Allscripts Healthcare Solutions is selling the net assets of its Hospitals and Large Physician Practices business to Constellation Software subsidiary N. Harris Computer Corporation for a price consideration of up to $700 million in cash.

The sale includes Sunrise Paragon, Allscripts TouchWorks, Allscripts Opal, STAR, HealthQuest and dbMotion solutions. The Allscripts Veradigm business segment and the interventional portfolio are not included in the deal and will remain under Allscripts, reported Healthcare IT News.

The company will pay Harris $670 million upon completion of the deal and a contingency consideration of up to $30 million based on how well the business performs over the following two years.

“The medical industry we faithfully serve has gone through tremendous change, and the needs of the customers in our different business segments continue to evolve in different ways. We think this transaction maximizes focus as well as future opportunity for our clients, our more than 7,500 associates and our shareholders,” said Paul Black, Allscripts chief executive officer, in a statement.

Allscripts’ Opal technology is a digital health record software used by over 100 hospitals in Australia, while dbMotion provides clinicians access to patient data through disparate EHR systems, according to Healthcare IT News. Sunrise, Paragon and TouchWorks are also EHR platforms designed to be used by a range of different organizations, including community health systems.

The motivation to sell stems from the business shrinking over the past two years, with Allscripts expecting it to continue to do so this year, reported Crain’s Chicago Business.

Harris, meanwhile, says it has had its eye on the Hospitals and Large Physician Practices franchise for years and believes it will fit right in with the company. “We believe that we are the perfect forever home for the many talented employees and loyal customers that are the backbone of the franchise. We are excited to begin the next chapter in our Harris story, continuing to serve those who serve us in the communities where we live, by partnering with healthcare professionals to deliver care that improves lives.”

While Veradigm is not part of the sale, it recently entered into a new partnership with the Social Security Administration, which administers social security retirement and disability benefits. The agency will now be able to request medical records electronically through Veradigm’s network when it processes disability applications, according to Modern Healthcare.

It is expected to speed up the release of these records from weeks to minutes and reduce manual administrative burdens on providers in the company’s network.

Allscripts previously sold its healthcare informatics business, 2bPrecise last summer to AccessDx. 2bPrecise helps providers aggregate genetic and genomic data from EHRs and use this information to provide point-of-care insights to identify patients at risk for heritable conditions, make quicker diagnoses and enhance precision medicine initiatives.

Another EHR company recently sold is athenahealth, by Veritas Capital and Evergreen Coast Capital to affiliates of Bain Capital and Hellman & Friedman for $17 billion. The deal provides customers of the latter two companies with access to the athenaOne cloud platform, which offers modules designed to address patient engagement, revenue cycle, telehealth, payments, population health and value-based care management.

The deal with Harris is subject to regulatory approval and customary closing conditions.

It is expected to be completed during the second quarter of 2022.