December 04, 2016 4:08 AM ET

Health Care Technology

Company Overview of Allscripts Healthcare Solutions, Inc.

Company Overview

Allscripts Healthcare Solutions, Inc. provides information technology and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records, connectivity, hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions. The company’s Clinical and Financial Solutions segment provides integrated clinical software applications and financial and information solutions, which primarily include EHR-related, and financial and practice management software solutions, as well as related installation, support and maintenance, outsourcing, hosting, revenue cycle management, training, and e...

222 Merchandise Mart Plaza

Suite 2024

Chicago, IL 60654

United States

Founded in 1986

6,900 Employees

Phone:

312-506-1200

Key Executives for Allscripts Healthcare Solutions, Inc.

Chief Executive Officer and Director
Age: 58
Total Annual Compensation: $1.0M
President
Age: 51
Total Annual Compensation: $505.7K
Senior Vice President of Operations
Age: 53
Total Annual Compensation: $424.3K
Executive Vice President of Solutions Development
Age: 49
Total Annual Compensation: $418.7K
Senior Vice President, General Counsel and Corporate Secretary
Age: 46
Total Annual Compensation: $398.8K
Compensation as of Fiscal Year 2015.

Allscripts Healthcare Solutions, Inc. Key Developments

Allscripts Healthcare Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for the Fourth Quarter of 2016

Allscripts Healthcare Solutions, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported total revenue of $392.4 million, income from operations were $16.8 million, loss before income taxes were $2.6 million, net income of $0.1 million and net loss attributable to common stockholders of $10.2 million or $0.06 per basic and diluted share against total revenue of $354.5 million, income from operations were $8.9 million, loss before income taxes were $1.4 million, net loss of $5.1 million and net loss attributable to common stockholders of $5.2 million or $0.03 per basic and diluted share a year ago. Net cash provided by operating activities of $53.0 million, capital expenditures were $8.4 million and capitalized software were $32.9 million against net cash provided by operating activities of $39.5 million, capital expenditures were $4.6 million and capitalized software were $11.0 million a year ago. On Non-GAAP basis, operating income of $58.5 million, net income of $27.3 million and net income attributable to common stockholders of $25.9 million or $0.14 per diluted share against operating income of $42.8 million, net income of $24.6 million and net income attributable to common stockholders of $24.5 million or $0.13 per diluted share a year ago. Adjusted EBITDA of $79.9 million compared to $65.9 million a year ago. Free cash flow of $11.7 million compared to $23.9 million a year ago. For the nine months, the company reported total revenue of $1,124.5 million, income from operations were $47.3 million, loss before income taxes were $2.5 million, net income of $0.1 million and net loss attributable to common stockholders of $18.3 million or $0.10 per basic and diluted share against total revenue of $1,040.8 million, income from operations were $8.8 million, loss before income taxes were $14.2 million, net loss of $18.4 million and net loss attributable to common stockholders of $18.5 million or $0.10 per basic and diluted share a year ago. Net cash provided by operating activities of $185.1 million, capital expenditures were $25.0 million and capitalized software were $70.0 million against net cash provided by operating activities of $128.3 million, capital expenditures were $14.2 million and capitalized software were $32.7 million a year ago. On Non-GAAP basis, operating income of $158.1 million, net income of $80.8 million and net income attributable to common stockholders of $77.7 million or $0.41 per diluted share against operating income of $107.6 million, net income of $62.4 million and net income attributable to common stockholders of $62.3 million or $0.34 per diluted share a year ago. Adjusted EBITDA of $219.8 million compared to $177.4 million a year ago. Free cash flow of $90.1 million compared to $81.4 million a year ago. With one quarter remaining in the year, the company is providing financial guidance specifically for the fourth quarter of 2016: Non-GAAP revenue of between $420 million and $435 million, based on sequential quarterly improvement for Standalone Allscripts and Netsmart; Adjusted net EBITDA of between $70 million and $80 million; and Non-GAAP earnings per share of between $0.14 and $0.16 per diluted share. The company provides financial guidance for revenue and earnings per share on a non-GAAP basis and for Adjusted net EBITDA. Non-GAAP guidance excludes the impact of acquisition-related deferred revenue adjustments for Netsmart of $29 million.

Allscripts to Extend its Comprehensive Population Health Management Platform

Allscripts announced the expansion of its next-generation care management solution, the first to enable providers to manage patients across post-acute settings. Allscripts, through the acquisition of CarePort, a pioneer in post-acute outcomes management, extends its breadth as large connected acute and post-acute provider network in the industry. Due to the shift in healthcare reimbursement and legislation focused on delivering critical outcomes, managing post-acute care is now a necessary and integral component of population health strategy. CarePort enables providers to enhance post-acute outcomes and costs by guiding patients across the care continuum and tracking their recovery in real-time. CarePort has three key EHR-agnostic solutions: CarePort Guide, which facilitates efficient post-acute care selection and helps patients choose high-quality care that is best for their needs; CarePort Connect, which manages patients across post-acute care settings with real-time data and alerts; CarePort Insights, which evaluates patient outcomes and post-acute provider performance metrics.

Baylor Scott Utilizes Allscripts dbMotion Solution for EHR Systems from Allscripts Healthcare Solutions, Inc

Baylor Scott & White Health has announced that it is utilizing dbMotion solution from Allscripts Healthcare Solutions, Inc. to modernize the exchange of electronic health record, or EHR, data between EHR systems used by physicians. The healthcare system uses the Allscripts dbMotion interoperability platform to coordinate care with harmonized, structured data at the point of care. dbMotion is an integral piece of CareInMotion, Allscripts' population health platform. With a national focus on interoperability and examples of stressed financial repercussions with single-system approaches, many organizations are alternatively turning to advanced, EHR-agnostic technology to exchange health data successfully.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
November 17, 2016
--
Merger/Acquisition
October 20, 2016
Careport Health, Inc.
Merger/Acquisition
March 23, 2016
Netsmart Technologies Inc.
 

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