Australian physician software vendor iSoft Group has acquired BridgeForward Software Inc., a Middleton, Mass.-based vendor of integration and data migration software, for $14.9 million.
The acquisition marks iSoft's entrance into the U.S. market. The company now sells practice management, electronic health records and related applications in 39 nations with strong market share in the United Kingdom. The company was at this year's Healthcare Information and Management Systems Society Conference in Chicago.
The acquisition also gives iSoft integration software to facilitate interoperability as it targets the U.S. market following enactment of the economic stimulus bill and its provisions for expanding the use of electronic health records. BridgeForward serves 4,500 hospitals and ambulatory facilities worldwide.
Joseph Goedert is news editor at Health Data Management.