CPSI (NASDAQ:CPSI), a healthcare solutions company, today announced that the Company has divested its subsidiary, American HealthTech, Inc. (AHT), a leading provider of electronic health record (EHR) solutions to the post-acute care market, to PointClickCare. Based in Toronto, Canada, PointClickCare is a leading healthcare technology platform serving long-term and post-acute care providers across North America.
Chris Fowler, president and chief executive officer of CPSI, stated, "As part of our ongoing business transformation, we have made the decision to divest AHT and therefore discontinue development of the AHT product. We believe PointClickCare is an ideal partner for existing AHT customers due to PointClickCare's high level of service and exclusive focus on delivering EHR solutions for the post-acute care markets. PointClickCare and AHT share similar cultures and values, making this an ideal fit for AHT, its clients and employees. We are confident this transaction will benefit our post-acute clients and support their objective to continue to deliver the highest quality of care."
"With a more focused strategy, we can build upon our strong foundation and continue to pursue new market opportunities that deliver greater value to our clients, communities, and shareholders. We remain committed to supporting providers across the care continuum with our proven RCM and EHR solutions that improve the financial health of healthcare organizations, enhance the delivery of quality care, and promote engagement between providers and patients," added Fowler.