Home Transformation Mergers & Acquisitions Allscripts Files to Acquire HealthGrid

Allscripts Files to Acquire HealthGrid

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Allscripts has filed with the U.S. Securities and Exchange Commission (SEC) to acquire patient engagement firm HealthGrid for $60 million in cash, along with an aggregate $50 million in earnout payments based on HealthGrid’s revenue targets. Per the agreement, HealthGrid will continue to exist as a wholly-owned subsidiary. The deal is expected to close in the second quarter of 2018.

SEC filing available here, with reporting from Becker’s Health IT & CIO Report here.