Allscripts announces strategic acquisitions of dbMotion and Jardogs
Transactions solidify leadership position in population health management, care coordination and consumer engagement across communities.
Physicians, caregivers and consumers benefit with EHR-neutral, open solutions for a community-based, individually-coordinated health platform
CHICAGO and NEW ORLEANS, March 5, 2013 /PRNewswire/ -- Allscripts acquired dbMotion, Ltd., a leading supplier of community health solutions and Jardogs LLC, the top-rated patient engagement solution provider, both privately held.
Combined with the existing Allscripts Community solution, these new capabilities deliver comprehensive care coordination and population health management across acute, ambulatory, and home care systems.
These acquisitions advance Allscripts' strategy to offer full integration of heterogeneous systems across the care continuum, enabling solutions for a Connected Community of Health™. Leading healthcare organizations, such as Sharp Healthcare, Orlando Health, and Phoenix Children's Hospital have embraced these solutions to gain actionable insights from data to improve their medical decision-making and overall population outcomes.
dbMotion provides a strategic platform for care coordination and population health management that integrates discrete patient data from diverse care settings, regardless of IT supplier, into a single patient record. It provides a longitudinal clinical data repository with semantically normalized patient data, point of care tools, a physician portal, population tools and an analytics gateway. This reduces the cost of care delivery and enables better physician-to-physician care coordination.
The Jardogs FollowMyHealth™ patient engagement platform enables patients to actively participate in their care, critical for at-risk populations, and empowers consumers with the solution they need to monitor and optimize health status. It also provides seamless workflow integration between patients, physicians and other caregivers, including secure health messaging, prescription re-ordering, bill paying and scheduling of appointments.
"Healthcare physicians and other caregivers need improved care coordination, and these platform technologies put us in a leadership position to deliver on our vision for population health management through our Connected Community of Health™," said Paul M. Black, President and Chief Executive Officer of Allscripts. "Inclusive of these acquisitions and our research and development plan, we will invest approximately $500 million in 2013 to develop the solutions our clients and the market need to deliver individualized quality care across communities.
"By solidifying our open connectivity strategy and strengthening our patient engagement offerings, we will accelerate information sharing and population health management, enabling better care," Black continued. "dbMotion serves as the digital key to unlock the open exchange of critical patient information across disparate systems."
Allscripts' acquisition is a natural evolution of a strategic partnership that began in 2009 and was strengthened in 2011 when Allscripts made an equity investment in the company. Since then, Allscripts has become the largest integrator of dbMotion technology, a key component of the Allscripts Connected Community of Health™. Today, 370 hospitals and 2,800 clinics use dbMotion technology globally.
"We share Allscripts' vision to create an open, EHR-neutral, connected community of health," said Yuval Ofek, Chairman and Chief Executive Officer, dbMotion. "We look forward to accelerating our mission to impact industry-wide interoperability and to deliver solutions that support new value-based payment models and improve the health of populations."
Allscripts acquired dbMotion for approximately $235 million in total consideration. This consists of $145 million in cash, $50 million of Allscripts common stock and $40 million in cash via a note payable, due within 18 months. Allscripts will fund the transaction with existing cash and borrowings under its revolving credit facility.
Jardogs offers cloud-based patient and consumer engagement technology that enables communication and collaboration between physicians, caregivers, and medical consumers.
"Improved alignment between FollowMyHealth™ and the Allscripts platforms will benefit clients and patients," said Jim Hewitt, Chief Executive Officer. "We're very excited about connecting patients to their physicians and communities as an integrated extension of Allscripts platform."
Additional benefits resulting from these transactions include control of core strategic platform technologies, improved and consistent client experience as well as the benefit of direct sale economics, including incremental license software margin as well as professional services, hosting and subscription fees.
The Allscripts Board of Directors approved both transactions, unanimously. On an earnings per share basis, Allscripts expects the transactions to be slightly dilutive in 2013 and accretive in 2014.
Allscripts (NASDAQ: MDRX) delivers the insights that global healthcare Physicians and other caregivers need to generate world-class outcomes. The company's Electronic Health Record, practice management and other clinical, revenue cycle, connectivity and information solutions create a Connected Community of Health™ for physicians, hospitals and post-acute organizations. To learn more about Allscripts, visit www.allscripts.com, Twitter, and It Takes A Community: The Allscripts Blog.
dbMotion™ provides an innovative connected healthcare solution that integrates patient information from disparate health information technologies and delivers it to clinicians at the point of care. Harmonizing health information across the enterprise and throughout the community, the dbMotion interoperability solution semantically organizes volumes of data, allowing Physicians and other caregivers to easily access and manage information within familiar workflows. The dbMotion solution bridges clinical settings to facilitate seamless transitions of care and nurture referral relationships. Built on an SOA platform, dbMotion combines health data to present a 360-degree view of the patient's health status to facilitate better care and disease management, and to prepare organizations for healthcare reform. This robust solution has been implemented in the world's most demanding healthcare IT environments since 2001.
Jardogs is a leading provider of patient engagement and health management solutions. With its award-winning technology, Jardogs is increasing the availability of information in everyday lives, while creating new paths of interaction among patients, Physicians and other caregivers and communities. Jardogs solutions are helping healthcare organizations across the nation increase efficiency and improve business outcomes.
© 2013 Allscripts Healthcare, LLC. All Rights Reserved.
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SOURCE Allscripts Healthcare Solutions, Inc.