MDRX - Allscripts to sell CarePort Health business for $1.35B

Allscripts (MDRX) to sell its CarePort Health business to WellSky, a global health and community care technology company.The agreed sale price is $1.35B, which represents a multiple of greater than 13 times CarePort’s 12-month trailing revenue and 21 times its non-GAAP adjusted EBITDA.CarePort is included in Allscripts Data, Analytics and Care Coordination reporting segment and represents approximately 6% of Allscripts consolidated revenues.Transaction expected to close before year end.“Together with CarePort, WellSky will establish new, meaningful connections between historically disparate settings of care. We have the exciting opportunity to bring care coordination to more providers in service of delivering more informed, personalized care,” said Bill Miller, CEO of WellSky.Press Release

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Allscripts to sell CarePort Health business for $1.35B