If you had asked last week I might have said yes. There - A MT

If they aren't now, they will be in the future - AXMT

Yeah, Good Luck With That. They were just acquired by another company, too!!! - java

Axolotl - Clonus

GO CHECK AXOLOTL'S IN THE NEWS PAGE or any other article regarding this matter - java

Which VR platform? - thought about applying

M*Modal nt - A MT

Axolotl was BOUGHT by Ingenix; they only talk about the HIT branch and not Transcription - Branch; no way to know what will happen there

Just my opinion.  

Axolotl Transcription is a separate entity from Axolotl’s HIT branch, and I cannot find any reference anywhere as to what will become of the Transcription side of Axolotl.  However, from what is currently out there in the speculative web world, if I were working for Axolotl Transcription, I would not be buying anything right now on credit. 

Granted these are just opinions and speculations on the part of the writers, but where there is speculation, there is also a good amount of truth. 

“Last week, Ingenix announced that it would be acquiring Axolotl.  Probably no one was happier than the folks at Gilat Satellite Networks who had invested $4.5M in Axolotl over ten years ago, had written off that investment during the dot-com bust in 2001 and now is looking at getting some $24M in cash plus another $3M by year’s end.  Gilat receiving $27M from the sale of Axolotl (we estimate Axolotl’s sales in FY09 to be about $15-18M) signals only one thing: Ingenix paid a kingly ransom to acquire Axolotl, in excess of 8x 2009 sales.

This begs the question: Why did Ingenix pay so much for such a small HIT vendor?

Having interviewed a couple of Axolotl competitors about this deal following are some thoughts and perspectives.

Ingenix is a company that grows by acquisition, having acquired some 50+ companies since 1996. Since the beginning of 2010, the company has made 5 acquisitions already and based on the call with Ingenix today, there will be more.  Ingenix has primarily served the payer market but sees a convergence of administrative and clinical processes, thus has been making targeted acquisitions in the provider HIT market (e.g., CareTracker, a PM/EMR solution, Picis, an EMR for ED, QualityMetric for outcomes measurement) and now Axolotl.”

And then there is this:

 “UnitedHealth Group owns Oxford, PacifiCare, IBA, AmeriChoice, Evercare, Ovations, MAMSI and Ingenix, a healthcare data company.  In 2007 their profits were $4.654 billion. Theses profits were largely made by denying people health care due to denial of enrollment due to preexisting conditions or rescission which is a process of canceling a client's health insurance once they file a really large claim by going back and finding some error in their application. In addition they deny procedures to people left and right on a routine basis without canceling their policies.”

As of today, no one knows for sure what will happen with the Transcription branch of Axolotl, but everyone knows from the past that large corporations are only out for one thing – more money.  Greed is the only way they know.  Any part of a company that is not profitable will be dissolved or sold.  Since, I believe, Axolotl Transcription only has a couple of hundred Medical Transcriptionists and a couple dozen accounts, they are not big enough for a giant corporation to want to deal with. 

Just my opinion, but my gut says Axolotl Transcription, as it stands today, will be a distant memory within 6 months – either sold, dissolved, or incorporated into something else that UnitedHealth Group owns, and the benefits and “niceness” of Axolotl Transcription will be no more.  Another “great” small company eaten up by the Corporate Sharks.   

Sad state of today’s world.  No one is safe. 

My gut says the same - So sad