Strata Decision Technology to acquire EPSi from Allscripts for $365M

Chicago — (Business Wire) — Strata Decision Technology (Strata), a top provider of cloud-based financial planning, analytics and performance tools for healthcare, today announced that it has reached a definitive agreement to acquire EPSi from Allscripts (NASDAQ: MDRX) for $365 million.

EPSi is a leading provider of financial decision support and planning tools for hospitals and health systems.

The combination of Strata and EPSi will bring healthcare providers a set of innovative solutions and services to help them better plan, analyze and perform in support of providing care in the communities that they serve, according to Strata.

The transaction is expected to close later this year, subject to regulatory approval and customary closing conditions. Allscripts has owned the EPSi business since it acquired Eclipsys, Inc. in 2010. Upon closing of the transaction, the EPSi customer base and associates will transition to Strata. The two companies will operate independently until the deal closes.

RBC Capital Markets, LLC served as Allscripts’ exclusive financial advisor in connection with the sale of EPSi and Zeigler served as financial advisor to EPSi management.

For more information on Strata Decision Technology, visit stratadecision.com.

To learn more about Allscripts, visit allscripts.com.