Health IT is where the money is at. And that’s where the deals where on Wall Street today. Allscripts has agreed to purchase Eclipsys for $1.3 billion in an all-equity deal. This is a game changer in the health IT industry where major companies like GE, McKesson, Cerner and EPIC have carved deep territories.
Allscripts office-based IT platform will be a perfect complement to Eclipsys’ hospital IT business. The company is making a major move for its share in the nearly $30 billion derby for federal stimulus dollars. Whether it will be a match made in heaven still remains to be seen.
Eclipsys shareholders will receive 1.2 shares of Allscripts common stock.
