Thursday, December 27, 2012 3:28:44 PM
I understand your concern regarding Allscripts shareholder value and what the future may hold.
Let me offer you some facts for consideration.
First, during the strategic alternatives process, Allscripts Board of Directors conducted a thorough and rigorous review of alternatives. The Board concluded that the best course at this time is to develop Allscripts long-term potential under the direction of a new management team.
Over the coming weeks and months, Paul Black, our new CEO and healthcare IT industry veteran, will work with his leadership team on enhancing our operational efficiency, solutions sales efforts and our financial strategy to ensure that Allscripts is positioned for success and value enhancement.
Regarding your statement on a share repurchase, Allscripts currently has approximately $125MM remaining on its existing $400MM share repurchase authorization announced in May, 2011. Our leadership team is evaluating our capital allocation strategy and will update the market on our Q4 2012 earnings call, which will take place in the mid-February timeframe.
In the meantime, Allscripts fundamentals remain strong – a large client base, strong financial position, one of the industry’s largest investments in R&D, and a refreshed product portfolio based on Open technology.
I hope this perspective is helpful and we again understand and appreciate your concerns as an Allscripts shareholder.
Sincerely,
Seth
Seth R. Frank | Vice President, Investor Relations
Allscripts | 222 Merchandise Mart | Suite 2024 | Chicago, IL | 60654
312.506.1213 | P?
Recent MDRX News
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/12/2024 08:07:47 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 08:06:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/29/2024 10:03:59 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/20/2024 09:00:03 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/10/2024 09:00:48 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 09:00:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 11:16:04 AM
- Form SC 13D - General statement of acquisition of beneficial ownership • Edgar (US Regulatory) • 05/16/2024 09:19:34 PM
- Form 8-A12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 05/13/2024 02:37:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/13/2024 11:03:55 AM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/13/2024 11:00:27 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/03/2024 08:20:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/03/2024 08:20:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/25/2024 08:03:03 PM
- Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities • Edgar (US Regulatory) • 04/25/2024 01:08:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 04/10/2024 10:23:05 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM