Netsmart Adds HomeCare Accounting Solutions

Netsmart Adds HomeCare Accounting Solutions

Mergers and acquisitions in the Home Health & Hospice space are charging into 2018. Six deals were announced in the sector for the month of January, and more will likely turn up in the coming weeks. January’s total is already about half of the number of deals announced in this sector in the fourth quarter of 2017. It’s no surprise then that companies providing ancillary services to home health and hospice companies are seeing a surge in investor interest. Netsmart Technologies, jointly owned by Allscripts Healthcare Solutions (NYSE: MDRX) and GI Partners, has been building out front-office software solutions (think electronic health records) for providers in this area. Now... Read More »
Allscripts Adds Practice Fusion

Allscripts Adds Practice Fusion

Allscripts Healthcare Solutions (NASDAQ: MDRX) is back in buying mode. The healthcare technology company announced two deals back in August 2017, picking off McKesson’s (NYSE: MCK) hospital and health IT portfolio for $185 million, and then NantHealth’s (NASDAQ: NH) electronic health record (EHR) assets for an undisclosed price. This time, the target is Practice Fusion, a Silicon Valley startup focused on creating affordable certified cloud-based EHR systems for small, independent physician practices. As small as that market may seem, the company now supports 30,000 ambulatory practices and 5 million patient visits per month. The deal is a strategic one for Allscripts,... Read More »
Allscripts Adds Practice Fusion

Azalea Health Adds to its EMR Offerings

Digital health deals are on track to surpass 2016’s record 157 transactions. Through mid-October, 139 deals have been announced in this sector, targeting companies specializing in revenue cycle management, telemedicine and electronic medical records (EMRs). Just four companies have made more than one acquisition this year, indicating there are more buyers getting into digital health than leaving it. Among the four serial acquirers this year are Allscripts (NASDAQ: MDRX), Azalea Health, NextGen Healthcare Information (NASDAQ: QSII) and contract research organization PRA Health Sciences (NASDAQ: PRAH). Azalea Health is the only the privately held digital health company to announce two... Read More »

Netsmart Builds Out its Community Care Platform

Netsmart Technologies is expanding into long-term and post-acute care. The company announced its acquisition of HealthMEDX®, which develops electronic medical record (EMR) solutions for long-term and post-acute care providers, including continuing care retirement communities, assisted living, independent living, skilled nursing and home care providers. Netsmart Technologies provides post-acute electronic health records (EHRs) and technology for health and human services providers. It was acquired in March 2016 by a joint venture between Allscripts Healthcare Solutions and private equity firm GI Partners for $950 million. The addition of long-term care capabilities establishes Netsmart as... Read More »