Quality Systems, a developer and marketer of practice management software and EHRs, has agreed to acquire cloud-based software company HealthFusion.
Here are four things to know about the transaction.
1. Quality Systems will acquire San Diego-based HealthFusion for $165 million plus potential contingent consideration of up to $25 million.
2. The contingency consideration is based on the generation of $43 million in HealthFusion product revenues during calendar year 2016.
3. The transaction, subject to customary closing conditions, is expected to close by March 31.
4. HealthFusion offers the cloud-based MediTouch platform, which is used by more than 3,000 physician practices, hospital ambulatory centers and medical billing services.