Payroll and HR outsourcing provider ADP has acquired AdvanceMD, a practice management and electronic health records concern.
Financial terms were not disclosed.
AdvancedMD’s applications are used by more than 10,000 physicians in 4,100 practices and by more than 300 regional billing partners across the United States.
ADP said it would leverage the collective offering of AdvancedMD’s PM and EHR solutions, and integrate that with ADP’s full array of services positioning it as an, single-source provider of Medical Practice Optimization.
"ADP and AdvancedMD will compete effectively for the small and midsized physician practice market, which is going through a rapid technology adoption cycle and moving aggressively toward outsourced solutions clearly ADP’s strength,” said ADP’s chief strategy officer, Jan Siegmund.
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