Eclipsys acquires EPSi for $53M

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Eclipsys hopes the EPSi acquisition will enhance operational solutions. Source: Enterprise Performance Systems  

Eclipsys has acquired Enterprise Performance Systems (EPSi), a provider of business performance-improvement solutions for healthcare providers, which will add to Eclipsys' clinical, operational and financial performance-improvement solutions to help organizations manage the business of healthcare.

R. Andrew Eckert, the Atlanta-based Eclipsys president and CEO, said the “acquisition of EPSi reinforces our commitment to the financial decision support space."

Eclipsys said the addition of the St. Louis-based EPSi product suite will accelerate its timeline for delivering Microsoft’s SQL-based business decision support solution.

After the acquisition closed on Feb. 25, Eclipsys gained all of the issued and outstanding capital stock of EPSi from its former stockholders for a purchase price of approximately $53 million payable in cash at closing. The purchase is subject to certain holdback arrangements and working capital adjustments.