Allscripts Closes Previously Announced Sale of CarePort Health Business

Rhea-AI Summary

On December 31, 2020, Allscripts (NASDAQ: MDRX) completed the sale of its CarePort Health business to WellSky Corporation for $1.35 billion. CarePort is designed to assist hospitals and post-acute care providers in coordinating and transitioning patients through various care settings. This strategic move aligns with Allscripts' focus on enhancing its healthcare information technology solutions, aiming to improve clinical, financial, and operational outcomes.

Positive

• Successful divestiture of CarePort Health for $1.35 billion enhances liquidity.
• Divestiture allows Allscripts to focus on core healthcare IT solutions.

Negative

• None.

On December 31, 2020, Allscripts (NASDAQ: MDRX) closed the previously announced sale of its CarePort Health business to WellSky^® Corporation for $1.35 billion. CarePort solutions assist hundreds of hospitals and thousands of post-acute care providers to efficiently coordinate and transition patients through different settings of care.

About Allscripts

Allscripts (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 and consumers to make better decisions, delivering better care for healthier populations. To learn more, visit www.allscripts.com, Twitter, YouTube and The Allscripts Blog.

© 2021 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005126/en/

FAQ

What was the sale price of CarePort Health by Allscripts?

Allscripts sold CarePort Health to WellSky Corporation for $1.35 billion.

When did Allscripts close the sale of CarePort Health?

Allscripts closed the sale of CarePort Health on December 31, 2020.

What is CarePort Health's function in healthcare?

CarePort solutions help hospitals and post-acute care providers coordinate and transition patients through different settings of care.

How does the sale of CarePort Health impact Allscripts' focus?

The sale allows Allscripts to concentrate more on its core healthcare information technology solutions.