Thursday, June 14, 2007

Hicks Holdings Grabs Stake in SafeMed

Private investment firm Hicks Holdings LLC announced Thursday that it has acquired a 40 percent stake in SafeMed Inc., a designer of clinical decision support systems. 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. SafeMed is headquartered in San Diego. Founded in 2005, Hicks Holdings is based in Dallas and is headed by professional sports czar Thomas O. Hicks.