---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-008957"
form_type: "8-K"
ticker: "TBRG"
cik: "0001169445"
company_name: "TruBridge, Inc."
filed_at: "2024-01-17T23:59:59+00:00"
generated_at: "2026-06-06T22:26:15.140503+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Divested American HealthTech to PointClickCare for $25M base; net cash payout ~$21.41M after escrows and working capital adjustments. Closed Jan 16, 2024.
- CPSI to discontinue AHT product development; PointClickCare to serve existing AHT customers in post-acute market.
- Third Amendment to credit agreement permits add-backs for acquisition costs, synergy savings, and up to $1.25M of SEC investigation expenses.
- American HealthTech released from guarantee obligations under the credit agreement following the divestiture.

## SEC filing metadata
- accession: 0001193125-24-008957
- form_type: 8-K
- ticker: TBRG
- cik: 0001169445
- company_name: TruBridge, Inc.
- filed_at: 2024-01-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1169445/000119312524008957/0001193125-24-008957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1169445/000119312524008957/d611562d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-008957
- JSON: https://secwatch.observer/filing/0001193125-24-008957.json
- Plain text: https://secwatch.observer/filing/0001193125-24-008957.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169445/000119312524008957/0001193125-24-008957-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1169445/000119312524008957/0001193125-24-008957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.