Compudata

Compudata Professional Systems

Business Description

Compudata Professional Systems was a provider of practice management systems to physician groups, with over 250 installations throughout the southeastern U.S. Its system was used to manage the financial, administrative, practice management and clinical requirements of medical practices including the recording, maintenance and management of patient medical records and transaction-based electronic data interchange.

Background

After operating for 20 years as a closely-held business, the owner of Compudata decided to exit the business through a sale to a strategic buyer.

Solution

The Company was sold to Medic Computer Systems, a leading supplier of sophisticated application software packages to physicians' practices and other healthcare providers in the US. A principal of Carter Morse & Mathias served as the Company's exclusive financial advisor in the transaction.