Magazine article Information Today

Lilly Completes Acquisition of Community Medical Information Networks Operator

Magazine article Information Today

Lilly Completes Acquisition of Community Medical Information Networks Operator

Article excerpt

Eli Lilly and Company and Integrated Medical Systems, Inc. have announced that Lilly has completed its acquisition of Integrated Medical Systems, Inc., a developer and operator of medical communication networks. This follows the announcement on August 3, 1995, that both companies had reached an agreement in principle.

Lilly acquired a minority interest in IMS as part of its purchase of PCS Health Systems, Inc. from McKesson Corporation in 1994. In partnership with IMS, PCS became the first pharmacy benefit manager to offer electronic links to physicians. The industry-leading information technology capabilities offered by PCS also include online connections to more than 54,000 pharmacies and 1,300 health plans.

"The acquisition of IMS provides an opportunity for Lilly to forge closer ties with health care providers and payers by giving it the ability to get information quickly to people who provide care and make health care decisions," said Mitchell E. Daniels, Jr., president of North American pharmaceutical operations for Lilly. "The IMS and PCS networks and technology working together will provide physicians with the clinically-based patient and drug information they need to support the delivery of quality, cost-effective prescription therapy that will ultimately benefit consumers. …

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