M&A Deal Summary

IDX Systems Acquires Phamis

On March 26, 1997, IDX Systems acquired information technology company Phamis for 147M USD

Acquisition Highlights
  • This is IDX Systems’ 1st transaction in the Information Technology sector.
  • This is IDX Systems’ largest (disclosed) transaction.
  • This is IDX Systems’ 1st transaction in the United States.
  • This is IDX Systems’ 1st transaction in Washington.

M&A Deal Summary
Date 1997-03-26
Target Phamis
Sector Information Technology
Buyer(s) IDX Systems
Deal Type Add-on Acquisition
Deal Value 147M USD

Target

Phamis

Seattle, Washington, United States
Phamis offers IT systems to doctors' practices, hospitals and other medical providers.

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Buyer(S) 1

Buyer

IDX Systems

Burlington, Vermont, United States
Category Company
Founded 1969
Sector Information Technology
Employees2,409
DESCRIPTION

IDX Systems Corp. provides information technology solutions to maximize value in the delivery of healthcare, improve the quality of patient service, enhance medical outcomes, and reduce the costs of care. Our systems are deployed to serve approximately 150,000 physicians and are installed at over 3,400 customer sites, including more than 850 group practices and approximately 370 integrated delivery networks servicing more than 500 hospitals.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (1997) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-07-14 ChannelHealth

United States

ChannelHealth provides a set of Internet-based clinical and productivity solutions for physicians that brings the power of the Internet to the practice of medicine.

Sell $197M
Mergr

Product

Company

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