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Allscripts closes acquisition of HealthGrid

CHICAGO, May 21, 2018 (GLOBE NEWSWIRE) -- Allscripts (MDRX), a global leader in healthcare technology, today announces that it has closed its acquisition of HealthGrid Holding Company. HealthGrid is a leading mobile, enterprise patient engagement solution that has helped independent providers, hospitals and health systems dramatically improve patient interactions and satisfaction. The acquisition represents a significant expansion of the Allscripts FollowMyHealth® platform, the company’s patient engagement solution focused on connecting consumers with providers.

Allscripts will integrate the HealthGrid capabilities into its FollowMyHealth platform, enabling provider organizations to reach 100% of their patient populations without requiring their healthcare consumers to sign into a portal. The new functionality will leverage existing patients’ contact information, grow the use of FollowMyHealth, connecting providers with patients, creating opportunities to reach new heights of patient outreach and engagement.

Raj Toleti, CEO, HealthGrid says, “We are excited about this new chapter in our pursuit of bringing leading patient engagement technologies to market. Unparalleled solutions that improve the patient-provider relationship for our customers remains our highest priority.”

“The growing adoption of value-based care combined with only relatively modest patient portal adoption across the industry has prompted healthcare providers to seek more effective approaches to patient engagement solutions,” said Allscripts Chief Executive Officer, Paul M. Black.  “Put simply, consumer engagement is a top-of-mind challenge for CEOs and leaders of healthcare provider organizations of all sizes. HealthGrid, when integrated with FollowMyHealth, will provide the broadest reach of pre-encounter, encounter and post-encounter patient engagement opportunities in the entire industry. We’re thrilled to expand our platform for patients to be engaged, informed and connected throughout their care experience. This is a crucial ingredient in our vision of open connected communities of health.”   

About Allscripts

Allscripts (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 Health™. Connectivity empowers caregivers to make better decisions and deliver better care for healthier populations. To learn more, visit www.allscripts.com, Twitter, YouTube and It Takes A Community: The Allscripts Blog.

© 2018 Allscripts Healthcare, LLC and/or its affiliates. All Rights Reserved.

Allscripts, the Allscripts logo, and other Allscripts marks are trademarks of Allscripts Healthcare, LLC and/or its affiliates. All other products are trademarks of their respective holders, all rights reserved. Reference to these products is not intended to imply affiliation with or sponsorship of Allscripts Healthcare, LLC and/or its affiliates.

For more information contact:

Investors:

Danielle Protexter
312-386-6779
danielle.protexter@allscripts.com

Media:

Concetta Rasiarmos
312-447-2466
concetta.rasiarmos@allscripts.com

Forward-Looking Statements

This press release contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact or pattern. Forward-looking statements can also be identified by the use of words such as "future," "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "will," "would," "could," "can," "may," and similar terms. Forward-looking statements are not guarantees of future performance. Actual results could differ significantly from those set forth in the forward-looking statements, and reported results should not be considered an indication of future performance. Certain factors that could cause our actual results to differ materially from those described in the forward-looking statements include, but are not limited to: the possibility that expected benefits of our acquisition of Health Grid may not materialize as expected; the expected financial contribution and results of the Health Grid business; the successful integration of the Health Grid business; and the anticipated and unanticipated expenses and liabilities related to the acquisition and the acquired Health Grid business.  Additional information about these and other risks, uncertainties, and factors affecting Allscripts business is contained in Allscripts filings with the Securities and Exchange Commission, including under the caption "Risk Factors" in the most recent Allscripts Annual Report on Form 10-K, in subsequent Form 10-Qs and in our Form 8-K regarding the pending Health Grid acquisition to be filed with the Securities and Exchange Commission under the heading "Forward-Looking Statements and Risk Factors."  Except as required by law, Allscripts does not undertake to update forward-looking statements to reflect changed assumptions, the impact of circumstances or events that may arise after the date of the forward-looking statements, or other changes in its business, financial condition or operating results over time.