Two major health information technology players will combine as physician software vendor Allscripts has announced a definitive agreement to purchase hospital vendor Eclipsys Corp. for $1.3 billion in stock.
The companies believe that combining will best position them to take advantage of increased buying of electronic health records systems spurred by the meaningful use incentive payments in the American Recovery and Reinvestment Act. The goal of the combination is to create a single platform of clinical, financial, connectivity and medical content information systems, enabling one company to deliver a single patient record to hospitals and physicians. "Our vision and the vision behind ARRA is to leverage information technology to create collaboration between providers in all care settings, helping to improve the quality and lower the cost of care," says Allscripts CEO Glen Tullman.
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