Francisco Partners Completes QuadraMed Deal | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Francisco Partners Completes QuadraMed Deal

March 22, 2010
by root
| Reprints

San Francisco’s Francisco Partners, a technology-focused private equity firms, has finalized its acquisition of Reston, Va.-based QuadraMed Corp.

QuadraMed says its common stockholders are entitled to receive $8.50 in cash for each share of common stock they own, and QuadraMed’s Series A Preferred Stockholders are entitled to receive $13.7097 per share for each share of QuadraMed’s Series A Preferred Stock owned, other than dissenting shares. As a result of the acquisition, QuadraMed says its common stock will no longer be listed for trading on the NASDAQ Global Market.

QuadraMed’s stockholders of record will receive a letter of transmittal and instructions on how to surrender their its shares in exchange for the acquisition consideration, and should wait to receive the letter of transmittal before surrendering their shares.



Anthem to Create Tech Center in Downtown Atlanta

Anthem has announced that its local Atlanta affiliate will build a new technology center downtown where 3,000 multidisciplinary IT professionals will work on innovative projects to help improve the consumer experience.

Healthcare Associations to Congress: Extend MACRA Flexibilities by Three More Years

Several prominent healthcare associations and medical societies have written a letter to leading members of the Committee on Energy and Commerce, proposing to continue current MACRA flexibilities for an additional three years.

HIMSS Issues “Call to Action” on Nationwide Interoperability

The Chicago-based Healthcare Information and Management Systems Society (HIMSS) has issued a “call to action” for the Department of Health and Human Services (HHS) and others to achieve nationwide interoperability.

Delaware’s Nemours Hospital Receives Stage 7 Designation

Nemours Alfred I duPont Hospital for Children, a pediatric hospital located in Wilmington, Del., has been recognized by HIMSS Analytics as a Stage 7 patient care organization.

Survey: Broad Usage of AI in Healthcare Still Two to Five Years Out

Roughly 48 percent of healthcare organizations currently use clinical intelligence solutions, but most healthcare organizations predict broad usage of artificial intelligence won’t happen for another two to five years, according to a HIMSS Analytics 2017 Essentials Brief.

KLAS: Providers’ Needs for Advanced Pop Health Solutions Ramp Up

Provider organizations’ needs in managing population health are as varied as the capabilities of the IT solutions designed to assist them, according to KLAS researchers following a new report.