News | April 28, 2008

Misys to Acquire 54 Percent of Allscripts' Stock

April 29, 2008 — Allscripts, a provider of clinical software, connectivity and information solutions, and Misys Healthcare LLC, a wholly owned subsidiary of Misys Plc, have signed a definitive merger agreement.

The transaction would enhance Allscripts position in the overall healthcare information technology sector and create an industry leader in the growing electronic health records (EHR) and practice management (PM) markets, said the company. The combined company will have a client base of approximately 150,000 U.S. physicians and 700 hospitals.

Under the terms of the agreement, which has been approved by the board of directors of both companies, Misys Healthcare will be merged with a wholly owned subsidiary of Allscripts, and Misys Plc will contribute $330 million in cash to Allscripts, for which it will receive shares representing a 54.5 percent ownership position in the combined company. Allscripts will pay a special cash dividend of $330 million, or approximately $4.90 per share, to Allscripts stockholders of record as of the last business day immediately prior to the closing of the transaction. Allscripts stockholders would retain the shares they currently own.
For more information: www.allscripts.com

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