Thursday, June 14, 2007
SafeMed Stake Sold to Hicks Holdings
Forty percent of San Diego-based SafeMed Inc., a designer of clinical decision support systems, has been sold to private investment firm Hicks Holdings LLC, Hicks announced Thursday. Financial terms of the investment were not disclosed. However, Hicks said the funding will accelerate SafeMed's development and growth. Launched in 2000 by founder and CEO Ahmed Ghouri M.D., SafeMed has developed a suite of products that provide comprehensive point-of-care information, ranging from a device that identifies and ranks prescription drugs to another instrument that helps determine the most appropriate diagnostic-imaging test for a specific patient. Founded in 2005, Hicks Holdings is based in Dallas, Texas and is headed by professional sports czar Thomas O. Hicks.