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Thursday, February 15, 2018

-=Allscripts Healthcare (MDRX) reported earnings on Thur 15 Feb 2018 (a/h)

Allscripts Healthcare reports EPS in-line, beats on revs; guides FY18 EPS in-line, revs above consensus; sells OneContent to Hyland Software 
  • Reports Q4 (Dec) earnings of $0.18 per share, excluding non-recurring items, in-linewith the Capital IQ Consensus of $0.18; revenues rose 27.5% year/year to $547 mln vs the $524.05 mln Capital IQ Consensus.
  • Co issues guidance for FY18, sees EPS of $0.72-0.82, excluding non-recurring items, vs. $0.79 Capital IQ Consensus Estimate; sees FY18 revs of $2.15-2.25 bln vs. $2.15 bln Capital IQ Consensus Estimate. 
  • Co will sell its OneContent business to Hyland Software, Inc., a leading provider of content services solutions to the healthcare industry and beyond. The deal is expected to close in the second quarter once customary closing conditions are satisfied. Allscripts acquired the OneContent business in late 2017 through the acquisition of McKesson's EIS portfolio. Upon transaction close, the OneContent client base and associates will transition to Hyland. The two companies will operate independently until the deal closes. Bookings were $314 million in the fourth quarter of 2017. 
  • Today, we amended the Allscripts Credit Agreement, providing for an increase in available liquidity and tenor as well as lower interest rates. The amendment provides a $400 million term loan and a $900 million revolving facility. This represents an increase in borrowing capacity of $500 million and the maturity date was extended to 2023. 
  • Allscripts announced it has completed the acquisition of Practice Fusion, a cloud-based electronic health record aimed primarily at small, independent physician practices. This transaction gives Allscripts the largest US market share in outpatient settings and makes Allscripts the largest owner of "actionable" clinical data sets. Approximately 30,000 ambulatory sites, serving 5 million patients each month, currently use Practice Fusion EHR, practice management, e-prescribing, lab and patient portal technology.

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