ATLANTA--(BUSINESS WIRE)--WiFiMed Holdings Company, Inc. (“WiFiMed Holdings”) (OTCBB:WIFM), whose holdings are leading providers of physician workflow solutions, announced today that it has signed a definitive asset purchase agreement to acquire substantially all of the assets of CyberMedx Medical Systems, LLC. The Company further announced that it is expected that CyberMedx Medical Systems, Inc. will become its newly-formed and third wholly-owned subsidiary. CyberMedx Medical Systems, LLC provides patient data management, communication, and information systems for the hospital, home care, and alternate care industries. Collectively these technologies are the Cyber-Medical Exchange, or “C-ME,” because they allow the devices and patients to be “seen” by the other stakeholders having responsibility for the patient’s care or payment for that care. C-ME is available for a host of different bedside devices (e.g., oxygen tanks, oxygen concentrators, CPAP and BIPAP devices). A small wireless data transmitter attached to each patient device allows the transmission (through telephone lines) of the device’s data to a data collection center, where the data is reformatted and transmitted to software applications for use by vendors who maintain the devices and the health care providers who care for the patients. EncounterPRO® EHR (the flagship software product of WiFiMed Holding’s subsidiary, EncounterPRO Healthcare Resources, Inc.) currently accepts and displays data collected and transmitted by C-ME technologies.
