CPSI enters post-acute EHR market with Healthland buy
Summary
The cash-and-stock deal gives CPSI an entrée into the post-acute health IT market because Healthland owns American HealthTech, a Ridgeland, Mississippi-based company it bought in 2013. Healthland, known as Dairyland Healthcare Solutions prior to 2008, is headquartered in Minneapolis, but retains a presence in rural Glenwood, Minnesota, where it was founded in 1980. Rycan’s software-as-a-service offerings mesh with publicly traded CPSI’s TruBridge unit, which provides business, consulting and managed IT services, the acquiring company said. “As the healthcare industry transitions to value-based reimbursement, our combined solutions will connect communities, patients and providers to facilitate more effective population health management, better patient engagement and the advancement of quality and care coordination.” CPSI said it would continue to support Healthland’s Classic and Centriq EHR platforms, the latter for at least seven years. Chairman David Dye will take on an extra role, chief growth officer, and TruBridge President Chris Fowler was given the additional title of COO of CPSI, which includes responsibility for integrating Healthland.
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