Inkjet Wholesale News aims to provide updates on the latest significant occurrences in the field of printing. Whether it’s the launch of a new technology or volatility of market prices, we’ll be here to give you the lowdown on what happened, when it happened, and what it means!
Xerox Healthcare Multifunction Printer Launched By OEM Especially For Healthcare Industry Users
Xerox has launched a new multifunction printer that is specifically designed for operations in the healthcare industry. The new device that has been dubbed Xerox Healthcare Multifunction Printer Solution boasts of many applications. The foremost of these is that it will allow users to improve patient outcomes by improving coordination of the care given to them and digitise key patient information so that it can be exchanged securely over the internet.
Within the healthcare industry, the Xerox Healthcare Multifunction Printer is better suited to small scaled businesses. One of the most notable features of the device is that it connects the healthcare service providers to the Kno2™, which is a cloud service designed to facilitate clinical document exchange. When healthcare service providers get access to the Kno2™ through the Xerox Healthcare Multifunction Printer, they’ll be able to share their patient information to other healthcare service providers as well as gain access to other healthcare service providers’ data.
According to the Original Equipment Manufacturer (OEM), the Xerox Healthcare Multifunction Printer also happens to be a ConnectKey enabled device. This means that the device is preloaded with simple applications that can, together, improve the processing speed of businesses that have heavily paper-dependent processes.
On the ground, the Xerox Healthcare Multifunction Printer will take away the need for healthcare service providers to manually fax or mail patient details. Instead, the device boasts of a “Share Patient Information”. This button, when pressed, automatically scans the provided patient information and shares it with healthcare service providers chosen from the inbuilt database.
This feature is at the centre of the Xerox Healthcare Multifunction Printer because it takes away a key risk that healthcare service providers face currently. For instance, many small and non-acute healthcare service providers still use faxes and conventional mails to share patient files. Examples of such service providers include urgent care centres, physical therapists, and general practitioners.
The problem with this method is that it results in the creation of another set of sensitive patient documents that may put the service provider at odds with certain compliance laws. In contrast, digitally sharing these medical records is more secure and can be tracked more closely.
The direct result of the Xerox Healthcare Multifunction Printer will be that healthcare service providers will be able to exchange patient files very quickly. They will, in fact, be focusing on the patients more than their paperwork because they won’t have to worry about compliance-related issues as much. Moreover, since the device results in an almost instant exchange of information, there are no delays in the transferred patient receiving the treatment he needs.
Another feature of the Xerox Healthcare Multifunction Printer is that it can be controlled through a touch panel for various functions including accessing the given database. The device doesn’t only scan documents the way normal multifunction printers do but scans them in a “structured” manner i.e. documents’ structural integrity remains intact even in digital format.
Information can be sent and request both using this device which makes it easier for healthcare service provider to cater to their transferred patients quickly and efficiently.
Apex Technology, PAG Asia, and Legend Capital Complete Lexmark Acquisition
The Lexmark sale saga has been on-going for some time now. We first wondered about Lexmark and its future way back in April, this year. In the same month, a week later, in fact, we reported on the news that the Lexmark acquisition was set to be taken on by a Chinese consortium consisting of Apex Technology, PAG Asia Capital, and Legend Capital. Apex Technology is actually an aftermarket cartridge component manufacturer, PAG Asia Capital is a venture capitalist firm, and Legend Capital is the venture capital arm of Legend Holdings.
While for a long while there hasn’t been much deliberation on what’s going to happen there, it is still an event that has taken a long time to get wrapped. However, wrapped up, it has and finally too. Lexmark, itself, has announced that its acquisition by the Chinese consortium has been completed. As a direct result of the acquisition, the OEM stated that its shareholders will all receive $40.50 per share in cash.
Needless to say, all prerequisite approvals had been acquired for the deal before its completion. These include various closing conditions and approvals from organisations such as the Committee on Foreign Investment in China, authorities in the US and even the Lexmark shareholders. Subsequent to the earlier announcement that the acquisition was to take place, there were worries in the industry as to the future of the OEM’s headquarters in Kentucky.
The OEM has now stated that the Chinese consortium plans to maintain the Kentucky corporate headquarters. However, there is going to be a change in the leadership. Paul Rooke, the President and Chief Executive Officer of Lexmark, has been replaced by David Reeder, who was the Vice President and Chief Financial Officer of Lexmark under Rooke.
The exiting CEO, Rooke, said that “Reeder is an extraordinary leader” who has “spent his entire career in technology”. Reeder, himself, talked about his new opportunity, saying that he is “honoured to lead Lexmark into its next phase of opportunities and growth”.
The OEM’s Enterprise Software group will be spun off as a result of the Lexmark acquisition too. The spun-off entity will be rebranded to Kofax. Lexmark’s new owners will then proceed to sell Kofax while investing further on the imaging divisions with a special emphasis on regions such as China and Asia Pacific.
The OEM’s financial advisors during the acquisition process, as also mentioned in earlier posts, were Goldman, Sachs & Co.