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Allscripts to sell stake in hospital business unit for $700 million

by John R. Fischer, Senior Reporter | March 08, 2022
Business Affairs Health IT

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.

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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.

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