Allscripts buying HealthGrid for $60 million
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.