Streamline Health Announces Signing of Definitive Asset Purchase Agreement With Interpoint Partners
Streamline Health Solutions, Inc. (Nasdaq: STRM) today announced it has signed a definitive asset purchase agreement with Atlanta-based Interpoint Partners, LLC.
Under the Agreement, Streamline Health will acquire Interpoint for a combination of cash and a convertible subordinated note totaling $5 million. Additionally, the Agreement provides for a contingent earn out payment in cash or convertible subordinated notes based on Interpoint's financial performance for the 12 month period beginning six months after closing and ended 12 months thereafter.
Closing of the Agreement is subject to standard closing conditions, including closing of a financing transaction. Details of the financing transaction will be forthcoming upon closing of the acquisition.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.