GI Partners Closes Netsmart Technologies Transaction

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Apr 19, 2016, 04:12 ET

SAN FRANCISCO, April 19, 2016 /PRNewswire/ -- GI Partners ("GI"), a leading middle market private equity firm, announced today that it has completed the previously announced joint venture acquisition of Netsmart Technologies, Inc. ("Netsmart"). GI Partners acquired Netsmart in partnership with Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX). The new joint venture is merging Allscripts' homecare software business unit with Netsmart.

Netsmart is the leading provider of software and technology solutions designed especially for the health and human services sector, enabling mission-critical clinical and business processes including electronic health records, patient management, billing, scheduling and clinical care delivery. Allscripts' homecare business is a fully integrated system for both large and small home care organizations, automating point of care processes as well as patient intake and billing. The combination of Netsmart and Allscripts' homecare business creates an electronic health record leader in the human services and post-acute spaces with full revenue cycle management and hosting capabilities.

About GI Partners

Founded in 2001, GI Partners is a leading middle market private equity firm based in San Francisco. The firm currently manages over $12 billion in capital commitments through private equity and real estate strategies for recognized institutional investors across the globe. GI Partners' private equity team is active in a number of key sectors, including Technology, Media & Telecommunications, Healthcare, Retail & Leisure, and Business & Financial Services. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

Contacts:
Chris Tofalli
Chris Tofalli Public Relations
914-834-4334
[email protected]

Caroline Schimmelbusch
GI Partners Investor Relations
415-688-4800
[email protected]

SOURCE GI Partners