Reed Elsevier in talks to buy dbMotion for $300m

Ness Technologies remains a shareholder in the healthcare software solutions company that it spun off in 2004.

Information solutions company Reed Elsevier plc (NYSE; LSE: ELN) is in talks to buy Israel healthcare software company dbMotion for $250-300 million.

Headquartered in Hod Hasharon north of Tel Aviv and with a development center in Omer near Beersheva, dbMotion develops healthcare software platforms and systems for medical organizations. The company's solutions collect and store patient information and thus facilitate improved medical care.

The company's chairman is Benny Levin, and since its establishment in 2004, $50 million has been raised from Vertex, Gemini Israel Funds, Pitango and the University of Pittsburgh Medical Center.

dbMotion was initially set up in southern Israel in 1996 as ISI Ness and is a spinoff from Ness Technologies Inc. (Nasdaq:NSTC;TASE:NSTC). Ness remains a shareholder in the company.

Published by Globes, Israel business news - - on May 19, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

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