Allscripts entered into a definitive agreement to acquire HealthGrid for $60 million in cash, plus up to $50 million in earnout payments, April 27, according to a U.S. Securities and Exchange Commission filing.
Under the agreement, Allscripts will integrate HealthGrid's functions into its FollowMyHealth patient engagement platform, Allscripts confirmed May 3. HealthGrid, a developer of mobile patient engagement platforms, enables providers to reach patients using existing contact information, without requiring them to sign up for a patient portal.
The acquisition will support providers using Allscripts' FollowMyHealth platform to stay connected with patients across the continuum of care, including pre-care, point-of-care and post-care settings. Following the acquisition, Allscripts plans to introduce functions related to appointment confirmation, waitlist notification and post-discharge surveys.
Allscripts officials expect to complete the acquisition during the second quarter of 2018, subject to customary closing conditions.
"Engaging consumers in their own health is critical to achieving a healthier tomorrow, and enabling meaningful connections between patients and providers is a crucial piece of fostering successful healthcare delivery," Jim Hewitt, solutions development executive vice president at Allscripts, said in a May 3 statement.