Allscripts finalizes $1.35B CarePort Health sale
Posted on: Monday, January 4, 2021 By: KorchekStaff
Allscripts closed the $1.35 billion sale of its care coordination company CarePort Health to WellSky Dec. 31.
The Chicago-based EHR company inked the agreement with WellSky in October 2020 and plans to use the net after-tax proceeds of the sale to invest in its health IT solutions and support share repurchases.
CarePort provides post-acute outcomes management software to hospitals and ACOs and represented about 6 percent of Allscripts' consolidated revenues. The CarePort client base and associates will now transition to WellSky, which offers healthcare software for clinical areas including home health, hospice and blood management.