Qualcomm-backed Practice Fusion has agreed to an acquisition by Allscripts, having once been touted for an IPO that would have valued it at $1.5bn.
Practice Fusion, a US-based electronic medical record platform backed by mobile chipmaker Qualcomm, yesterday accepted a $100m acquisition offer from healthcare technology producer Allscripts.
Founded in 2005, Practice Fusion operates a cloud-based electronic health records database aimed at small and independent doctors’ surgeries. The platform currently supports five million patient visits across 30,000 practices each month.
The purchase price marks a significant loss in valuation for Practice Fusion and could still change, with the figure being “subject to adjustment for…
