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Weekly News Digest

January 9, 2006 — In addition to this week's NewsBreaks article and the monthly NewsLink Spotlight, Information Today, Inc. (ITI) offers Weekly News Digests that feature recent product news and company announcements. Watch for additional coverage to appear in the next print issue of Information Today. For other up-to-the-minute news, check out ITIís Twitter account: @ITINewsBreaks.

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Wolters Kluwer Adds Medical Point-of-Care Solutions

Wolters Kluwer (http://www.wolterskluwer.com) announced plans to acquire ProVation Medical, Inc. (http://www.provationmedical.com), a privately held company based in Minneapolis that provides medical documentation, coding, and work flow solutions to hospitals and ambulatory surgery centers in the U.S. ProVation Medical will become part of Wolters Kluwer Health's Clinical Tools unit, which provides embedded content tools to pharmacies, hospitals, insurers, and healthcare vendors. Under the brand names of Medi-Span, Facts & Comparisons, and Clineguide, these tools provide information on drug interactions and dosing, formulary guidelines, and evidence-based treatment plan options at the point of care. ProVation's software suites for procedure documentation and coding compliance are designed to replace the inefficient dictation/transcription approach and streamline the coding process to back-end coding reviews.

In addition to these core ProVation offerings, the ProVation platform will enable Wolters Kluwer Health to further pursue its strategy of providing the healthcare market with embedded medical content and work flow solutions at the point of care. The acquisition will be finalized in the next 30 days, pending approval of ProVation Medical shareholders. Terms of the acquisition were not disclosed. ProVation Medical's 101 employees, including 10 physicians, will become part of the Wolters Kluwer Health team and will remain based in Minneapolis.

Source: Wolters Kluwer



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