Allscripts is paying $100 million for Practice Fusion in an acquisition that will help the electronic health records vendor further develop its big data and analytics capabilities.
The acquisition also gives Allscripts new business, since 30,000 ambulatory practices currently use Practice Fusion's cloud-based EHR. That EHR will "complement and round out" Allscripts' ambulatory offerings, according to an Allscripts news release.
"We look forward to bringing together the best solutions from both companies," said Practice Fusion CEO Tom Langan.
Specifically, Allscripts will use Practice Fusion's EHR to tap into the small, independent physician practice market. In turn, according to the release, those independent physicians will benefit from Allscripts' existing offerings.
Practice Fusion's "cloud-based infrastructure aligns with Allscripts' forward vision for solution delivery," Allscripts President Rick Poulton said in a statement.
The acquisition comes less than six months after Allscripts acquired McKesson's hospital and health system business for $185 million. That deal similarly added an EHR to Allscripts' offerings—an addition that doubled Allscripts' EHR footprint in U.S. health systems. The deal also gave Allscripts McKesson's revenue cycle, lab analytics and content-management solutions.
Allscripts completed the McKesson acquisition in the third quarter of 2017, during which the company's revenue hit $449 million, up 15% over the year before.
Allscripts declined to comment on the news.
