Misys Healthcare Systems, a healthcare information technology company specializing in clinical, financial and patient-care software, has announced plans to sell its diagnostic systems business to the San Francisco-based private equity firm Vista Equity Partners.
Misys will sell its diagnostics systems business to Vista Equity Partners for $381.5 million in cash, according to Misys spokesman Brian Bogie of Schwartz Communications. The transaction calls for Vista to take ownership of the Raleigh, N.C., companys diagnostic portfolio, including its Misys and commercial laboratories, clinical financial products and stand-alone systems for radiology and pharmacy departments. The divesture will allow Misys to focus more on building its ambulatory-care business, said Roger Davenport, executive vice president and general manager of Misys Healthcare Systems, in a news release.
Under the agreement, the diagnostic systems business will continue operating as a stand-alone business with no interruption of day-to-day services to hospitals and other healthcare customers, according to the Misys news release. -- by Shawn Rhea