On March 2, 2022, Allscripts Healthcare Solutions (NASDAQ: MDRX), commonly known as "Allscripts", has announced its decision to sell the net assets of its Hospitals and Large Physician Practices business segment to N. Harris Computer Corporation ("Harris"), a subsidiary of Constellation Software Inc. (TSX: CSU). This segment includes various solutions such as Sunrise™, Paragon®, Allscripts TouchWorks®, Allscripts® Opal, STAR™, HealthQuest™, and dbMotion™. However, the Allscripts Veradigm business segment is excluded from this deal and remains under Allscripts' ownership.

Paul M. Black, CEO of Allscripts, emphasized the changing needs of the medical industry and expressed confidence that this transaction will benefit clients, associates, shareholders, and ensure continued focus and growth in digital health. He also praised Harris for its expertise in software development and customer satisfaction in healthcare, seeing this sale as aligning with Harris' aim to become a leader in digital health.

The transaction is valued up to $700 million in cash. This includes a fixed payment of $670 million at closing, plus a potential additional $30 million contingent on the business's performance over the next two years. The completion of the deal is subject to regulatory approvals and standard closing conditions, with an expected closure in the second quarter.

Harris CEO Jeff Bender expressed admiration for Allscripts' franchise, seeing Harris as an ideal permanent home for its employees and customers. He looks forward to starting a new chapter with Harris, focusing on serving healthcare professionals and improving lives in the community.