Allscripts Ousts Chairman, Shares Fall | Healthcare Informatics Magazine | Health IT | Information Technology Skip to content Skip to navigation

Allscripts Ousts Chairman, Shares Fall

April 27, 2012
by Gabriel Perna
| Reprints

Chicago-based Allscripts Healthcare Solutions, Inc., a big-name provider of EMR/EHR software solutions, announced its first-quarter results and they weren’t favorable. Additionally, the company’s Chairman of the Board, Phil Pead, has also been fired.

Allscript’s bookings were $194.6 million, down from $212.4 million in the first quarter of 2011. While revenue was up from a year-ago ($364.7 million in 2012, $335.3 in 2011), the company’s net income, profit and earnings per share were down. Also down is the company’s stock, which fell 42.53 percent (press time), or $6.82 per share, to $9.20, from $16.02 at the end of trading yesterday. CEO Glen Tullman blamed the low sales on “lower than expected sales.”

Allscripts simultaneously announced the departure of two executives, Bill Davis, chief financial officer, who is leaving for other opportunities, and Pead, who has been fired as Chairman of the Board. Following this, Allscripts announced several board members (Catherine M. Burzik, Eugene V. Fife and Edward A. Kangas) informed the Company that they have resigned as directors of the Board. They expect several people to be added.


Allscript’s EMR/EHR vendor rival, Cerner, posted much more favorable financial results yesterday.

Get the latest information on Health IT and attend other valuable sessions at this two-day Summit providing healthcare leaders with educational content, insightful debate and dialogue on the future of healthcare and technology.

Learn More



MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (MGMA).

Circulation, Buoy Health Collaborate on Integrated Platform for Patient Transportation

Boston-based startup Circulation Health, a ride-ordering exchange that coordinates medical transportation logistics using Lyft and other transportation partners, is partnering with Buoy Health, also based in Boston, to integrate their platforms to provide patients with an end-to-end healthcare experience.

HITRUST Provides NIST Cybersecurity Framework Certification

The Health Information Trust Alliance (HITRUST), security and privacy standards development and accreditation organization, announced this week a certification program for the National Institute of Standards and Technology's (NIST) Cybersecurity Framework (Framework).

Report: Interoperability in NHS England Faces Similar Barriers as U.S. Healthcare

Electronic patient record interoperability in NHS England is benefiting patient care, but interoperability efforts are facing barriers, including limited data sharing and cumbersome processes falling outside of the clinician workflow, according to a KLAS Research report.

Geisinger National Precision Health Hires Illumina Exec to Lead Business Development

Integrated health system Geisinger has hired a high-profile genetic counselor to head up business development for Geisinger National Precision Health, which was created to extend the Geisinger model on the national scene.

$30M VC Fund Launched to Spur Innovation in Cardiovascular Care

The American Heart Association, together with Philips and UPMC, has announced the launch of Cardeation Capital, a $30 million collaborative venture capital fund designed to spur healthcare innovation in heart disease and stroke care.