Allscripts hints at possible acquisition
CHICAGO — Electronic health record firm Allscripts may be looking at buyout offers from other companies, Allscripts CEO Glen Tullman said Thursday when the company announced its third-quarter 2012 earnings.
"We are confirming today that in light of the ongoing interest expressed in the company by third parties, the company is evaluating strategic alternatives," Tullman said. "Regardless of the outcome of this process, Allscripts' primary focus is and will continue to be serving our clients through our industry-leading technology, services and the support we provide to 1,500 hospitals and over 50,000 ambulatory physician practices and post-acute providers with whom we do business."
The company said there was "no assurance" that it would be acquired and that it did not intent to comment further publicly.
The company reported sales of $360.7 million, down from $363.7 million in third-quarter 2011, and profits of $9.4 million, down from $19.1 million a year ago.