Allscripts to sell budgeting, analytics business Epsi to Strata for $365M

Allscripts announced July 30 that Strata Decision Technology will obtain its health care decision analytics and budgeting business Epsi for $365 million.

” This arrangement is a triple win for EPSi consumers and Allscripts investors as it permits us to efficiently recirculate capital, increase our focus on our core companies, and bring our EPSi consumers the benefit of ongoing financial investment under extremely strong and brand-new ownership,” Allscripts CFO Rick Poulton stated in the news release.

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Jackie Drees –
Thursday, July 30th, 2020

The deal is anticipated to close later on this year, subject to regulatory approval and traditional closing conditions. The 2 business will continue to operate individually until the offer closes, when Epsis client base and partners will then transition to Strata.

” By bringing these 2 exceptional companies together, we believe that we can build one of the most important business in assisting to resolve the greatest issue in healthcare: the cost of it,” stated Dan Michelson, CEO of Strata. “Our focus will be to speed up development to offer broader and much deeper services to help our clients, deliver the greatest service levels in the market, and produce the extremely best location to operate in healthcare.”.

Epsi offers financial decision assistance and planning tools for hospitals and health systems while Strata uses a cloud-based monetary analytics platform for healthcare financial preparation and decision support. The software application companys consumer base consists of more than 220 healthcare shipment systems.

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