Allscripts Jumps After Accord to Sell CarePort for $1.35 Billion

Allscripts  (MDRX) – Get Report shares jumped after the company said it definitively agreed to sell its CarePort Health business to WellSky for $1.35 billion. 

The sale price reflects a 13-times multiple of CarePort’s trailing-12-month revenue. 

The division’s solutions help hospitals and post-acute-care facilities manage patients as they make transitions to different levels of care. 

CarePort, employing 200, represents about 6% of Allscripts’ consolidated revenue.

The agreement “unlocks significant value for our shareholders, enables us to increase our focus on our core business and brings our CarePort customers the benefit of continued investment under new and very strong ownership,” Allscripts Chief Financial Officer Rick Poulton said in a statement.

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