Quality Systems to buy Health Strategic Initiatives

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By AP
19 May 2008 @ 10:16 am EST

HORSHAM, Pa. - Medical records and billing software maker Quality Systems Inc. said Monday that it would acquire health care billing company Healthcare Strategic Initiatives of St. Louis.

Quotes

QSII

31.13

1.73

The agreement involves QSI's subsidiary NextGen Healthcare Information System Inc. Financial terms of the deal were not disclosed.

QSI said that the acquisition complements NextGen Healthcare's new NextGen Practice Solutions business, which provides physician offices with revenue management cycle service.

Shares of QSI rose 83 cents, or 2.5 percent, to $34.60 in morning trading.

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