An electronic health record company that provides clinical information systems for wound care clinics, Net Health Systems, has acquired a specialist electronic medical record firm that gives the combined companies business with 1,000 U.S. wound care clinics, a little more than 50 percent, according to a company statement.
The value of the deal was not disclosed. Pittsburgh-based Net Health Systems’ acquisition of Wound Care Strategies in Harrisburg, Pennsylvania follows an investment by Spectrum Equity in Net Health in July.
Net Health’s Wound Expert EHR system is used by physicians across outpatient wound clinics, long-term care and home health facilities, traveling physicians and other healthcare providers, according to a company statement.
The niche space of the EMR wound care market includes a few companies, among them Intellicure in Woodlands, Texas and Indigo in Dalton, Georgia. Many clinics have yet to adopt an EMR system, though. Up to 800 clinics use a variety of EMR services or paper-driven processes, according to a spokesman for Net Health.
Wound care can involve treating chronic wounds, such as pressure ulcers or diabetic ulcers, to acute, life-threatening wounds from traumatic injuries. It’s a growing area and with more clinics expected to open, the market opportunity is set to increase. The global market value of the wound care industry is expected to grow to more than $21 billion in 2015, with an estimated 2,500 wound clinics to be established in the U.S. by 2016, a spokesman for Net Health said.