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NextGen Healthcare has completed the acquisition of EagleDream Health Inc., a cloud-based analytics company that drives meaningful insight across clinical, financial and administrative data to optimize practice performance. EagleDream Health is headquartered in Rochester, NY. The acquisition was approximately $26 million.
“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 EagleDream Health CEO Dr. Betty Rabinowitz. “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.”
Local investors include Cranberry Capital, a group of successful entrepreneurs that love to build great ideas into great businesses. Arunas Chesonis (Founder, PAETEC) and Keith Wilson are Managing Partners at the firm, also located in Rochester.
With its vendor-agnostic platform for managing value-based care, EagleDream Health empowers organizations with intuitive analytics and actionable intelligence to achieve successful population health management. The acquisition will enable NextGen Healthcare to enhance the care experience and increase patient engagement for ambulatory clinics and health systems while reducing the per capita cost of healthcare and improving the work-life balance for clinicians and staff.
“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.” said Rusty Frantz, President and CEO of NextGen Healthcare.
* NextGen Healthcare Information Systems, LLC, a wholly subsidiary of Quality Systems, Inc. (NASDAQ: QSII)