Allscripts and Eclipsys are merging in an all-stock transaction valued at approximately $1.3 billion.
Glen Tullman, CEO of Allscripts, will be the CEO of the combined company. Phil Pead, President and CEO of Eclipsys, will become Chairman of the combined company and, “on a full-time basis, will focus on key client and strategic relationships, product and process integration, strategy and the company’s international business.”
The Eclipsys Sunrise Enterprise and Performance Management solution for hospitals and the Allscripts portfolio of solutions for physician practices currently leverage common platforms, including Microsoft.NET and other advanced technologies. “This will accelerate the delivery of an integrated hospital and physician practice offering. The companies also share an ‘open architecture’ approach, simplifying the connection to third-party applications across every care setting, resulting in a single patient record,” the organizations stated.
The combined company’s client base will include over 180,000 U.S. physicians, 1,500 hospitals, and nearly 10,000 nursing homes, hospices, home care and other post-acute organizations.