Emdeon Acquires eRx Network, LLC( NASHVILLE Tenn. July 2 /-Emdeon a lea...),Health

NASHVILLE, Tenn., July 2 /PRNewswire/ --Emdeon, a leading provider of revenue and payment cycle management solutions, today announced the acquisition of eRx Network, LLC ("eRx"), a premier provider of electronic pharmacy healthcare solutions. The transaction combines Emdeon's existing pharmacy operations with eRx's expanding customer base, reputation for product innovation, customer support and advanced pharmacy switching technology. Terms of the acquisition were not disclosed.

Founded in 2001 by industry veteran Mark Lyle and pharmacy enterprise software provider PDX, Inc., eRx has established broad-based leadership in pharmacy claims management and ePrescribing, accompanied by innovative technology products and services. eRx is also a leader in the government sector, where it processes pharmacy-based claims for Medicare / Medicaid durable medical equipment (DME) and flu vaccinations. In connection with the acquisition, Emdeon, PDX, Inc. and eRx entered into a long term extension and expansion of the strategic relationship that has been in place between eRx and PDX since eRx's founding.

"We are delighted to combine our pharmacy business with eRx," said George Lazenby, chief executive officer of Emdeon. "The combination of their innovative suite of products and services and talented management team will serve to accelerate our efforts towards providing solutions to our pharmacy customers. Perhaps most exciting, the combined organization will enjoy a significant presence in ePrescribing, one of the fastest growing sectors in healthcare transaction processing."

ePrescribing connectivity (prescriber/pharmacy/payer) has emerged as a high priority healthcare industry initiative with a demonstrated ability to improve patient safety, reduce administrative costs and increase efficiencies. Recent federal initiatives promoting ePrescribing include significant financial incentives and grants to accelerate both physici
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