- Allscripts has signed a definitive deal to sell its OneContent EHR management solution to Hyland Software, according to a recent Allscripts press release.
The deal is expected to close in the second quarter of 2018 once customary closing conditions are satisfied, the announcement explained.
“Hyland’s content and image management solutions address the clinical, financial and operational needs of healthcare organizations around the world,” stated Allscripts representatives in the release. “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.”
Allscripts acquired OneContent along with other solutions including Paragon EHR in 2017 through its acquisition of McKesson’s enterprise information solutions (EIS) in a $185 million deal. The OneContent client base and its associates will transition to Hyland when the deal is finalized. Until the deal closes, Hyland and OneContent will operate independently.
“Hyland has world-class content and image management solutions, and OneContent is a great fit within their portfolio,” said Allscripts President Rick Poulton. “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.”
Allscripts has not revealed the price of the deal.
In January, Allscripts acquired Practice Fusion EHR in a $100 million cash deal in an effort to further its influence in the ambulatory EHR market. Practice Fusion’s EHR solutions will complement Allscripts existing ambulatory EHR portfolio as an affordable option for under-served clinicians in small and individual physician practices.