Quest plans to acquire Medplus

AuntMinnie.com staff writers
Apr 25, 2001

Diagnostic testing and information services firm Quest Diagnostics has announced a definitive purchase agreement to acquire healthcare information technology firm MedPlus of Cincinnati.

Both firms expect to close the transaction after the MedPlus annual shareholders' meeting in June. MedPlus makes the eMaxx physician-focused clinical portal, ChartMaxx electronic patient record, and OptiMaxx records storage and retrieval package.

Under the terms of the agreement, Teterboro, NJ-based Quest will purchase the remaining 82% of voting shares of MedPlus stock it does not currently own at the price of $2 per share in cash. In addition, Quest will provide MedPlus with a secured line of credit of up to $5 million until the acquisition is consummated.

By AuntMinnie.com staff writers
April 26, 2001

Copyright © 2001 AuntMinnie.com

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