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Allscripts has announced plans to acquire the Enterprise Information Solutions division of McKesson, which operates its hospital and health system information technology business.
Under the agreement, Allscripts will pay $185 million in cash to McKesson, with the final amount to be subject to adjustments for net debt and working capital. The transaction is expected to close in the last three months of 2017, subject to customary closing conditions, including the expiration or termination of the waiting period under antitrust laws.
Allscripts executives say the company will pay for the purchase through its existing secured credit facilities and cash balances.
The move culminates a nearly year-long effort by McKesson to exit the...