Quality Systems to Acquire HealthFusion for $165M

QSI_logoQuality Systems, Inc. (NASDAQ: QSII), an Irvine, California-based company that develops and markets computer-based practice management, electronic health records and revenue cycle management applications along with connectivity products and services, is to acquire HealthFusion Holdings, Inc., a San Diego, Calif.-based provider of SaaS-based healthcare technology products, for $165m.

According to the deal, which is subject to customary closing conditions, Quality Systems can pay an additional up to $25m.

The acquisition will aim to accelerate cloud-based development and delivery of QSI/NextGen Healthcare core applications and elevate commitment to ambulatory services sector with addition of clients.

Founded in 1998, HealthFusion is a developer of web-based, cloud computing software for physicians, hospitals and medical billing services. Its cloud-based MediTouch® platform is currently used by over 3,000 physician practices, hospital ambulatory centers and medical billing services (totaling more than 6,000 subscribers).




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