secwatch / observer
8-K filed January 17, 2024, 6:59 PM ET ticker TBRG CIK 0001169445
M&A confidence high sentiment neutral materiality 0.75

CPSI divests American HealthTech to PointClickCare for $25M; net cash ~$21.41M

TruBridge, Inc.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

TruBridge, Inc. entered into Stock Purchase Agreement – Sale of American HealthTech, Inc. with PointClickCare Technologies USA Corp. valued at Base Cash Consideration of $25 million, with net closing payment of approximately $21.41 million (effective 2024-01-16).

Action
entry
Agreement
asset purchase
Counterparty
PointClickCare Technologies USA Corp.
Value
Base Cash Consideration of $25 million, with net closing payment of approximately $21.41 million
Effective
2024-01-16
Exact text from the filing
On January 16, 2024, Computer Programs and Systems, Inc. (the “Company”) entered into a Stock Purchase Agreement (the “Purchase Agreement”), by and among the Company, PointClickCare Technologies USA Corp., a Delaware corporation (“Buyer”), Healthland Inc., a Minnesota corporation and an indirect, wholly-owned subsidiary of the Company (“Healthland” and, together with the Company, the “Seller Parties”) and American HealthTech, Inc., a Mississippi corporation (“American HealthTech”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

TruBridge, Inc. amended Third Amendment to Credit Agreement with Regions Bank valued at Modified Consolidated EBITDA add-backs for earn-out consideration, cost savings, SEC investigation c (effective 2024-01-16).

Action
amendment
Agreement
credit facility
Counterparty
Regions Bank
Value
Modified Consolidated EBITDA add-backs for earn-out consideration, cost savings, SEC investigation c
Effective
2024-01-16
Exact text from the filing
On January 16, 2024, the Company entered into a Third Amendment (the “Third Amendment”) to the Amended and Restated Credit Agreement, dated as of June 16, 2020 (as amended, the “Credit Agreement”), by and among the Company; certain subsidiaries of the Company, as guarantors (collectively, the “Subsidiary Guarantors”); Regions Bank, as administrative agent and collateral agent; and various other lenders from time to time.
View on SEC.gov

Browse all material agreements →

TruBridge, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-24-008957
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.