[July 03, 2009] Emdeon acquires eRx Network Tweet Jul 03, 2009 (Datamonitor via COMTEX) -- Emdeon, a provider of revenue and payment cycle management solutions, has acquired eRx Network, a provider of electronic pharmacy healthcare solutions. The transaction combines Emdeon's existing pharmacy operations with eRx's expanding customer base, reputation for product innovation, customer support and advanced pharmacy switching technology. Terms of the acquisition were not disclosed. In connection with the acquisition, Emdeon, PDX, Inc. and eRx entered into a long term extension and expansion of the strategic relationship that has been in place between eRx and PDX since eRx's founding. The new combined operation, to be called eRx Network, an Emdeon company, will provide pharmacies and healthcare constituents with integrated tools for managing efficiency and profitability through innovative claims management, business intelligence and network infrastructure. By leveraging the capabilities inherent in Emdeon's data and network assets, Emdeon will combine eRx's advanced technology and range of services with its existing suite of pharmacy solutions to form an expanded pharmacy services operation with the same reliability and customer service that is eRx's hallmark. George Lazenby, CEO of Emdeon, said: "We are delighted to combine our pharmacy business with eRx. The combination of its innovative suite of products and services and talented management team will serve to accelerate our efforts towards providing solutions to our pharmacy customers. Perhaps most exciting, the combined organization will enjoy a significant presence in ePrescribing, one of the fastest growing sectors in healthcare transaction processing." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]