McDermott Steers Allscripts' $1.35B Deal With WellSky

Law360 (October 14, 2020, 2:58 PM EDT) -- Allscripts Healthcare Solutions Inc. said Tuesday it has sold off its health care coordination software company CarePort Health to community care technology company WellSky Corp. to strengthen its focus on personalized care, in a $1.35 billion deal guided by McDermott Will & Emery LLP.

The transaction with Kansas-based WellSky, which is owned by private enquiry firm giants TPG Capital and Leonard Green & Partners, calls for Chicago-based Allscripts to pay $1.35 billion for CarePort, which helps hospitals and post-acute care providers coordinate patient transfers to different facilities.

Allscripts said the price tag is over 13 times CarePort's revenue during the trailing 12...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!