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Greenway Medical Technologies


Greenway Medical Technologies

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Greenway Medical Technologies and Vitera Healthcare Solutions to Combine. Greenway Medical Technologies, Inc. (NYSE: GWAY) today announced a definitive agreement which will result in the combination of the businesses of Greenway and Vitera Healthcare Solutions, LLC. The transaction will create a leader in healthcare information technology and services, offering a comprehensive set of solutions to improve clinical and financial outcomes in healthcare enterprises, ambulatory practices, public health, retail and other clinics nationwide. Following the closing of the transaction, the Vitera and Greenway businesses will serve nearly 13,000 medical organizations and 100,000 providers.

Under the terms of the agreement, Vista Equity Partners, which owns Vitera Healthcare Solutions, will pay Greenway stockholders $20.35 in cash for each share of Greenway common stock they hold. The price represents a 62% premium to Greenway€™s 90-day volume weighted average stock price, and a 20% premium to Greenway€™s closing share price the day before the merger agreement was signed. The all-cash transaction is valued at approximately $644 million. The Greenway Board of Directors has unanimously approved the definitive merger agreement. Upon closing, Greenway will operate as a privately held company.

€œWe are pleased to approve this agreement and look forward to completing this transaction,€ said W. Thomas €œTommy€ Green, founder of Greenway Medical Technologies and Chairman since the company€™s inception in 1998. €œIt provides substantial cash value for our stockholders, and reflects our deep commitment to drive innovation that helps healthcare professionals succeed and thrive in today€™s evolving healthcare landscape.€

Greenway will continue to have headquarters and principal operations in Carrollton, GA, Tampa, FL and Birmingham, AL.

€œWe are excited that the transaction will accelerate the execution of our clearly defined strategy of leading the electronification of healthcare, engaging consumers in the management of their own health and continuing to partner with providers to develop the tools to improve population health,€ said Tee Green, President and CEO of Greenway. For more information http://www.greenwayhealth.com/practice/

Contact Address100 Greenway Blvd. Carrollton, GA 30117 United States
Phone NumberNA
CategoryHealth IT Services

Listing ID: 10558303bd87e83a

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