After enduring intense scrutiny--and months of rumors about its future--software vendor Misys Healthcare has put a stake in the ground, selling its hospital division and returning its focus to ambulatory care. Misys, a division of British firm Misys plc, is divesting itself of two key assets, selling its EMR business to Reston, Va.-based QuadraMed Corp. for $33 million and its diagnostic systems business for $381.5 million to private equity firm Vista Equity Partners.
Misys created the Hospital Systems division in 2001, but ran into problems over the years, problems which helped to prompt the resignation of CEO Tom Skelton in January. Misys still serves 110,000 physicians in 18,000 locations through its electronic records and practice management systems.
To learn more about Misys' plans:
- read this Triangle Business Journal article
- read this Health Data Management piece
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Misys CEO quits in light of 'unacceptable' financials. Report