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Tuesday, March 5, 2013

Allscripts buys Israel's medical software maker dbMotion-report, (NASDAQ: MDRX)

Allscripts Healthcare Solutions is acquiring Israeli healthcare software provider dbMotion for $235 million, the Calcalist financial news website said on Tuesday. U.S. Allscripts is the main distributor of dbMotion's products and both are partners in developing healthcare information sharing software.Allscripts, which sells systems that enable hospitals and physicians to share patient records electronically, has a market value of $2.15 billion.DbMotion has developed a healthcare information-sharing system that allows medical staff secured access to medical records through any of the sites on the network. For example, emergency room staff can view patients' medical records and history from health maintenance organisations and doctors that treated the patients.Officials at dbMotion were not available for comment.

Allscripts Healthcare Solutions, Inc. (Allscripts) is a provider of clinical, financial, connectivity and information solutions and related professional services to hospitals, physicians and post-acute organizations. Shares of MDRX remained unchanged at $12.57. In the past year, the shares have traded as low as $8.84 and as high as $19.23. On average, 3905400 shares of MDRX exchange hands on a given day and today's volume is recorded at 0.