CPSI Acquires Viewgol, A Provider Of Ambulatory Revenue Cycle Management Analytics And Complementary Outsourcing Services; Purchase Price Is $36M In Cash, With An Additional Earnout Of Up To $31.5M
Portfolio Pulse from Benzinga Newsdesk
CPSI has acquired Viewgol, a provider of ambulatory revenue cycle management analytics and outsourcing services, for $36M in cash. An additional earnout of up to $31.5M is also part of the deal. Viewgol is expected to generate a GAAP net income of approximately $1.5 million and Adjusted EBITDA of approximately $4.5 million in 2024.
October 16, 2023 | 8:09 pm
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POSITIVE IMPACT
CPSI's acquisition of Viewgol could potentially enhance its revenue stream and broaden its service offerings. The deal is expected to contribute to CPSI's net income and EBITDA in 2024.
The acquisition of Viewgol by CPSI is a strategic move that could potentially enhance CPSI's revenue stream and broaden its service offerings. Given that Viewgol is expected to generate a GAAP net income of approximately $1.5 million and Adjusted EBITDA of approximately $4.5 million in 2024, this acquisition could contribute positively to CPSI's financial performance in the future.
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