Scott-Macon Advises Gennius in its Sale to Quality Systems
Gennius, a prominent healthcare software provider that automates analytics to support accountable care process delivery and risk management, has been acquired by Quality Systems. Quality Systems is publicly-traded with a market value of approximately $940 million, and provides computer-based practice management and electronic health records solutions primarily under the NextGen brand servicing over 85,000 physicians and dentists, which spans more than 4,000 group practice customers nationwide. Scott-Macon acted as Gennius's exclusive financial advisor in this transaction.
Gennius' data analytics engine embeds industry specifications as well as payer contract requirements into functionality that provides prioritized actionable insight into patient care, population health and Accountable Care Organizations (ACO) community performance. This includes computing and submitting measurement results for reporting programs, such as Meaningful Use, ACO, Group Practice Reporting Option and Physician Quality Reporting System.
About Quality Systems, Inc.Quality Systems, Inc. (NasdaqGS:QSII) and its NextGen Healthcare subsidiary develop and market computer-based practice management, electronic health records and revenue cycle management applications as well as connectivity products and services for medical and dental group practices and small hospitals.