Allscripts sells care coordination company CarePort Health for $1.35B: 4 notes 

Jackie Drees –
Wednesday, October 14th, 2020
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Allscripts has actually formed an agreement to sell its care coordination company CarePort Health to WellSky for $1.35 billion, according to an Oct. 13 press release..

Four notes:.

1. CarePort, which offers post-acute results management software to healthcare facilities and ACOs, is included in Allscripts data, analytics and care coordination reporting section. Business represents about 6 percent of Allscripts consolidated revenues..

2. The deal is expected to close prior to completion of 2021; as soon as settled, the CarePort customer base and partners will shift to WellSky..

3. Allscripts expects the net after-tax earnings of the sale to be used to invest in its health IT services and assistance share repurchases..

4. WellSky provides health care software application for home blood, hospice and health management, among other medical areas..

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CarePort, which supplies post-acute outcomes management software application to acos and hospitals, is consisted of in Allscripts information, analytics and care coordination reporting sector. © Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this material?