MDRX (Update)
Allscripts Healthcare Solutions Inc.
Healthcare
11/11/2013
Presented
| Date | 11/06/2013 |
| Price | $14.44 |
| Market Cap | $2.55B |
| Ent Value | $3.02B |
| P/E Ratio | N/A |
| Book Value | $7.12 |
| Div Yield | N/A |
| Shares O/S | 176.54M |
| Ave Daily Vol | 1,400,000 |
| Short Int | 4.95% |
Current
| Price | $9.23 |
| Market Cap | $1.56B |
| Allscripts Healthcare Solutions, Inc. provides clinical, financial, connectivity, and information solutions and related professional services to hospitals, physicians, and post-acute organizations primarily in the United States and Canada. The company operates through Software Delivery, Services Delivery, Client Support, Pathway Solutions, and IT Outsourcing segments. It provides integrated clinical software applications for hospitals and health systems, which include Sunrise Enterprise suite of clinical solutions, comprising an acute care electronic health record (EHR) integrated with financial/administrative solutions, including performance management and revenue cycle/access management; and modules of the Sunrise suite that are available on a stand-alone basis, as well as additional stand-alone solutions, including emergency department information system, care management, and discharge management. The company's solutions for physician practices comprise integrated EHR and practice management functionality available either through on-premise delivery or through software-as-a-service; revenue cycle management software, which enables practices to outsource their full revenue cycle or address requirements in-house; clearinghouse services; stand-alone electronic prescribing; and document imaging solutions for physician practices. It also provides solutions for home care, hospice, skilled nursing, and other post-acute organizations ranging from an integrated EHR and financial management solution to referral management, as well as mobile solutions to deliver remote access to EHR and other capabilities on various mobile devices including iPad, iPhone, BlackBerry, Android, and Windows Mobile smartphones. In addition, the company sells related hardware, professional services, remote hosting, and IT outsourcing services. The company is headquartered in Chicago, Illinois. |
Please note, this is an update to LONG — Allscripts Healthcare Solutions Inc (MDRX), which was originally presented on 3/19/2013.
Highlights
The presenter has been long shares of Allscripts (MDRX) for over a year, and provided an update to the presentation given on March 19th. “At the end of the day, the story is pretty straight forward,” he said. MDRX is just about one year into a three year turnaround, and the new management team – led by Paul Black, CEO - has done a great job thus far, and it is possible that as early as Q1 2014 MDRX hits an inflection point and becomes a revenue growth story. With conservative P&L assumptions the presenter sees the potential for the stock to reach the mid-$20s, and he said there is always the call option that Mr. Black would be willing to sell the company towards the end of the turnaround.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.
◆Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.