GI Partners to Acquire Netsmart Technologies
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FBR Sees Netsmart as Strong Asset; Affirms Allscripts (MDRX) at 'Market Perform'
March 23, 2016 10:01 AM EDTFBR & Co. affirms Allscripts Healthcare Solutions (Nasdaq: MDRX) at Market Perform after the company announced that it had formed a joint venture with GI Partners to acquire Netsmart Technologies.
Analyst Steven Halper commented, Allscripts will contribute its legacy homecare software and $70 million... More
Allscripts (MDRX) Offers Additional Detail on M&A Agreement, Joint Venture with GI Partners
March 23, 2016 8:18 AM EDTAllscripts (Nasdaq: MDRX) disclosed the following on Wednesday:
Item 1.01 Entry into a Material Definitive Agreement
Contribution Agreement
On March 20, 2016, Allscripts Healthcare Solutions, Inc., a Delaware corporation (Allscripts), entered into a Contribution and Investment Agreement (the Contribution Agreement) with GI Netsmart Holdings LLC, a Delaware limited liability company (GI), Andrews Henderson LLC, a Delaware limited liability company (Henderson), and Nathan Holding LLC, a Delaware limited liability company (the JV).
On March 17, 2016, Allscripts formed the following entities as... More
