Please ensure Javascript is enabled for purposes of website accessibility
Home / Industry / Health Care / Eagle Dream Health to be acquired in a $26 million deal

Eagle Dream Health to be acquired in a $26 million deal

Eagle Dream Health Inc. is to be acquired by Calif.-based NextGen Healthcare Information Systems LLC in a roughly $26 million all cash deal, officials announced Tuesday.

Eagle Dream Health is a health care software analytics company based at 300 Trolley Blvd. in Gates. It employs 28 people in Rochester. The employees will remain with the company under the deal. NextGen Healthcare Information Systems employs 2,900 people.

“As a physician myself, I founded EagleDream Health to make it easier for physicians to receive digestible, data-driven insights that can optimize practice performance,” said Betty Rabinowitz M.D.. EagleDream Health CEO, in a statement. “By aligning our robust analytics platform with NextGen Healthcare, we can greatly accelerate innovation in the ambulatory and acute care markets to improve the overall health of patients while also increasing practice profitability.”

NextGen Healthcare is a wholly owned subsidiary of Quality Systems Inc. The firm specializes in electronic record software.

The transaction is slated to close this quarter.

“NextGen Healthcare is committed to ensuring our clients can effectively navigate and achieve success within a transforming marketplace,” said Rusty Frantz, president and CEO of NextGen Healthcare. “EagleDream Health’s sophisticated analytics platform is a catalyst to unlock additional value for our clients, providing a depth of clarity and context that empowers doctors to provide the highest quality of care, regardless of where they are on the continuum from fee-for-service to value-based care.”

The plan is  to keep the company in Rochester, but the firm anticipates moving to a larger space and hiring more staffers in the forthcoming months. The name of the combined company is still under discussion, officials said.

Follow Kerry Feltner on Twitter: @KerryFeltner

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email [email protected].

x

Check Also

Home of the University of Rochester's Optics Institute, celebrating its centennial in 2022.

UR’s Optics Institute celebrates centennial with $12 million alumni challenge fund (access required)

The University of Rochester’s Institute of Optics is eyeing growth as it prepares to celebrate its centennial largely due to ...

Best Places to Work For DEI honorees announced (access required)

The Rochester Business Journal has announced the honorees for the inaugural Best Places to Work For DEI awards. This regional ...

Aaron Judge’s record home run pursuit introduces new generation to Roger Maris

I’ve been torn lately as my long-lost youth has clashed with modern-day inevitabilities. There’s a part of me that didn’t ...

Flaum Management Co., Inc., plans to reposition the 105,000-square-foot building in the plaza at 1180 Jefferson Rd. for retail, office or light manufacturing

Flaum buys Jefferson Road plaza for $9.425 million (access required)

After at least two decades as the landlord of the plaza at 1180 Jefferson Road, Flaum Management Co., Inc., has ...

Trillium Health has been recognized by the American Heart Association and American Medical Association for its commitment to improving blood pressure control rates, earning the silver level recognition as part of the Target: BP initiative

Trillium Health recognized nationally for its work in one area (access required)

Trillium Health has been recognized by the American Heart Association and American Medical Association for its commitment to improving blood ...