January 26, 2015 4:46 PM ET

Health Care Technology

Company Overview of Medical Information Technology Inc.

Company Overview

Medical Information Technology, Inc. develops, manufactures, licenses, and supports computer software products for the hospital market. It develops hospital information system, a cohesive set of software products designed from the outset to work in conjunction with the overall operation of the hospital. The company develops software product to automate one of the main departments in a hospital, the clinical laboratory, which performs various diagnostic tests on blood or urine specimens; hospital billing and accounts receivable, as well as various general accounting products; home health care software products to hospitals; and physician office management software products. It also provides s...

MEDITECH Circle

Westwood, MA 02090

United States

Founded in 1969

4,068 Employees

Phone:

781-821-3000

Fax:

781-821-2199

Key Executives for Medical Information Technology Inc.

Chief Executive Officer
Age: 61
Co-Founder
Age: 71
Co-Founder and Director
Age: 79
Chief Financial Officer
Age: 61
Senior Vice President of Product Development
Age: 67
Compensation as of Fiscal Year 2014.

Medical Information Technology Inc. Key Developments

Medical Information Technology, Inc. Engages Wolf & Company, P.C. as Independent Accountants

On December 10, 2014, Medical Information Technology Inc. engaged Wolf & Company, P.C. as its independent accountants.

Medical Information Technology Inc. Dismisses Ernst & Young LLP as Independent Accountants

The audit committee of the board of directors of Medical Information Technology Inc. has dismissed Ernst & Young LLP as the independent accountants for the company, effective October 3, 2014.

Medical Information Technology Inc. Announces Audited Earnings Results for the Year December 31, 2012; Announces Quarterly Dividend

Medical Information Technology Inc. announced audited earnings results for the year December 31, 2012. For the year, the company’s total revenue rose 9.7% to $597.8 million, operating income rose 4.7% to $191.6 million, and net income rose 5.3% to $130.5 million. Earnings rose 4.2% to $3.55 per share and shareholder equity rose 9.5% to $14.56 per share. The company also announced that the board of directors increased the quarterly dividend 4.2% to $0.75 per share and increased the fair stock value 4.7% to $45 per share.

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