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Fly News Breaks for August 29, 2019
Aug 29, 2019 | 06:26 EDT
KeyBanc analyst Donald Hooker upgraded NextGen Healthcare (NXGN) to Sector Weight from Underweight without a price target. Further, the analyst believes the compact is having success re-accelerating its organic revenue growth rates into the low-single digits. Hooker views Cerner (CERN) as the best way for investors to play the traditional electronic health record software space.
News For NXGN;CERN From the Last 2 Days
Oct 18, 2019 | 09:07 EDT
Cerner announced a definitive agreement to acquire AbleVets-a strategic IT consulting and engineering firm-as a wholly-owned subsidiary. The acquisition of the Washington, DC area-based company will provide Cerner even greater scale and technical expertise in designing and implementing modernization solutions, particularly in the federal space. The companies expect to complete the transaction in the fourth quarter. "AbleVets has been a trusted partner to Cerner and is providing critical support to our federal programs," said Travis Dalton, president, Cerner Government Services. "Integrating the team into our business is a natural next step of our relationship. We expect AbleVets' technical expertise and execution in solving complex problems will accelerate Cerner's success in providing integrated, seamless care for Veterans, Service members and their families."