EHR Firm Allscripts Buys Rival Eclipsys in $1.3 Billion Deal

Colleagues,

As gleaned from multiple sources ... Healthcare information technology company Allscripts-Misys Healthcare Solutions will merge with Eclipsys in a $1.35 billion deal...

... Allscripts said that by combining its own services for physicians and post-acute organizations with Eclipsys's IT systems for hospitals, it will be "uniquely positioned" to help clients access $30 billion of federal funding to pay for electronic health records..

... The combined company will have a client base of more than 180,000 U.S. physicians, 1,500 hospitals and nearly 10,000 nursing homes, hospices and post-acute organizations...

... "We are at the beginning of what we believe will be the single fastest transformation of any industry in U.S. history," said Allscripts Chief Executive Glen Tullman...

... Tullman will be CEO of the new company, while Eclipsys CEO Phil Pead will be chairman.

... To facilitate the deal, Misys, the British software company that owns a majority stake in Allscripts, said it would cut its 55 percent stake in the company to about 10 percent and return more than $1 billion to investors...