03 Nov Quality Systems acquires HealthFusion
Opportunity to capitalize on joint successes both companies have achieved to date in the ambulatory market
Quality Systems, Inc. is building on its ambulatory-focused strategy with its recent acquisition of HealthFusion, a developer of cloud-based EHRs for physician practices.
Quality Systems, which less than two weeks ago sold off its NextGen Healthcare Hospital Solutions Division, announced Oct. 30 that it would acquire HealthFusion Holdings, Inc. for $165 million – with a potential additional contingency of up to $25 million.
HealthFusion is a Web-based software developer perhaps best-known for MediTouch platform, used by some 3,000 physician practices, ambulatory centers and medical billing services.
“We believe our SaaS-based healthcare technology products will prove beneficial to Quality Systems’ NextGen Healthcare service offering as the company advances its cloud solutions capabilities,” said Sol Lizerbram, MD, HealthFusion chairman, in a press statement.
“This acquisition presents significant opportunity to capitalize on the joint successes both companies have achieved to date in the ambulatory market segment,” he added.