Allscripts will acquire patient-engagement software company HealthGrid in a $60 million cash deal, the EHR vendor announced Thursday.
Chicago-based Allscripts will bring HealthGrid's tools into its FollowMyHealth patient-engagement platform to give providers a new way to connect with patients outside of the patient portal, according to Allscripts.
After completing the acquisition, Allscripts will add more tools to the platform, including appointment confirmations and post-discharge surveys. It will also add tools to help providers fulfill regulatory requirements.
"It advances our EHR-agnostic approach," Jim Hewitt, Allscripts solutions development executive vice president, said in a statement. "You don't have to have an Allscripts EHR to make this work."
In addition to the cash payout, Allscripts tacked on $50 million in target-based earn-out payments for HealthGrid.
Allscripts also released its first-quarter financial results on Thursday. The company posted $514 million in revenue in the quarter, up 24% over a year ago, but a net loss of $39.8 million, compared with a loss of $20 million in the year-ago quarter.
An edited version of this story can also be found in Modern Healthcare's May 7 print edition.
