Streamline Health Solutions, a publicly traded healthcare digital document manager, has completed its acquisition of Interpoint Partners.
Streamline Health completes Interpoint buy
The $5 million deal includes $2 million in cash and a convertible subordinated note, the company said in a news release announcing the deal.
The acquisition, plans for which were announced this week, also includes an additional potential payment based on Interpoint's financial performance. The contingent payment is tied to performance for the year that begins six months after the acquisition. Interpoint, based in Atlanta and founded in 2007, markets healthcare financial software. Streamline said Fifth Third Bank agreed to provide a $4.1 million two-year term loan.
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