GE Medical Systems' winning bid for MedicaLogic's digital health record assets spread over the patients with records hosted on its systems (bankruptcy asset sale, arithmetic over two stated numbers)
$35,250,000
USD per patient record, US
“GE Medical Systems' winning bid was for the amount of $35,250,000 and is subject to bankruptcy court approval ... More than 16 million patients now have digital records hosted on MedicaLogic systems.”
MedicaLogic/Medscape, Inc., Form 8-K Exhibit 99.1, GE Medical Systems winning bid (March 2002), sec.gov, 2002-03-19
- Kind of source
- Regulatory filing
- Read on
- 2026-11-07
- Daily check
- Quote found at the source on 2026-11-06
- What to know
- A distressed bankruptcy sale of an outpatient EMR software business (2002, the first bid was $20 million in cash), so a low anchor. What was bought was the software and hosting business; the practices, not MedicaLogic, controlled the clinical data, so it is not a data licence.
- Arithmetic
- $35,250,000 / 16,000,000 patients = $2.20 per patient (the count is 'more than 16 million', so this is an upper bound).