Report: Blackstone leads race for Allscripts | Wall Street Beat
Private equity firm Blackstone Group leads the pack pursuing a buyout of Allscripts, according to Reuters.
Citing 3 "people familiar with the matter," the news agency said a deal is "highly uncertain."
Blackstone has edged out Carlyle Group and TPG Capital Management so far but is "skeptical" that a deal can be struck, according to Reuters. That's because Allscripts, bedeviled by sliding earnings and increased competition from the likes of Cerner (NSDQ:CERN) and Epic Systems Corp., is still demanding a high premium.