Athenahealth To Acquire RazorInsights - Quick Facts

(RTTNews) - athenahealth, Inc. (ATHN), a provider of cloud-based services and mobile applications for medical groups and health systems, said it would acquire RazorInsights, a leader in cloud-based electronic health record or EHR and financial solutions for rural, critical access and community hospitals.

By uniting the strengths and resources of athenahealth and RazorInsights, the combined entity is positioned to introduce new cloud-based services tied to the delivery of clinical and financial results for rural, critical access and community hospitals.

In addition to positioning athenahealth to serve a new segment of the health care market, the firm expects this acquisition to accelerate its work to advance connectedness across the care continuum.

athenahealth plans to leverage RazorInsights' inpatient expertise and award-winning technology to extend its presence into the 50-bed-and-under inpatient care environment, which accounts for around one-third of the U.S. hospital market.

This move builds upon athenahealth's established position in the ambulatory space, where it serves more than 59,000 health care providers.