PracticeSuite, a leading provider of cloud-based practice management and revenue cycle solutions, announced the successful acquisition of MicroMD, a 40-year-old company with a certified Electronic Health Record (EHR) platform, trusted by thousands of healthcare providers nationwide. This acquisition, which closed in 2024, adds a matured, trusted, and feature-rich EHR to PracticeSuite’s portfolio of offerings and brings with it a long-standing, loyal customer base. The acquisition underscores PracticeSuite’s commitment to accelerating growth, broadening its customer base, and delivering a unified, best-in-class experience for ambulatory care practices of all sizes, while leveraging its enterprise Oracle, Java and Linux technology.
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As a subsidiary of PracticeSuite, MicroMD continues to serve its customer base without disruption, benefiting from PracticeSuite’s technology expertise and higher-quality service. In addition, both customer bases are now able to secure a broad practice solution fully integrated between PracticeSuite and MicroMD.
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MicroMD has quickly achieved stronger financial performance under PracticeSuite’s leadership, demonstrating operational efficiencies and market synergies. Importantly, this was achieved without reducing headcount for the purpose of profitability.
“MicroMD was looking for a partner like PracticeSuite, and PracticeSuite was looking for a company with a respected solution and significant clinical expertise,” said Vinod Nair, CEO of PracticeSuite. “This was a perfect match. Both companies, customers, employees, and their investors have benefitted from this transaction”.
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Source – GlobeNewswire
