Phoenix Health Systems

Medsphere Systems Corporation...today announced the closing of $32 million in financing from Morgan Stanley Expansion Capital and East West Bank. The company will use the funds to address accelerating demand for Medsphere's comprehensive suite of healthcare IT solutions and services, and for strategic acquisitions. "Medsphere's breadth of offering combined with their depth of functionality and overall affordability differentiates it from the rest of the industry," said Bill Reiland, Managing Director of Morgan Stanley Expansion Capital and Head of Morgan Stanley Expansion Credit. "The company is a true innovator, giving hospitals and clinics the workflow and technology they need at prices they can pay. We're excited to invest in Medsphere as they continue to share their unique offering with healthcare organizations."

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Medsphere Systems Corporation and Phoenix Health Systems today announced the merger of the two companies, effectively adding Phoenix’s comprehensive and diverse information technology (IT) expertise to Medsphere’s existing focus on VA VistA and VistA-derived systems. Moving forward, Phoenix Health Systems will retain its name and operate as a division of Medsphere; the expanded company will now offer a broader menu of IT services, including hosting and cloud-based interoperability, IT service desk support and project management around many EHR solutions, including enterprise OpenVista. Read More »

Medsphere Systems Corporation...today announced new $40 million funding to support organic growth and pursue opportunistic strategic acquisitions through a preferred equity investment by TPG Sixth Street Partners. "We are pleased to add a new partner to our software solutions-driven campaign for quality, affordable healthcare," said Medsphere President and CEO Irv Lichtenwald. "Our technology and business model allow all providers to address core needs and we are energized by the support of institutions like TPG Sixth Street Partners." "Medsphere represents a compelling opportunity to support a differentiated healthcare technology platform," said Michael McGinn, Partner and Co-Head of TPG Sixth Street Partners' Capital Solutions business.

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Medsphere Systems Corporation, the leading provider of affordable and interoperable healthcare IT platform solutions, today announced that the company’s OpenVista electronic health record (EHR) is live in TaraVista Behavioral Health Center, a new inpatient facility in Devens, Massachusetts. Originally conceived and launched by Health Partners New England (HPNE), TaraVista utilizes the creative forefront of architecture, design and medicine to exemplify the future of behavioral health care...

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