Hospital software vendor to enter LTPAC software market

Community hospital software vendor Computer Programs and Systems, Inc. (CPSI) has entered into a definitive agreement to acquire Healthland Holding Inc. and its affiliates for $250 million.

“We are excited to welcome Healthland into CPSI’s family of healthcare IT companies,” says CPSI president and chief executive officer Boyd Douglas in a press release. “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.”

Healthland provides electronic health records (EHR) and clinical management software for more than 350 rural and critical access hospitals. Affiliate American HealthTech provides EHR to more than 3,300 skilled nursing facilities. Post-acute care facilities are a new market for CPSI.

 “In addition to an expanded client and solution base, the acquisition will also create synergies in our healthcare services offerings to address the acute and post-acute care markets’ demand for improved financial and operational performance,” Douglas says.

Healthland acquired American HealthTech in 2013.

Topics: Technology & IT