Misys Acquired by Vista Equity Partners–Company That Was Started in the Medical Records Business

 

Going back to 2008, Misys purchased Allscripts.  I remember the Misys MyWay  medical records system that grew by purchasing and integrating other software technologies, which kind of ended up being a problem down the road recently for Allscripts.

Misys seals deal on Allscripts purchase

Later on they sold Allscripts and it merged with Eclipsys systems again, more software technologies to come together and a lot of code. 

Misys Sells Allscripts Shares to Enable Eclipsys Merger – Medical Records

Lehman Bankruptcy Delays Misys-Allscripts Deal

Now they are pretty much out of the medical records software business and have been for a few years and now cater to banks with business intelligence types of software services.  If you read the news of late, then you know about the code/integration software issues facing Allscripts now with lawsuits and shareholders alike.  BD

---

Two market leaders combine to provide the largest and most comprehensive suite of capital markets and banking solutions in the industry. 

Today Vista Equity Partners announced it has completed its acquisition of Misys. As part of this acquisition, Misys and Turaz, the business that includes the Kondor+ product line, are now one company officially operating as one under the name "Misys".

By combining these two award-winning enterprise software companies, the new Misys will offer its customers access to an unrivalled pool of expertise and domain knowledge, in combination with the most comprehensive portfolio of software solutions available on the market today.  As the trusted provider to 1,800 customers in 120 countries and with the broadest solution suite available, Misys has the scale and ability to serve customer's capital markets and banking needs across all geographies and market segments.

Misys was formed by the merger of Misys with Turaz, which includes the award-winning Kondor+ product line.  Combined they are able to address all customer requirements across both the banking and trading book businesses. Misys is the trusted partner that financial services organisations turn to for help solving their most complex problems.

Read more here: http://www.sacbee.com/2012/06/01/4530628/misys-merges-with-turaz-to-create.html#storylink=cpy

http://www.sacbee.com/2012/06/01/4530628/misys-merges-with-turaz-to-create.html

Read More

Sun Screen Spray Sets Man on Fire–Banana Boat Stated They Would Investigate

Banana Boat sunscreen proved to be a little dangerous.  The warning is not quite sufficient states the victim.  This is truly a freak accident but it did happen when his barbeque set him on fire.  Who would have ever thought that sunscreen could do this, but obviously from reading the article there’s a time of around 2 minutes to where it could catch fire. 
The company has since said they are launching an investigation to learn more of how this happened.  The flame just ran up his arm and burned where ever he had the sun block.  He had second degree burns.  BD  

STOW (CBS) – A Stow man says he was nearly killed after applying sunscreen.  Standing in front of his barbecue grill, Brett Sigworth says it was only a second before his body was engulfed in flames.

“I went into complete panic mode and screamed,” he says. “I’ve never experienced pain like that in my life.”

He says, “I sprayed on the spray-on sunscreen, and then rubbed it on for a few seconds. I walked over to my grill, took one of the holders to move some of the charcoal briquettes around and all of a sudden it went up my arm.”

Brett says his body was on fire, “it went wherever the block went.”

http://boston.cbslocal.com/2012/05/31/stow-man-catches-fire-after-applying-sunscreen/

Read More

Larry Ellison–Unwired at All Things Digital Conference Video Highlights–One of Larry’s Best!

If you didn’t catch this interview from Kara Swisher from All Things Digital, it is well worth watching. I think Mr. Ellison is the oldest CEO in the Silicon Valley. He’s also the founder (who knows and wrote code) of Oracle. He was in the right place at the right time when he created the Oracle data base and the company has grown with acquisitions. On June second he says he will do his first actual first hand tweet. He says the Sun acquisition has already paid for itself. He starts out with talking about the America’s Cup and due to the litigation still in process he can’t say a lot about the Google court situation.

He speaks highly of HP and then we have the SAP discussion…funny…a must listen here.  Last year he was given an award for his contributions to Health IT.   

Larry Ellison Announced As Distinguished Medical Informatics Awardee for His Contributions to Health IT and the Ellison Foundation From the Friends of the National Library of Medicine (NIH)

Perhaps one of my favorites besides this recent interview below is the one where he talked about “the box”.  You can find that video here.  He’s also a fan of Red Bull:)



“In the history of Silicon Valley, there are few characters more colorful than Larry Ellison. The CEO and founder of the enterprise software giant Oracle rarely needs an introduction, and in certain circles he is often referred to by his first name alone - with no doubt as to whom you're referring. Today, he was onstage for an interview with Kara Swisher at D: All Things Digital. May 30, 2012.”

---

Here’s how Larry Ellison reflects on Steve Jobs and his perspective on how he operated and functioned.  He states the leaders of tech companies today and how they don’t trust their boards any more.  Why should they trust the boards and he uses Facebook and Google as prime examples. 



Mr. Ellison is also one of the first members of the Gates Foundation Giving Pledge.  He is brilliant and a while back Forbes did a nice history video on Larry and one of his co-workers/founders said “Larry will be running Oracle from the grave:)  BD 

The Giving Pledge Call for Philanthropy Continues to Grow–40 Billionaires Committed

http://allthingsd.com/20120530/oracle-ceo-larry-ellison-live-at-d10/

Read More

Insurers Add 4th Tier to Prescription Pricing–Higher Costs for Patients–Attack of the Killer Algorithms Part 31 As That is What Calculates the Cost

Well we all know that once you leave tier one and two the costs go up tremendously so when does tier five appear one might ask?   The one man quoted in the article states that his HIV drugs went from $80 a month to $450 a month.  One state, New York has banned tier four plans.

There has to be some give and take between pharmaceutical companies and insurers and in this instance the insurers are not completely the bad guys as they usually are with risk analysis comparisons.  In some areas there are no tier one and two drugs available and so tier three and four are the only ones available.  Research and development is expensive for drug development as well, so where does all of this hit the road for consumers?  We already know that in the US we pay more for our drugs than any other country and basically somewhat subsidize the lower costs that others get.  It’s all about the math and profits here and granted a certain amount of profit is needed to keep companies alive but let’s face it the big huge profits of the pharmaceutical business can stay forever.  BD

---

Thousands of patients in California and across the nation who take expensive prescription drugs every month for cancer, rheumatoid arthritis and other ailments are facing sticker shock at the pharmacy.

Until recently, most of these patients typically paid modest co-pays for the advanced drugs. But increasingly, Anthem Blue Cross, Aetna and other insurers are shifting more prescriptions to a new category requiring patients to shoulder a larger share of the drug's cost.
To help lower their costs, health plans are changing their approach to drug coverage, often expanding from a three-tier to a four-tier plan. The first tier would be generic drugs at a $10 co-payment, for instance, the second tier preferred brand-name drugs at a $30 co-pay, the next tier non-preferred brand-name drugs for $50, and the top tier would be dozens of specialty drugs costing patients 10% to 30% co-insurance or $150 co-pays.

http://www.latimes.com/business/la-fi-expensive-drugs-20120529,0,2965274.story

Read More

Medical Quack Will Be Back Blogging Soon

I have just moved after 28 years in one house and what a move it was to include a nice spider bite from a brown recluse.  I am lucky there that it is healing and didn’t leave a hole in my arm.
Thanks again for all who visited the Quack during my absence here and you can again look forward to some new blog posts soon as I am finally getting myself back in order to resume very soon! 
28 years of stuff collected and the Salvation Army and Veteran’s Charity did very well at my old address. 



Stay tuned! 

Barbara Duck

Read More