MDRX

Allscripts Healthcare Solutions Inc.

Healthcare


Presented:03/19/2013
Price:$13.75
Cap:$2.43B
Current Price:$9.23
Cap:$1.56B

Presented

Date03/19/2013
Price$13.75
Market Cap$2.43B
Ent Value$2.77B
P/E RatioN/A
Book Value$7.12
Div YieldN/A
Shares O/S176.54M
Ave Daily Vol3,920,000
Short Int2.38%

Current

Price$9.23
Market Cap$1.56B
Allscripts Healthcare Solutions, Inc. provides clinical, financial, electronic health records (EHR), connectivity, hosting, outsourcing, analytics, patient engagement, and population health products and services in the United States and Canada. It operates in three segments: Clinical and Financial Solutions, Population Health, and Managed Services. The Clinical and Financial Solutions segment provides integrated clinical software applications, financial and information solutions, and related installation and maintenance services, including EHR related software, financial and practice management software, related installation and training services, and electronic claims administration services. The Population Health segment engages in performance and care logistics, and population health strategic businesses that offer health management solutions, which enable hospitals, health systems, and accountable care organizations to connect, transition, analyze, and coordinate care across the care community. The Managed Services segment provides healthcare IT outsourcing solutions and remote hosting solutions, as well as professional services, such as implementation, consulting, education, and technical support. The company serves consumers, physicians, hospitals, governments, health systems, health plans, retail clinics, retail pharmacies, pharmacy benefit managers, and post-acute organizations. Allscripts Healthcare Solutions, Inc. was founded in 1986 and is headquartered in Chicago, Illinois.

Please note, this idea was updated on 11/6/2013 and can be read here: LONG — Allscripts Healthcare Solutions Inc (MDRX) (Update).

Highlights

Shares of MDRX have performed well year-to-date (up ~45%) after bottoming out in late 2012. The shares have had two trips below $10 in the past 12 months due to various missteps, but the presenter believes the company is now on the right path following its early 2012 board member issues and the ouster of CEO Glenn Tullman. He sees the potential for the company to earn $1.00 per-share in 2014 and possibly $1.25 in 2015 as system sales growth renews and cost cuts positively impact margins.

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Idea Discussion

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