Allscripts, Misys clear antitrust hurdle

CHICAGO The clinical software company Allscripts has announced that its merger deal with Misys Healthcare, a software applications company, has passed one hurdle by clearing the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.

The deal was announced back on March 18 and it was said then that the new company, Allscripts-Misys Healthcare Solutions would have a client base of 150,000 physicians.

Under the terms of the agreement, which were approved by the board of directors of both companies, Misys Healthcare will be merged with a wholly-owned subsidiary of Allscripts, and Misys Plc, the owner of Misys Healthcare, will contribute $330 million in cash to Allscripts, for which it will receive shares representing a 54.5 percent ownership position in the combined company.