Allscripts Closes Netsmart Technologies Transaction
April 19 2016 - 04:10PM
Allscripts Healthcare Solutions (NASDAQ:MDRX), a leader in
healthcare IT solutions, today announced that it has completed the
previously announced joint venture that merges the Allscripts
Homecare™ business with Netsmart Technologies, Inc. (“Netsmart”).
This transaction establishes Netsmart as the largest human
services and post-acute technology provider in healthcare.
The joint venture will focus on enhancing human
services, post-acute care and outcomes, helping providers respond
to evolving compliance and regulatory demands, and improving
efficiency and performance. Allscripts Healthcare Solutions, Inc.
and GI Partners hold significant ownership positions in the new
joint venture.
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.
© 2016 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.
Contacts:
Investors:Seth
Frank312-506-1213seth.frank@allscripts.com
Allscripts Media Questions:Concetta
DiFranco312-447-2466concetta.difranco@allscripts.com
About Netsmart
Netsmart is healthcare’s largest human services and integrated
care technology provider. Netsmart technology platforms and
expertise are integral to the delivery of outcomes-based services
and care to more than 25 million persons nationwide.
Netsmart serves more than 500,000 users in more than 24,000
organizations across all 50 states. Netsmart client communities
include behavioral health; addiction treatment; intellectual and
developmental disabilities; child and family services; public
health; home health and hospice; and vital records.
Netsmart’s CareFabric®, a framework of innovative clinical and
business solutions and services, supports integrated, coordinated
delivery of health services across the spectrum of care.
Netsmart’s HIT Value Model™, a vendor-agnostic planning and
measurement system, provides a path for health and human services
organizations to evaluate where on the healthcare IT spectrum they
should focus their efforts, the value associated with that
strategic decision and a comparison with peer organizations
nationwide.
Netsmart Media:Kevin Allen913-226-5887kallen@ntst.com
About GI Partners Founded in 2001, GI Partners
is a leading middle market private equity firm based in San
Francisco. The firm currently manages over $12 billion in capital
commitments through private equity and real estate strategies for
recognized institutional investors across the globe. GI Partners’
private equity team is active in a number of key sectors, including
Technology, Media & Telecommunications, Healthcare, Retail
& Leisure, and Business & Financial Services. For more
information on GI Partners and its entire portfolio, please visit
www.gipartners.com.
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