E-MedSoft to Acquire Illumea for Common Stock

E-MedSoft.com in Camarillo plans to acquire privately held Illumea Corp. for common stock valued at about $15 million.

Illumea develops Internet-based image sharing and management products in the medical and life-sciences industries. Its technology allows physicians and researchers to view, manipulate, store and analyze tissue data both remotely and locally through a Web-based platform.

Founded at the USC School of Medicine, Illumea’s products have been installed at Memorial Sloan Kettering Cancer Center; the University of Maryland Genetics and Lab Medicine; and other academic and commercial institutions in both the United States and Asia.

E-MedSoft.com will not only significantly increase its business through the use of Illumea’s technology, but will also gain a critical platform to drive the adoption of its entire product line, said John F. Andrews, president and CEO of e-MedSoft.com.

E-MedSoft.com is a subscription-based health care management system available for delivery through the Internet. Users of the software are charged an installation fee, plus an ongoing subscription fee based on transaction volume.