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Veradigm

American company

Veradigm Inc. (formerly Allscripts Healthcare Solutions, Inc.) is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record (EHR) technology. Veradigm also provides products for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has products in 2,700 hospitals and 13,000 extended care organizations. The company formally changed its name from Allscripts to Veradigm in January 2023.

01History

Allscripts was founded in 1981 and is headquartered in Chicago, Illinois. An additional key operations' office is located in Raleigh, North Carolina.

In 2008, Allscripts merged with the healthcare systems operations of its rival, Misys. In 2010, Allscripts-Misys merged with another healthcare information technology competitor, Eclipsys, in a $1.3 billion deal, merging patient records, to create the industry's largest network of clients.

In 2015, Allscripts acquired the California medical billing company CHMB Inc. 2017, Allscripts acquired the patient-engagement assets of NantHealth.

Allscripts acquired McKesson's healthcare IT business on August 3, 2017., which included McKesson properties such as Per-Se Technologies, Enterprise Solutions, and HBO & Company.

In 2020 Allscripts executed two major divestment moves. In October, Allscripts sold its EPSi business, a provider of financial decision support and planning tools for hospitals and health systems, to Strata Decision Technology for $365 million. Later, in December 2020, Allscripts closed the sale of its care coordination business, CarePort Health, to Wellsky for $1.35 billion.

On January 3, 2023, Allscripts announced a corporate name change to Veradigm.

On February 29, 2024 Veradigm was suspended from the Nasdaq Stock Market due to non-compliance with listing rules. The company had failed to file its Annual Report for the year ended December 31, 2022 or its Quarterly Reports on for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023. The Company was also noncompliant with Nasdaq Listing Rules requiring companies listing common stock to hold an annual meeting of stockholders no later than one year after the end of the company’s fiscal year.

02Acquisitions

In March 2013, Allscripts acquired dbMotion, Ltd., a developer of system interfaces and data analytics tools, and Jardogs LLC, a developer of a personal health record.

In July 2014, Allscripts acquired the London-based Oasis Medical Solutions to incorporate its leading Patient Administration System into its Allscripts Sunrise clinical system to make a single Electronic Patient Record solution.

In 2018 Allscripts acquired Practice Fusion.

In 2019, Allscripts acquired ZappRx, a Boston-based prescription drug startup, which provides an online platform used by patients, physicians, and pharmacists for the management of specialty medications.

04Ransomware attack

On January 18, 2018, Allscripts was hit with a ransomware attack. This caused a massive outage which lasted nearly a week and affected. The attack was a new strain of a known bug, SamSam. Since then, clients have filed a class action lawsuit alleging Allscripts should have taken better steps to protect their data.

Watch videos about VeradigmExplainers and documentaries on YouTube (opens in a new tab)

Sources and credits

This article is adapted from the Wikipedia article Veradigm, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.

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