According to Healthcare IT News (which is published in partnership with HIMSS):
Allscripts, makers of electronic health records for physician practices will buy healthcare information technology company Eclipsys, which provides technology for hospitals and clinicians. The all-stock deal is valued at $1.3 billion.
According to Allscripts, the merger will:
- Form one company with the industry's largest network of clients on one product platform, resulting in a single patient record
- Make for a combined client base that includes 180,000 physicians, 1,500 hospitals and 10,000 post-acute organizations
- Reduce Misys ownership in Allscripts through share buyback and secondary offering
- Be accretive to Allscripts non-GAAP earnings starting in calendar year 2011