Allscripts shares rise on news to sell Netsmart, but Leerink questions move [MarketWatch]
Veradigm Inc. (MDRX)
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Source: MarketWatch
Allscripts shares rise on news to sell Netsmart, but Leerink questions move Shares of Allscripts Healthcare Solutions Inc. MDRX, +3.58% rose 4.1% Monday, after the company said it is selling its Netsmart Technologies Inc. business for about $525 million. The healthcare IT company placed its homecare business in Netsmart in March of 2016 in exchange for the largest ownership stake in the company, which specializes in behavioral health, human services and post-acute care. The company expects the deal to close by the end of the fourth quarter. It will use the proceeds to pay down debt, invest in growth areas and buy back stock. Leerink analyst David Larsen said he viewed the sale as a "mixed outcome" for shareholders. "We are encouraged that the sale proceeds of ~$525M will allow the company to reduce its leverage and provide the potential for more share repurchases, but we question why management would sell the company if it has generated such good growth and value over the past few
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- Veradigm Inc. (NASDAQ: MDRX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Veradigm Inc. (NASDAQ: MDRX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Veradigm Inc. (NASDAQ: MDRX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Laurie McGraw Joins Transcarent as Executive Vice President [Yahoo! Finance]Yahoo! Finance
- Veradigm Inc. (NASDAQ: MDRX) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
MDRX
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- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/3/24 - Form 4
- MDRX's page on the SEC website