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.
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