Hyland to acquire the Enterprise Content Management unit of Streamline Health Solutions.

Hyland, the developer of the enterprise content management and process management software, agreed to acquire the Enterprise Content Management unit of Streamline Health Solutions, a provider of integrated solutions, technology-enabled services and analytics supporting revenue cycle optimization for healthcare enterprises. Financial terms were not disclosed. "We firmly believe the future market opportunity for software and services designed to help healthcare providers deal with the challenges they face in the middle of their revenue cycle is greater than the replacement market for our legacy solutions. Velocity comes through laser focus on primary objectives and upon closing of this transaction, the net proceeds will enable Streamline Health to retire all existing bank debt and become a fast-growing entrepreneurial company with approximately $9 to $10m on our balance sheet to amplify support of our eValuator solution," Tee Green, Streamline Health President and Chief Executive Officer.