The merger of two healthcare information technology companiesa healthcare subsidiary of U.K-based Misys and Chicago-based Allscripts Healthcare Solutionshas been approved by Allscripts shareholders, the company announced today. More than 97% of the Allscripts shares that were voted were cast in approval of the merger, the company said in a news release. In addition, shareholders at a Misys extraordinary general meeting also held today approved the merger between Misys Healthcare Systems and Allscripts, the release said.
Under terms of the deal, Misys paid $330 million and provided its healthcare division, Misys Healthcare Systems, to the new company to be called Allscripts-Misys Healthcare in return for a 54.5% ownership stake in the new firm, according to Todd Stein, senior manager/public relations for Allscripts. Shares of the merged company will continue to trade on the Nasdaq exchange under the Allscripts symbol MDRX, Stein said. -- by Joseph Conn