EHR player NextGen eyes mobile tech with $34 million takeover of Entrada
NextGen Healthcare Information Systems will buy cloud-based Entrada for $34 million in cash, the companies announced this week.
NextGen markets electronic health record, practice management, analytics, population health and other technologies, and Entrada’s mobile app integrates with multiple clinical platforms and all major EHRs, the company said.
Because of its mobile functionality and integration with clinical systems, Entrada’s system can become an important part of the daily clinical workflow for physicians and other users, the company added.
Entrada lost $2 million in 2016 on revenue of about $12 million, the company said.
“Mobile health solutions – in the palm of the provider – are quickly becoming some of the most valuable real estate in healthcare,” said Rusty Frantz, president and CEO of NextGen Healthcare. “We intend to invest in expanding Entrada’s capabilities, continuing to provide enhancements to their already impressive platform. This acquisition will improve physician satisfaction by providing a better caregiver and patient experience while enabling clients to improve financial outcomes.”
Entrada is focused on improving clinical workflows and creating opportunities for additional provider and patient engagement, said Entrada CEO Bill Brown.
Earlier this year, NextGen Healthcare’s enterprise practice management software was named the most improved physician practice product by KLAS.