Digital health company NantHealth announced that it signed an agreement with Allscripts to sell the electronic health record (EHR) vendor its provider/patient engagement assets.
In a press release, NantHealth said the deal was part of a series of methodically analyzed actions to “focus the business on its core competencies of artificial intelligence and be the leading cancer company driving 21st century delivery of care. By selling its provider/patient engagement assets to Allscripts, NantHealth says it will integrate the remaining engineering teams to focus on cancer.
The consider for the sale of assets includes the conveyance of 15 million NantHealth shares previously purchased by Allscripts, the company said. Between synergies and the transfer of some number of personnel to Allscripts together with NantHealth’s internal consolidation, headcount will be reduced by approximately 300 staff.
The transaction comes just days after Allscripts acquired McKesson’s health IT business for $185 million and Allscripts announced record bookings in the second quarter of 2017 with $407 million, up 12 percent from the same quarter in 2016.
