Bloomberg is reporting that Allscripts is considering a leveraged buyout and has received first-round bids from private-equity firms including Blackstone Group LP Carlyle Group LP and Silver Lake Management LLC.
According to the article, Allscripts is reportedly looking to go private after a board shakeup and a legal fight with its second-biggest shareholder this year. They will be looking for second-round offers within three to four weeks, said the people, who asked to remain anonymous because the discussions are private.
In other Allscripts news EMR Thoughts is reporting that Allscripts has begun informing VARs that their MyWay EHR will be going away in the not too distant future. According to the article “Allscripts plan is to discontinue MyWay and try and move those users to Allscripts Professional. The migration of the data seems like it will be free, but it doesn’t seem that Allscripts has yet indicated whether they’ll tack on an extra fee for the more expensive Allscripts Pro product.”
These must be uneasy times the Allscripts customer base, especially those who are unfortunate enough to be running their My Way product. This will be an interesting story to watch.