Allscripts to Sell OneContent Business to Hyland

AllscriptsAllscripts (NASDAQ:MDRX) has signed a definitive agreement to sell its OneContent business to Hyland Software, Inc., a leading provider of content services solutions to the healthcare industry and beyond. The deal is expected to close in the second quarter once customary closing conditions are satisfied.

Allscripts acquired the OneContent business in late 2017 through the acquisition of McKesson's EIS portfolio. Upon transaction close, the OneContent client base and associates will transition to Hyland. The two companies will operate independently until the deal closes.

Hyland's content and image management solutions address the clinical, financial and operational needs of healthcare organizations around the world. We expect that Hyland will continue to support OneContent customers' current solutions while enhancing the platform with new features and functionality, and refining the integration with Allscripts' EHR systems.

"Hyland has world-class content and image management solutions, and OneContent is a great fit within their portfolio," Allscripts President Rick Poulton said. "This deal is a triple win for Allscripts clients and shareholders as it allows us to efficiently recirculate capital; allows us to focus on our core businesses and allows us to maintain our strong, exciting partnership with Hyland."

Houlihan Lokey acted as the exclusive financial advisor to Allscripts in connection with the sale of OneContent.

About Allscripts

Allscripts (NASDAQ:MDRX) is a leader in healthcare information technology solutions that advance clinical, financial and operational results. Our innovative solutions connect people, places and data across an Open, Connected Community of HealthTM. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations.

Most Popular Now

Apple Health Records Available for Allsc…

Allscripts (NASDAQ: MDRX) announced that Apple Health Records is now available for Allscripts Sunrise™, TouchWorks® and Professional EHR™ clients and their patients. Health Records brings together hospitals, clinics and the...

Philips Signs Agreement to Create Taiwan…

Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that Taipei Veterans General Hospital (TPVGH) will utilize the Philips IntelliSite Pathology Solution to transform its...

Robotic Thread is Designed to Slip throu…

MIT engineers have developed a magnetically steerable, thread-like robot that can actively glide through narrow, winding pathways, such as the labrynthine vasculature of the brain. In the future, this robotic...

St Helens and Knowsley Advance with Ambi…

St Helens and Knowsley Teaching Hospitals NHS Trusthas successfully gone live with System C’s CareFlow Vitals as part of its ambitious strategy to accelerate digitisation and become a digital exemplar...

Machine Learning Improves the Diagnosis …

Researchers from Charité - Universitätsmedizin Berlin and the German Cancer Consortium (DKTK) have successfully solved a longstanding problem in the diagnosis of head and neck cancers. Working alongside colleagues from...

Experimental Validation Confirms the Abi…

Insilico Medicine, a global leader in artificial intelligence for drug discovery, today announced the publication of a paper titled, "Deep learning enables rapid identification of potent DDR1 kinase inhibitors," in...

Using a Smartphone to Detect Norovirus

A little bit of norovirus - the highly infectious microbe that causes about 20 million cases of food poisoning in the United States each year - goes a long way...

Computer Model could Help Test New Sickl…

A team of Brown University researchers has developed a new computer model that simulates the way red blood cells become misshapen by sickle cell disease. The model, described in a...

The Future of Mind Control

Electrodes implanted in the brain help alleviate symptoms like the intrusive tremors associated with Parkinson's disease. But current probes face limitations due to their size and inflexibility. "The brain is...

Medical Informatics Europe Conference 20…

28 April - 1 May 2020, Geneva, Switzerland. The European Federation of Medical Informatics (EFMI) presents the 30th Medical Informatics Europe conference (MIE) at the Geneva International Conference Center (CICG). This...