TearLab recently closed the acquisition of the assets of the OcuHub business unit from AOAExcel, Inc., the for-profit subsidiary of the American Optometric Association (AOA).
As of the close of the transaction, the OcuHub purchased assets and business activities will be operated as a wholly owned subsidiary of TearLab. Barry Barresi, OD, OcuHub’s CEO and former executive director of the AOA, will remain CEO of TearLab’s OcuHub subsidiary.
The net purchase was about $1.4 million.
OcuHub, powered by AT&T and Covisint, facilitates a shared care model with a single sign-on portal, which provides secure connectivity among doctors, patients, institutions, and payers. It is a subscription-based service that is HIPAA compliant.
OcuHub also offers electronic medical records software, image management and storage, practice management tools, and marketing programs.