Allscripts to sell OneContent business to Hyland
February 15 2018 - 4:01PM
Allscripts (NASDAQ:MDRX) has signed a definitive agreement to sell
its OneContent business to Hyland Software, Inc., a leading
provider of content services solutions to the healthcare industry
and beyond. The deal is expected to close in the second quarter
once customary closing conditions are satisfied.
Allscripts acquired the OneContent business in
late 2017 through the acquisition of McKesson’s EIS
portfolio. Upon transaction close, the OneContent client base
and associates will transition to Hyland. The two companies will
operate independently until the deal closes.
Hyland’s content and image management solutions
address the clinical, financial and operational needs of healthcare
organizations around the world. We expect that Hyland will continue
to support OneContent customers’ current solutions while enhancing
the platform with new features and functionality, and refining the
integration with Allscripts’ EHR systems.
“Hyland has world-class content and image
management solutions, and OneContent is a great fit within their
portfolio,” Allscripts President Rick Poulton said. “This deal is a
triple win for Allscripts clients and shareholders as it allows us
to efficiently recirculate capital; allows us to focus on our core
businesses and allows us to maintain our strong, exciting
partnership with Hyland.”
Houlihan Lokey acted as the exclusive financial
advisor to Allscripts in connection with the sale of
OneContent.
About AllscriptsAllscripts
(NASDAQ:MDRX) is a leader in healthcare information technology
solutions that advance clinical, financial and operational results.
Our innovative solutions connect people, places and data across an
Open, Connected Community of Health™. Connectivity empowers
caregivers to make better decisions and deliver better care for
healthier populations. To learn more, visit
www.allscripts.com, Twitter,
YouTube and It Takes A
Community: The Allscripts Blog.
© 2018 Allscripts Healthcare, LLC and/or its affiliates. All
Rights Reserved.
Allscripts, the Allscripts logo, and other
Allscripts marks are trademarks of Allscripts Healthcare, LLC
and/or its affiliates. All other products are trademarks of their
respective holders, all rights reserved. Reference to these
products is not intended to imply affiliation with or sponsorship
of Allscripts Healthcare, LLC and/or its affiliates.
For more information
contact:
Investors:Dennis
Olis312-386-6700dennis.olis@allscripts.com Media:Concetta
Rasiarmos312-447-2466concetta.rasiarmos@allscripts.com
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