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MDRX

Allscripts

$9.49

-0.01 (-0.11%)

08:35
12/10/18
12/10
08:35
12/10/18
08:35

Allscripts to sell interests in Netsmart for after-tax proceeds of $3 per share

Allscripts announced that it has signed a definitive agreement to sell its interests in Netsmart Technologies. In March 2016, Allscripts contributed its homecare business to Netsmart, in exchange for the largest ownership stake in the company which has now become the largest technology company exclusively dedicated to behavioral health, human services and post-acute care. It is expected that this sale transaction will yield Allscripts net after-tax proceeds of approximately $525M or approximately $3 per fully diluted share. Allscripts anticipates closing the sale by the end of the Q4, after the satisfaction of customary closing conditions. Allscripts plans to use the net after-tax proceeds to repay long-term debt, invest in other growing areas of its business, and to opportunistically repurchase its outstanding common stock. Upon closing, total outstanding net debt would be reduced to approximately $500M. The improved leverage profile is expected to enable the company to continue investing in its core and surround solutions while also providing flexibility for additional capital returns to shareholders.

MDRX Allscripts
$9.49

-0.01 (-0.11%)

12/03/18
CANT
12/03/18
NO CHANGE
CANT
Cantor 'not too worried' about Amazon's healthcare IT initiative
Cantor Fitzgerald analyst Steven Halper is "not too worried" after Amazon (AMZN) last week confirmed plans to sell software that will mine patient medical records to reduce medical expenses. The analyst does not expect traditional electronic medical record vendors, including Allscripts (MDRX), Cerner (CERN), Computer Program and Systems (CPSI) and NextGen (NXGN) to be impacted by Amazon. It "remains to be seen whether Amazon's forays into the healthcare industry will be truly disruptive," says the analyst. He believes Amazon is likely positioning itself to benefit from pharmaceutical and medical supply sales.
11/28/18
KEYB
11/28/18
NO CHANGE
KEYB
KeyBanc sees Amazon entry having little near-term impact on HCIT space
The announcement that Amazon.com (AMZN) is developing Software-as-a-Service analytical tools for the U.S. healthcare industry called Amazon Comprehend Medical will likely bring a "lot of noise, but little real, near-term financial impact" to the publicly traded Healthcare Technology and Services space, KeyBanc analyst Donald Hooker tells investors in a research note. He believes companies potentially most relevant to Amazon's announcement include Allscripts Healthcare Solutions (MDRX), Cerner (CERN), Evolent Health (EVH), Inovalon Holdings (INOV), IQVIA Holdings (IQV), Medidata Solutions (MDSO), PRA Health Sciences (PRAH), Premier (PINC), and Teladoc Health (TDOC). Hooker argues that any potential success by mega-tech companies, such as Amazon, to develop useful SaaS analytical tools "could actually empower traditional HCIT and biopharma outsourcing companies." Further, he sees a number of "unique barriers" for "big data" solutions in clinical decision support and population health management.
11/14/18
ARGS
11/14/18
DOWNGRADE
ARGS
Hold
Allscripts downgraded to Hold at Argus on 'muddier outlook'
As reported earlier, Argus analyst Jasper Hellweg downgraded Allscripts to Hold from Buy, saying the company has posted lower bookings and declining margins for two consecutive quarters while its shares have also underperformed the market for the past 1 and 5 years. The analyst further cites Allscripts' management reduced expectations for 2018, anticipating earnings to come in at the low end of its prior guidance range, with added concerns coming from the company's above-peer-average debt ratios and declining cash balance. Hellweg adds that he "would consider an upgrade if the company is able to strengthen its balance sheet and significantly improve margins and earnings."
11/14/18
ARGS
11/14/18
DOWNGRADE
ARGS
Hold
Allscripts downgraded to Hold from Buy at Argus

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FB

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REPL

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CERC

Cerecor

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GDS

GDS Holdings

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AAPL

Apple

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ALB

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BABA

Alibaba

$182.48

-4.49 (-2.40%)

06:27
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Alibaba to carry out Hong Kong's first paperless listing, Reuters reports »

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BA

Boeing

$362.42

-0.47 (-0.13%)

06:24
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PING

Ping Identity

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DDAIF

Daimler AG

$0.00

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EW

Edwards Lifesciences

$242.37

3.04 (1.27%)

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DDAIF

Daimler AG

$0.00

(0.00%)

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DDAIF

Daimler AG

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CSCO

Cisco

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UBS

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CYDY

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CPE

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CPE

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CRZO

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GECC

Great Elm Capital

$8.23

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06:13
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Earnings
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CSCO

Cisco

$48.44

0.06 (0.12%)

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CSCO

Cisco

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BCLI

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RMBL

RumbleON

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AXNX

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