Clinical software and information solutions company Allscripts has acquired hospital care management and discharge planning software company Extended Care Information Network for $90 million in cash to strengthen its healthcare delivery system.
Allscripts said that on the completion of the acquisition, it will have one of the largest installed bases of care management clients in the country with about 700 hospitals and one of the largest networks of post-acute care facilities.
Extended Care Information Network (ECIN) is privately-held company with a client base of about 400 hospitals and 5,000 post-acute care facilities. ECIN said that its web-based software-as-a-service solutions automate and streamline the care management process in hospitals.
Allscripts said that according to a recent survey by the American Care Management Association, less than 20% of hospitals have automated their discharge planning. The company added that the federal government has proposed the automation of Medicare patient information exchanged between hospitals and the providers to whom they refer discharged patients.
Under the terms of the agreement, the company has created a hospital solutions group under Jeff Surges, chief executive of ECIN. The company added that the new business unit will provide a suite of products and services by combining ECIN with its emergency department information systems and Canopy, its existing care management solution.
This is the company’s first acquisition since March 2006, when it acquired A4 Health Systems for $215 million to expand its product portfolio by including integrated practice management solution.
Source: ComputerWire daily updates
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