Dynamic Healthcare M&A Database

Acquiring Party	Misys Healthcare LLC, a provider healthcare IT products for ambulatory, acute and post-acute settings, as a well as departmental systems, practice management systems and EDI connectivity and electronic medical records.
Transferring Party	Allscripts Healthcare Solutions (Nasdaq: MDRX), a provider of healthcare information technologies, including electronic health records, e-prescribing, document imaging solutions and connectivity products.
Sector	Data Management/ Healthcare IT
Date	March 19, 2008
Analysis Combines Misys' strength in Practice Management and Allscripts’ strength in Electronic Health Records creating a single company to serve about 150,000 physicians and 700 hospitals in the U. S. Deal terms -- $330m for a 54.5% position. The combined company expects to achieve annual pre-tax cost synergies of $15-$30m, with top line benefits from cross-selling.
The Walden Group is a leading healthcare investment banking firm specializing in mergers, acquisitions and strategic transactions. It also invests its own funds and, together with its expert operational partners, provides value-added services to help special companies reach critical milestones. This information is copyright © 2004-2007 The Walden Group, Inc. This information is provided as a service to the public but remains the intellectual property of The Walden Group, Inc and may not be reproduced in any manner without the written permission of The Walden Group, Inc. The information contained in the transactions table was derived from publicly available and other sources. Transaction analysis and other information are based, in part, upon public comments, Walden Group research and judgments, and reporting and research of others. The information is not intended to be relied upon as pronouncements by the transaction participants or for any other reason.

Dynamic Healthcare M&A Database - 1Q08