SAN FRANCISCO, April 19, 2016 /PRNewswire/ -- GI Partners
("GI"), a leading middle market private equity firm, announced
today that it has completed the previously announced joint venture
acquisition of Netsmart Technologies, Inc. ("Netsmart"). GI
Partners acquired Netsmart in partnership with Allscripts
Healthcare Solutions, Inc. (NASDAQ: MDRX). The new joint venture is
merging Allscripts' homecare software business unit with
Netsmart.
Netsmart is the leading provider of software and technology
solutions designed especially for the health and human services
sector, enabling mission-critical clinical and business processes
including electronic health records, patient management, billing,
scheduling and clinical care delivery. Allscripts' homecare
business is a fully integrated system for both large and small home
care organizations, automating point of care processes as well as
patient intake and billing. The combination of Netsmart and
Allscripts' homecare business creates an electronic health record
leader in the human services and post-acute spaces with full
revenue cycle management and hosting capabilities.
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.
Contacts:
Chris Tofalli
Chris Tofalli Public Relations
914-834-4334
chris@tofallipr.com
Caroline Schimmelbusch
GI Partners Investor Relations
415-688-4800
caroline@gipartners.com
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SOURCE GI Partners