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Shared Medical Systems Corp

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BUSINESS
March 3, 2000
* Eclipsys Corp., a maker of health-care information software, said it made an unsolicited offer to acquire rival Shared Medical Systems Corp. for $2 billion in stock and cash. Delray Beach, Fla.-based Eclipsys said the deal would value Malvern, Pa.-based Shared Medical Systems at about $67 a share. Shared Medical closed at $38.25, down $1.19, on the New York Stock Exchange. Eclipsys rose $3.06 to close at $28.63 on Nasdaq. Shared Medical was not available for comment. * Silicon Graphics Inc.
ARTICLES BY DATE
BUSINESS
March 3, 2000
* Eclipsys Corp., a maker of health-care information software, said it made an unsolicited offer to acquire rival Shared Medical Systems Corp. for $2 billion in stock and cash. Delray Beach, Fla.-based Eclipsys said the deal would value Malvern, Pa.-based Shared Medical Systems at about $67 a share. Shared Medical closed at $38.25, down $1.19, on the New York Stock Exchange. Eclipsys rose $3.06 to close at $28.63 on Nasdaq. Shared Medical was not available for comment. * Silicon Graphics Inc.
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NEWS
September 20, 1989 | From The Washington Post
About 100 hospitals around the country were forced Tuesday to switch from computers to pen and paper for major bookkeeping functions because a software program could not figure out what day it was. Officials said there was no permanent loss of data or threat to treatment of patients.
NEWS
September 20, 1989 | From The Washington Post
About 100 hospitals around the country were forced Tuesday to switch from computers to pen and paper for major bookkeeping functions because a software program could not figure out what day it was. Officials said there was no permanent loss of data or threat to treatment of patients.
BUSINESS
March 7, 2000 | Reuters
Eclipsys Corp. stepped up its $2 billion unsolicited bid to take over its much larger rival, Shared Medical Systems Corp. The health-care computer services company said it had nominated four candidates to replace a majority of Shared Medical's current board and has sued the company to nullify a provision that would make the takeover more difficult. Malvern, Pa.-based Shared Medical's stock, which had shot up 63% since the bid was announced last week, closed off $1.75 at $61.
BUSINESS
May 2, 2000 | Bloomberg News
Siemens, Germany's biggest electronics and engineering company, agreed to buy Shared Medical Systems Corp., the No. 2 U.S. health-care software maker, for $2.1 billion in cash to add to its services to hospitals. Siemens said it will pay $73 a share, 76% more than Friday's closing price, for Shared Medical, whose board recommended that shareholders accept the offer. Siemens said Shared Medical, based in Malvern, Pa., would increase its access to the U.S.
BUSINESS
March 31, 2000 | Bloomberg News
Neoforma.com, a medical supply e-commerce company, said it agreed to buy software maker Eclipsys Corp. and its affiliate Healthvision Inc., a closely held Internet health-care company, for about $4.2 billion. But Neoforma's shares plunged 35% on concern that the deal won't give the company the right tools to compete in the consolidating market for online sales of medical supplies. In Nasdaq trading, Neoforma shares plunged $10.50 to $19.88, cutting the value of the purchase to $2.7 billion.
BUSINESS
March 30, 2000 | From Bloomberg News
Neoforma.com Inc., which operates an Internet marketplace that connects buyers and sellers of medical goods, said it is in merger talks with health-care software company Eclipsys Corp. and Healthvision Inc., an Internet health-care company.
BUSINESS
February 15, 2000 | CHRISTOPHER ELSER, BLOOMBERG NEWS
Healtheon/WebMD Corp., the biggest Internet company linking doctors, patients and insurers, said Monday that it has agreed to buy rival Care-Insite Inc. and its parent, Medical Manager Corp., for about $5.4 billion in stock. The proposed acquisition would eliminate Healtheon's largest rival in providing doctors with online links to check insurance coverage, process claims, buy supplies, read new medical studies and access lab reports.
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