CPSI to Buy Healthland Holding and Affiliates

Computer Programs and Systems (CPSI; Mobile, AL, USA) has signed an agreement to buy Healthland Holding (Minneapolis, MN, USA) and its affiliates, Healthland, American HealthTech, and Rycan Technologies for USD 250 million.

The transaction is intended to strengthen CPSI's capabilities in providing healthcare information solutions to community healthcare organizations, including 1,200 combined hospital customers. The transaction will also introduce CPSI to the post-acute care market by expanding the products and capabilities of its subsidiary TruBridge, which provides healthcare solutions to community hospitals.

Healthland offers electronic health records (EHR) and clinical information management solutions to more than 350 hospital customers; American HealthTech provides clinical and financial solutions in the post-acute care sector, serving 3,300 skilled nursing facilities; and Rycan Technologies is focused on providing software as a service (SaaS) -based revenue cycle management workflow and automation software to 290 hospital customers.

“Healthland's history tracks a very similar course to that of CPSI, as we both have over 30 years of experience in the healthcare IT space, and we share a strong commitment to the improvement of community healthcare,” said Boyd Douglas, president of CPSI. “Together, we will service a client base of approximately 1,200 acute care facilities and more than 3,300 post-acute care facilities, including Healthland's American HealthTech subsidiary.”

“With the ongoing transformation in community healthcare, this combination will enable us to deliver solutions faster for our clients and better scale our development investment and customer support across the many communities we serve,” said Chris Bauleke, CEO of Healthland. “Delivering meaningful solutions for our customers as they prepare for the transition into value-based payment models will continue to be a priority.”

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