Singapore, 7 September 2016 - MIMS Group is pleased to announce the acquisition of eHealthWise Services by MIMS Australia. The transaction closed on 11 August, 2016.

eHealthwise Services, a subsidiary of SMS Co. Ltd. (“SMS”), markets products that have been in the Australian Healthcare market for over a decade. Its products are designed to simplify the healthcare revenue cycle and ensure accurate electronic payments processing.

In October 2015, SMS acquired MIMS Group jointly with Mitsui & Co. Ltd. (“Mitsui”) The collaborative investment, approximately valued at US$250 million had a respective split of SMS holding 60% and Mitsui holding 40%. This acquisition positions MIMS Group as one of the strongest players in integrated healthcare information business in the Asia Pacific region.

With the acquisition of eHealthWise Services, MIMS Australia will focus on developing new businesses in line with the group’s strategy to expand its digital business in the region. The combined resources will provide an enhanced and innovative services for healthcare communities in Australia.

Robert Best, current Executive Director of MIMS Australia, MIMS New Zealand, and Executive Director and CEO of eHealthWise Services, will continue to manage and lead the business operations across these companies.

MIMS Group is confident that recent changes across its leadership and organisation will strengthen its position in the healthcare industry for long term growth in the Asia Pacific region.

For further inquiries, please contact:

Singapore:
Aateqa Valibhoy
PR & Communications
T: 6290 7400
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

Australia:
Caroline Walters
T: +61 2 9902 7827
E: This email address is being protected from spambots. You need JavaScript enabled to view it.

About MIMS Australia
MIMS Australia has been publishing drug information since 1963. The acronym, MIMS, was derived from the original publication which was called Monthly Index of Medical Specialties. MIMS is the leading supplier of trusted, quality, independent drug information to Australian healthcare professionals, known for its high level of editorial integrity and independence.  MIMS Australia offers a range of digital products that reflect current advances in information delivery; from hand held devices to online to integrating databases into clinical software applications. MIMS also continues to offer the printed reference products that have supported health care professionals for nearly 50 years. For more information, please visit http://www.mims.com.au/

About eHealthWise Services
eHealthWise products have been in the Australian Healthcare market for over a decade and were designed to simplify the healthcare revenue cycle and payments processing. Its products enable healthcare providers and payers to route, control, reconcile and settle healthcare data and payments electronically which means payment is more accurate and timely. The company has strong relationships with many strategic partners in the Healthcare industry including; major private & public hospitals, private health insurance funds and Medicare Australia. It’s main product, THELMA (Transactional Health Exchange Linking Multiple Applications) was Certified with Medicare Australia in 2006 and provides a low cost, fully integrated, web based eligibility and e-claiming solution. The company processed in excess of AUD$800 Million of electronic claims value last financial year by providing a wide range of electronic transactional services across Public and Private Hospitals, Day Surgeries and Specialists throughout Australia. For more information, please visit http://www.ehealthwise.com.au/

About MIMS Group
Established in 1963, MIMS Group, together with its subsidiaries and affiliates, is the leading provider of healthcare and drug data to healthcare providers in the Asia Pacific region with approximately 2 million healthcare professional subscribers across 12 countries.  In addition to its drug & resource portal, digital and print publications, MIMS has launched a career portal serving healthcare communities and a cloud-based CIS system for clinic workflow management.