Allscripts to get Practice Fusion for $100 million

Allscripts is having to pay $100 million for Practice Fusion within an acquisition that can help the electronic health records vendor further develop its big data and analytics abilities.

The purchase also gives Allscripts start up business, since 30,000 ambulatory practices presently use Practice Fusion’s cloud-based Electronic health record. That Electronic health record will “complement and complete” Allscripts’ ambulatory choices, based on an Allscripts news release.

“We expect to getting together the very best solutions from both companies,” stated Practice Fusion Chief executive officer Tom Langan.

Particularly, Allscripts uses Practice Fusion’s Electronic health record to take advantage of the small, independent physician practice market. Consequently, based on the release, individuals independent physicians may benefit from Allscripts’ existing choices.

Practice Fusion’s “cloud-based infrastructure aligns with Allscripts’ forward vision for solution delivery,” Allscripts President Ron Poulton stated inside a statement.

The purchase comes under six several weeks after Allscripts acquired McKesson’s hospital and health system business for $185 million. That deal similarly added an Electronic health record to Allscripts’ offerings—an addition that bending Allscripts’ Electronic health record footprint in U.S. health systems. The offer also gave Allscripts McKesson’s revenue cycle, lab analytics and content-management solutions.

Allscripts completed the McKesson acquisition within the third quarter of 2017, where the business’s revenue hit $449 million, up 15% over the prior year.

Allscripts declined to comment in the news.

Rachel Arndt became a member of Modern Healthcare in 2017 like a general assignment reporter. Her work has made an appearance in Popular Mechanics, Quarta movement, Fast Company, and elsewhere. She’s MFAs in nonfiction and poetry in the College of Iowa along with a bachelor’s degree from Brown.

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