Computer Programs and Systems (CPSI) has signed an agreement to acquire Healthland Holding and its affiliates, Healthland Inc, American HealthTech and Rycan Technologies, for around $250m.

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The acquisition will enhance CPSI’s capabilities in providing healthcare information solutions to community healthcare organizations, including around 1,200 combined hospital customers.

Healthland offers electronic health records (EHR) and clinical information management solutions to around 350 hospital customers.

American HealthTech provides clinical and financial solutions in the post-acute care sector, serving around 3,300 skilled nursing facilities.

Rycan is involved in providing SaaS-based revenue cycle management workflow and automation software to around 290 hospital customers.

The combined company is expected to report annual revenues of around $300m in 2015.

CPSI president and CEO Boyd Douglas said: "Healthland’s history tracks a very similar course to that of CPSI, as we both have over 30 years of experience in the healthcare IT space, and we share a strong commitment to the improvement of community healthcare.

"Together, we will service a client base of approximately 1,200 acute care facilities and more than 3,300 post-acute care facilities, including Healthland’s American HealthTech subsidiary."

Healthland CEO Chris Bauleke said: "With the ongoing transformation in community healthcare, this combination will enable us to deliver solutions faster for our clients and better scale our development investment and customer support across the many communities we serve."

Subject to customary closing conditions, the deal is expected to complete by the end of this year.

CPSI, which includes two subsidiaries Evident and TruBridge, provides healthcare solutions to the community hospitals.


Image: CPSI to acquire Healthland and its affiliates Healthland Inc, American HealthTech and Rycan Technologies. Photo: courtesy of adamr / FreeDigitalPhotos.net.