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Allscripts to Sell Its Medication Services Business to A-S Medication Solutions, Sign Joint Marketing Agreement
Date:3/9/2009

Company to Announce Fiscal Third Quarter Results on April 2, 2009

CHICAGO, March 9 /PRNewswire-FirstCall/ -- Allscripts-Misys Healthcare Solutions, Inc. ("Allscripts") announced today that it has signed a definitive agreement to sell its Medication Services business to A-S Medication Solutions ("A-S Medications").

(Logo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO)

The transaction, which is anticipated to generate total consideration for Allscripts of $26 million including income from a joint marketing agreement, is expected to close in the company's fiscal fourth quarter, subject to customary closing conditions.

The Allscripts Medication Services business provides point-of-care medication management and medical supply services and solutions for physicians and other healthcare providers.

Under terms of the agreements, Allscripts will receive $8 million in the fourth quarter, and $3.6 million per year for the next five years in return for providing sales and marketing services to A-S Medications. Allscripts will continue to offer medication services to its existing and future clients during that time, and is entitled to receive commissions on new sales generated under the marketing relationship.

The transaction will allow Allscripts to increase the focus on its core business of providing clinical software, connectivity and information solutions to the 160,000 physicians, more than 700 hospitals, and over 7,000 extended care facilities the company serves.

"The sale of our medications business is an important step that will enable Allscripts to concentrate our resources at a time when electronic health records and electronic prescribing have received a substantial boost from the economic stimulus law signed last month by President Obama
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SOURCE Allscripts-Misys Healthcare Solutions, Inc.
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