Allscripts Healthcare Solutions (Libertyville, IL) signed a deal to acquire its rival Eclipsys Corp (Boca Raton, FL) in a $1.3 billion all-share deal, to create a leader in electronic healthcare records. Eclipsys shareholders will receive 1.2 Allscripts shares for each share that they hold. The combined company’s client base will include over 180,000 doctors, 1,500 hospitals and nearly 10,000 nursing homes.
The acquisition will enable Allscripts to better access $30 billion in federal funds for the adoption of electronic healthcare records. Eclipsys CEO Phil Pead will become chairman of the combined company. Misys Healthcare Systems (Raleigh, NC) will cut its 55 percent stake in Allscripts to approximately 10 percent and sell about 68 million Allscripts shares via placement and through buybacks by Allscripts to raise over $1.3 billion. It will return money to its shareholders via a tender offer. Misys intends to focus on its banking software business.
This past Saturday, April 18th, Medical Device Depot sponsored Adam Zilberbaum in his pledge to swim 60 laps to benefit breast cancer research!
MammoJam is a non-profit organization dedicated to promoting breast cancer awareness, prevention, diagnosis, and treatment programs through artistic and live music performances. They work with local organizations to provide diagnostic and treatment services for uninsured and homeless women in the Baltimore area. Check out their website for details and to donate to their cause – http://mammojammusicfestival.org/
Adam completed a little more than a mile in just over 31 minutes – wow! We’re proud of his dedication to breast cancer awareness.
Medical Device Depot would like to wish all of our customers and vendors a happy, safe holiday season and a wonderful new year. We look forward to another great year and appreciate the opportunity to serve you again in the future!
John, Marlee, Hope, and the rest of the staff at Medical Device Depot