Investment firms Carlyle Group, Blackstone Group and TPG Capital have submitted second-round offers to acquire Allscripts, the Reuters news service reports.
Citing four unnamed sources, Reuters says the bids were submitted on Nov. 9, a day after Allscripts reported weak financial results for the third quarter, blamed in part on uncertainty about the company’s future. The investment firms did not comment on the report, but the sources say they remain in due diligence and any decisions remain weeks away.
Reuters also reports that some other buyout firms, including Bain Capital, will not pursue Allscripts because of its high price expectations and management turmoil.
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