Healthcare DIVE March 3, 2022
- Health IT vendor Allscripts is selling its hospitals and large physician practices business segment to Canada-based Harris Computer Corporation, a subsidiary of holding company Constellation Software, for up to $700 million in cash, the companies announced Wednesday.
- The segment includes much of Allscripts’ legacy EHR business, and assets that make up roughly three-fifths of the Chicago-based company’s total revenue. Allscripts is selling Sunrise, Paragon, Touchworks, Opal, Star, HealthQuart and Db Motion. All together, those businesses accounted for $928 million in 2021.
- The sale, which leaves Allscripts with its Practice Fusion, Professional and Veradigm segments, is meant to focus the company’s offerings, CEO Paul Black said. It’s expected to close in the second quarter of this year.