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Allscripts completes acquisition of privately held healthcare technology company

Allscripts Healthcare Solutions Inc. has completed the acquisition of privately held HealthGrid Holding Co., an Orlando, Fla.-based healthcare technology company.

The Chicago-based healthcare technology company said it will integrate HealthGrid's capabilities into its consumer engagement platform, named FollowMyHealth, which will enable provider organizations to reach 100% of their patient populations without requiring their healthcare consumers to sign into a portal.

Under the agreement, Allscripts agreed to pay $60 million in cash plus up to an aggregate of $50 million in earnout payments based on HealthGrid achieving certain revenue targets during the next three years operating as a wholly owned subsidiary.