging. “Applying the capabilities of IntegradWeb to GE’s PACS offerings, the newfound flexibility for radiologists and referring physicians worldwide, as well as the broader impact to patient care, will be simply astounding.”

GE said the Dynamic Imaging Solutions unit will assist healthcare organizations in growing their imaging-based procedural medicine business through dramatically improved provider physician and patient access, streamlined workflow and instantaneous reporting of imaging results to referring physicians, all on a common platform with workflow tools for all settings.

WiFiMed Holdings (Marietta, Georgia) has purchased the assets of JMJ Technologies (Atlanta). This transaction replaces the prior stock purchase agreement between the two companies.

As a result of the asset purchase, WiFiMed will acquire the assets and operations of JMJ. EncounterPRO Healthcare Resources, a wholly owned subsidiary of WiFiMed, will retain all 26 JMJ employees and continue the sales and support of EncounterPRO EHR from the former offices of JMJ in Atlanta.

Currently, the EncounterPRO EHR is used in 32 states by about 350 practice locations caring for more than 3 million patients.

WiFiMed is a provider of wireless patient information through its Tablet MD product, that was developed to assist physicians and healthcare providers manage patient workflow. Tablet MD® operates on a tablet PC and manages patient medical information, consultation notes, prescriptions, records, and charts through five proprietary technologies.

In other dealmaking news:

• XTend Medical (Sun Valley, California) reported that it has finalized its due diligence and closed the letter of intent on Medical Cost Management (MCM; St. Louis) and has acquired a 25% stake in the company.

“We felt that it was important to secure a portion of MCM in order for XTend to have a dedicated and focused group of sales and marketing professionals as we work on gaining contracts with managed care companies which happens to be MCM’s expertise in the healthcare field,” said Paul Lisenby, CEO/chairman of XTend. “We’ve also negotiated a first right of refusal to purchase the remaining 75% of the company over the next 2 years through a combination of cash and/or cash and stock,” he said.

Lisenby said the acquisition “was done through the issuance of 2.5 million shares of common stock that came from the original issuance of founder shares in XTend Medical. This will have no effect on the current outstanding shares within the company. XTend will continue to seek out additional acquisition and alliance opportunities that will bring considerable value to the company in order for us to grow and prosper in the healthcare arena.”

MCM currently works with several large managed healthcare companies in the U.S. as well as other regional and local healthcare insurers throughout the U.S., Puerto Rico, and Canada.

XTend markets and sells healthcare and wellness products to hospitals, managed care companies, nursing homes, physician groups and individual patients.

• Hologic (Bedford, Massachusetts), a provider of diagnostic and digital imaging systems directed towards women’s health, reported that ISS, the independent proxy advisory service, recommends that Hologic stockholders vote for the company’s proposed merger with Cytyc (Marlborough, Massachusetts).

“We appreciate the support that ISS has given to our combination with Cytyc and to Hologic’s stock plan,” said Jack Cumming, Hologic’s CEO/chairman. “Together with Cytyc, we will be a global leader in women’s healthcare. We look forward to realizing the many benefits this combination creates.”

The companies entered into a definitive agreement to combine in a cash and stock transaction, under which Cytyc stockholders would receive 0.52 of a share of Hologic common stock and $16.50 in cash for each share of Cytyc common stock they own for a total consideration of about $6.2 billion (Medical Device Daily, May 22, 2007).