On December 10, 2018, Allscripts Healthcare Solutions, Inc. announced it signed a definitive agreement to sell its interests in Netsmart Technologies, Inc. to private equity firms TA Associates and GI Partners. Allscripts anticipates that the transaction will net after-tax proceeds of approximately $525 million. The sale is anticipated to close by the end of the fourth quarter of 2018, after the satisfaction of customary closing conditions. The full transaction price has not been disclosed.
Prior to the sale, GI Partners' portfolio included 23 companies, covering a variety of industries including cryogenics; health care service provider organizations; financial and baking . . .