Eclipsys to Acquire MediNotes
Atlanta-based Eclipsys Corp. and MediNotes Corp. of West Des Moines, Iowa announced a plan for Eclipsys to buy MediNotes. Eclipsys provides integrated clinical, revenue cycle and business process software, while MediNotes produces a practice management and EMR solution. Eclipsys says the buy will help position its company in the clinic and physician practice market to expand, but not replace its current solution portfolio.According to Eclipsys, the corporation will pay a total of approximately $45 million in the transaction, consisting of 39 percent cash and 61 percent Eclipsys common stock, in exchange for the acquisition of MediNotes.
The transaction is expected to close within approximately 30 days.