M&A Deal Summary

Veradigm Acquires ChannelHealth

On July 14, 2000, Veradigm acquired information technology company ChannelHealth from IDX Systems for 197M USD

Acquisition Highlights
  • This is Veradigm’s 1st transaction in the Information Technology sector.
  • This is Veradigm’s 3rd largest (disclosed) transaction.
  • This is Veradigm’s 1st transaction in the United States.

M&A Deal Summary
Date 2000-07-14
Target ChannelHealth
Sector Information Technology
Buyer(s) Veradigm
Sellers(s) IDX Systems
Deal Type Divestiture
Deal Value 197M USD

Target

ChannelHealth

United States
ChannelHealth provides a set of Internet-based clinical and productivity solutions for physicians that brings the power of the Internet to the practice of medicine.

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Buyer(S) 1

Buyer

Veradigm

Chicago, Illinois, United States

website

Category Company
Founded 1986
Sector Information Technology
Employees8,000
Revenue 1.5B USD (2021)
DESCRIPTION

Veradigm is a provider of healthcare information technology solutions that advance clinical, financial and operational results. Veradigm was incorporated in 1986 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 16
Sector (Information Technology) 1 of 10
Type (Divestiture) 1 of 2
Country (United States) 1 of 12
Year (2000) 1 of 1
Size (of disclosed) 3 of 7
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-08-01 Advanced Imaging Concepts

Louisville,, Kentucky, United States

Advanced Imaging Concepts, Inc. offers IMPACT.MD, a Windows-based computerized patient records software system, which serves as a repository for the patient-related paper that flows around an organization, such as phone messages and office notes.

Buy -

Seller(S) 1

SELLER

IDX Systems

Burlington, Vermont, United States

website

Category Company
Founded 1969
Sector Information Technology
Employees2,409
DESCRIPTION

IDX Systems Corp. provides information technology solutions to maximize value in the delivery of healthcare, improve the quality of patient service, enhance medical outcomes, and reduce the costs of care. Our systems are deployed to serve approximately 150,000 physicians and are installed at over 3,400 customer sites, including more than 850 group practices and approximately 370 integrated delivery networks servicing more than 500 hospitals.

DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 2
Country (United States) 1 of 2
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-03-26 Phamis

Seattle, Washington, United States

Phamis offers IT systems to doctors' practices, hospitals and other medical providers.

Buy $147M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-03 Spheris

Franklin, Tennessee, United States

Spheris, Inc. is a provider of outsource medical transcription services to acute-care hospitals and group medical practices.

Sell -
Mergr

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