LSS Data Systems
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LSS Data Systems
LSS Data Systems (LSS) is a medical software and service company based in Minnesota, United States. The company developed products for physicians and was founded in 1982. LSS partnered with Medical Information Technology (MEDITECH) in 1982. Together, they developed physician practice management and ambulatory electronic health record software. In 2000 and 2001, MEDITECH invested in LSS and eventually acquired complete ownership of the company in February 2011. After the acquisition, LSS became a wholly-owned subsidiary of MEDITECH, a Massachusetts-based company. The company later announced the completion of the merger on January 1, 2014. History "Lake Superior Software" was founded in 1982 in Duluth, Minnesota by Ken Carlson and Stephanie Petersen to develop and support physician billing and practice management software. The company developed a national clientele, opened an office just outside Minneapolis in the mid-1980s, and changed its name to "LSS Data Systems." Beginning in ...
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Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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