secwatch.observer — SEC 8-K summary
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Issuer:     TruBridge, Inc. (TBRG)
CIK:        0001169445
Form:       8-K
Filed at:   2023-10-17T23:59:59+00:00
Accession:  0001193125-23-257783
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CPSI acquires Viewgol for $36M cash plus up to $31.5M earnout
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- Purchase price $36M cash; earnouts up to $21.5M for 2024 EBITDA ≥$6M and up to $10M for offshore hires in India.
- Viewgol serves 38 ambulatory customers in 15 states; ~80% of workforce based offshore.
- CPSI funded deal with $41M draw on its existing senior secured revolving credit facility.
- Viewgol expected to generate ~$1.5M GAAP net income and ~$4.5M Adjusted EBITDA in 2024, excluding synergies.
- CPSI plans to update full-year 2023 guidance on its Q3 earnings call.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1169445/000119312523257783/0001193125-23-257783-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1169445/000119312523257783/d570178d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-257783

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer