Overview
International law firm McDermott Will & Emery represented Computer Programs & Systems, Inc. (CPSI), a community healthcare solutions company, in its acquisition of Viewgol, a provider of ambulatory revenue cycle management analytics and complementary outsourcing services. Today, Viewgol provides RCM services and analytics software solutions to 38 customers in 15 states, representing over 20 different specialty practices.
Under the terms of the agreement, the purchase price is $36 million in cash, with an additional earnout of up to approximately $31.5 million based on a combination of achieving certain profitability metrics for 2024 and the creation of additional offshore resources supporting TruBridge.
CPSI’s software systems include patient management software that enables a hospital to identify a patient at various points in the healthcare delivery system, as well as to collect and maintain patient information throughout the process of patient care. The company also has a robust financial accounting software which offers business office applications to track and coordinate information needed for managerial decision-making. Additionally, CPSI provides clinical software that automates record keeping and reporting for various clinical functions, patient care applications and enterprise applications that support its products for use in various areas of the hospital.
The McDermott transaction team was led by Ann Marie Brodarick and John Tamisiea with invaluable assistance from Daniel Gottleib, Brandon Sarkauskas and Delaney Prunty.
Read CPSI’s press release here.
About McDermott
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