Second Deal in Two Days: MediQuant Purchases HeF Solutions to Continue Building Comprehensive Suite of Services

Brings Data Conversion In-House

BRECKSVILLE, Ohio–(BUSINESS WIRE)–Finalizing the second deal in a week, MediQuant®, the leading innovator
and provider of enterprise active archiving solutions to hospitals and
health systems, announced today that it has executed a purchase contract
for HeF Solutions. HeF is a healthcare technology firm specializing in
electronic medical records (EMR) data conversions, legacy data archival
and technical services that support needed access to clinical records.

The agreement deepens MediQuant’s data conversion services, expanding
the tools, resources and capabilities offered to clients who require
Extract, Transform and Load (ETL) services to manage a shift between EMR
systems. This is the second step in a week MediQuant has taken to
further its capability to serve clients, complementing its recent
incorporation of extraction services through DataEmerge. Collectively,
the acquisitions reinforce MediQuant’s position as the leader in the
healthcare enterprise archiving space.

“These additional resources give us the ability to streamline our
service offering and reinforce a responsive, consistent and unified
approach,” said Jim Jacobs, Chief Executive Officer at MediQuant. “We
welcome the HeF team and value their expertise. MediQuant and HeF
clients will continue as planned, but now have the commitment of both
companies to ensure speed and accuracy of conversion, data archiving and
in-house extraction. Together, these teams solidify MediQuant’s broad
expertise in meeting the needs of the most complex, time-constrained EMR
transitions.”

HeF Solutions has helped clients convert data since 2006, following a
six-step process called RightPath® Procmigrate so they can map extensive
data records from their legacy systems. The company’s Chief Executive
Officer, Daniel Alex continues to serve dedicated clients based on HeF’s
traditional commitment to innovative technology and expert support for
quality data management.

“Joining forces is the ideal way to ensure clients have the most
effective, accurate and efficient conversion process when switching from
one EHR to another,” said Alex. “We are excited about strengthening
MediQuant’s end-to-end offering.”

Already recognized as one of the fastest growing HIT services, MediQuant
is on track to continue its dramatic growth while also expanding the
scope of service to build a comprehensive solution for all elements of
enterprise active archiving and management for both financial and
clinical data.

MediQuant will showcase its enterprise active archiving solutions at the
HIMSS19 Global Conference and Exhibition from February 11-15, 2019 at
the Orange County Convention Center in Orlando. Visit booth # 1841.
Attendees are encouraged to attend a MediQuant-sponsored session
entitled, Achieving Legacy System Retirement and Data Consolidation
(#184) on Wednesday, February 13 between 4:00 p.m. and 5:00 p.m.
featuring senior leaders from Yale New Haven Health System and John Muir
Health.

About MediQuant

Founded in 1999, and headquartered in Brecksville, Ohio, MediQuant is
the leader in enterprise active archiving solutions for hospitals and
health systems. The Company’s flagship product, DataArk®, is a solution
that assists hospitals in retiring legacy clinical and patient
accounting platforms and maintaining access to relevant data via a
cloud-based software platform. Active archiving grants users the
necessary functionality of a legacy system without the expense and
risks. Data is kept active for quickly retrieving files, easily updating
old records and continuing to bill accounts. MediQuant serves nearly 200
individual health systems which represent more than 1,000 hospital and
physician practice customers. For more information, visit www.mediquant.com.

Contacts

River Communications
Joe Collins, 914-686-5599
jcollins@riverinc.com