Francisco Partners-backed Healthland to be acquired by CPSI
November 30, 2015
Healthland, a portfolio company of Francisco Partners, will be acquired by Computer Programs and Systems (NASDAQ: CPSI) for a total consideration of $250 million in cash and stock. The deal, which includes Healthland affiliates American HealthTech and Rycan Technologies, is targeted to close this year. Healthland provides integrated technology solutions to rural community and critical access hospitals. The combined company of CPSI and Healthland is projected to have annual revenues of roughly $300 million in 2015. Francisco Partners acquired Healthland in 2007.