Modernizing Medicine acquiring gMed to increase its gastroenterology market share


Modernizing Medicine has signed a definitive agreement to acquire Weston, Florida-based gMed.

The acquisition is expected to increase Modernizing Medicine’s gastroenterology market share with the addition of gMed’s electronic health record (EHR) system, endoscopy report writer, practice management solution, patient portal, data analytics tool and revenue cycle management.

“As a provider of EMR systems plus billing, revenue cycle management and inventory management solutions for medical specialties, the acquisition of gMed fits Modernizing Medicine’s specialty-specific focus and strengthens our product portfolio,” said Dan Cane, CEO and co-founder of Modernizing Medicine. “gMed’s gGastro product functionality complements our own EMA Gastroenterology EMR system and is compatible with our product development and growth strategy to be the industry’s foremost specialty-specific vendor.”

After the transaction has been completed, gMed CEO and founder Joe Rubinsztain, MD will hold the title of President of gMed and become a part of the Modernizing Medicine senior management team.

The deal is subject to certain customary conditions and is expected to close in the third quarter of 2015. Financial terms of the acquisition have not been revealed.

UPDATE: The acquisition has been completed on September 1, 2015.