Allscripts buys dbMotion for $235 million
CHICAGO (AP) — Health care information technology company Allscripts Healthcare Solutions Inc. said Tuesday it acquired two privately held companies.
Allscripts bought dbMotion Ltd. for $235 million, comprised of $145 million in cash, $50 million in stock, and a $40 million cash note that is due within a year and a half.
Allscripts said dbMotion provides a strategic platform that coordinates care and population health management, combining information from many IT sources into a single patient record. Its technology is used in 370 hospitals and 2,800 clinics. Allscripts has worked with dbMotion since 2009 and made an investment in the company in 2011.
It also acquired Jardogs LLC but did not disclose terms of that deal. Jardogs provides cloud technology that helps patients monitor their health and allows patients, physicians, and caregivers to stay in touch through secure messaging. Patients can also use its technology to re-order prescriptions, pay bills, and schedule appointments.
Allscripts said the two purchases will reduce its net income in 2013 but add to its income starting in 2014.
Shares of Allscripts rose 17 cents to $12.74 in midday trading.