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.

Register or login for access to this item and much more

All Health Data Management content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access