Sources inform ''Globes'' that medical computerization company iMDsoft Inc. is in sale talks with a private equity fund for $80 million. iMDsoft CEO Phyllis Gotlib declined to comment on the report.
iMDsoft develops data processing systems for intensive care units, and has tens of millions of dollars in annual sales. Dr. Ido Schoenberg and his wife, Phyllis Gotlib, co-founded the company in 1996, together with Ido's brother, Roy.
The trio subsequently founded CareKey Inc. in the US, which they sold to TriZetto Inc. for $60 million in 2005. While CareKey operated in the US, Gotlib continued to run iMDsoft from Israel, even as it expanded operations in the US. In 2009, they said that it had 150 employees.
iMDsoft's largest shareholders are its founders, ANA Technologies, InterFace Partners, Polar Investments Ltd. (TASE: PLR) unit Koonras, and Japan's Fukuda Denshi Company Ltd. (TSE: 6960). The company has reportedly raised $20-30 million to date, with the last financing round held in 2000.
After the sale of CareKey, Ido and Roy Schoenberg founded American Well Inc., which mediates between doctors and hospitals online on an ad hoc basis, and has contracts with several insurance companies. The medical automation industry has been flourishing since the passage of legislation in the US granting incentives to doctors who work at computerized clinics and to hospitals that upgrade their computer systems, and fines those that don’t.
Published by Globes [online], Israel business news - www.globes-online.com - on June 7, 2012
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