Creative Sociomedics Acquires Competitor CMHC Systems
October 3, 2005 Creative Sociomedics Acquires Competitor CMHC SystemsOn September 20, 2005, Creative Sociomedics, based in Great River, New York, announced the acquisition of CMHC Systems, Inc. for approximately $13 million in cash and 435,730 shares of NMI stock. The two companies will merge by the end of September 2005, operating under the name Netsmart Technologies, Inc., (NTI). The 1978 Dublin, Ohio based company, CMHC Systems, delivers a full suite of behavioral health care information management software to mental health, substance abuse, and addiction services agencies, developmental disability centers and behavioral health-related managed care organizations. NTI is expected . . .