Allscripts buy­ing HealthGrid for $60 mil­lion

Modern Healthcare - - Late News - —Rachel Z. Arndt

Allscripts will ac­quire pa­tient-en­gage­ment soft­ware com­pany HealthGrid in a $60 mil­lion cash deal, the EHR ven­dor an­nounced May 3.

Chicago-based Allscripts will bring HealthGrid’s tools into its Fol­lowMyHealth pa­tient-en­gage­ment plat­form to give providers a new way to con­nect with pa­tients out­side of the pa­tient portal, ac­cord­ing to Allscripts.

After com­plet­ing the ac­qui­si­tion, Allscripts will add more tools to the plat­form, in­clud­ing ap­point­ment con­fir­ma­tions and post-dis­charge sur­veys. It will also add tools to help providers ful­fill reg­u­la­tory re­quire­ments.

“It ad­vances our EHR-ag­nos­tic ap­proach,” Jim He­witt, Allscripts’ so­lu­tions de­vel­op­ment ex­ec­u­tive vice pres­i­dent, said in a state­ment. “You don’t have to have an Allscripts EHR to make this work.”

In ad­di­tion to the cash, Allscripts tacked on $50 mil­lion in tar­get-based earn-out pay­ments for HealthGrid.

Allscripts also re­leased its first-quar­ter fi­nan­cials on May 3. It posted $514 mil­lion in rev­enue, up 24% over a year ago, but a net loss of $39.8 mil­lion, com­pared with a loss of $20 mil­lion in the year-ago quar­ter.

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