View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 11, 1997updated 05 Sep 2016 12:00pm


By CBR Staff Writer

Synetic Inc, Elmwood Park, New Jersey health-care computing specialist, has acquired Avicenna Systems Corp, formed in Cambridge, Massachusetts to create intranet networks for managed health-care plans, health-care delivery systems and hospitals, for $30.5m in shares. Avicenna provides us with an organization with a common vision for confidential, secure Internet health-care commerce, and a talented management team with relevant experience, declares a happy Martin Wygod, chairman of Synetic. Synetic will take an unspecified charge for the quarter just ended to account for the takeover. It also agreed to issue to key management shareholders of Avicenna a series of non-transferable warrants covering 250,000 shares of Synetic, exercisable after December 23 1998 at $54.50 per share. The acquisition is described as a step in its stated efforts to provide inter-enterprise communications for health-care commerce.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.