Friday, November 21, 2008

Plano-based Perot Systems acquires New Jersey-based Tellurian Networks

By Pegasus News wire

Perot Systems Corporation acquired substantially all of the assets of Tellurian Networks, Inc., a leading managed services hosting provider of Electronic Medical Records (EMR) and Practice Management (PM) applications to physician groups. Tellurian is based in Newton, NJ and has operations in New Jersey and California. Financial terms were not disclosed.

Tellurian serves physician practice groups with an innovative managed services hosting model that provides physicians with world-class technology, such as EMR and PM applications on a per-doctor and per-user basis. This model enables physician groups to lower and control costs while improving patient care. Perot Systems, which provides comprehensive healthcare solutions to primarily large provider-owned practices and academic medical centers, acquired Tellurian to broaden its reach into a greater component of the physician practice group market.

"We are pleased to welcome Tellurian's associates to the Perot Systems global team," said Peter Altabef, president and CEO of Perot Systems Corporation. "With its demonstrated expertise and commitment to operational excellence, Tellurian will enhance our expanding worldwide healthcare IT services capabilities."

"We are excited to be joining Perot Systems," said Robert Boyle, CEO of Tellurian Networks Inc. "Perot Systems' global delivery model, its outstanding people, and healthcare experience will enable us to strengthen the already high level of service we provide for our existing clients. These same capabilities will also provide new opportunities to leverage the combined organizations' relationships and increase adoption of our hosting solutions for both the acute and ambulatory healthcare segments."

"The managed services hosting model for medical applications is an attractive fit to our existing healthcare IT implementation and consulting business. Our Physician Solutions and Revenue Cycles Solutions groups can now offer small physician practices lower cost alternatives to traditional integrated solutions," stated Chuck Lyles, President of the Perot Systems healthcare group.

Following the acquisition, all of the Tellurian associates, working from locations in Newton, N.J. and Los Angeles, CA. will join Perot Systems. Currently, Tellurian's hosting serves 94 physician clients, 565 practice locations, representing 13,000 physicians.

Source: Perot Systems

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