Allscripts Healthcare Solutions, Inc.

Allscripts Healthcare Solutions, Inc.

Allscripts Healthcare Solutions, Inc.

Overview
Date Founded

1986

Headquarters

222 Merchandise Mart Plaza, Suite 2024, Chicago, IL, 60654, USA

Type of Company

Public

Employees (Worldwide)

9,600

Industries

IT Consulting & Services

Company Description

Allscripts Healthcare Solutions, Inc. engages in the provision of clinical, financial, and operational results services. It operates through the Provider and Veradigm segment. The Provider segment includes the hospitals and health systems, ambulatory, CarePort, FollowMyHealth, EPSiTM, EISClassics, and 2bPrecise strategic business units. The company was founded in 1986 and is headquartered in Chicago, IL.

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Executives & Employees

Chief Executive Officer

President & Chief Financial Officer

Senior Vice President & General Counsel

Vice President & Chief Information Officer

Chief Client Delivery Officer

Chief Medical Officer

General Manager

Partner Marketing

Senior Vice President & General Manager, Professional Physicians

Senior Vice President & General Manager, Ambulatory

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Allscripts Healthcare Solutions, Inc.
Owners & Shareholders
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Shapiro Capital Management (SCM) is a value manager that adheres to an absolute value approach to investing in US equities. The firm manages small-cap, mid-cap and all-cap equity products. SCM employs a bottom-up investment selection process that is based on research-intensive fundamental analysis. The firm's value approach often includes a contrarian philosophy. They do not employ technical analysis in their investment decisions. SCM seeks to identify companies that compete in a business that is easily understood and that demonstrate superior economic characteristics. The firm typically invests in companies with high returns on invested assets, free cash flow, true franchise characteristics, significant barriers to competitive entry, products with minimal chance of obsolescence and significant managerial ownership. SCM's research includes an analysis of financial statements including all published material for at least the three most recent years. They focus on historical accounting procedures, asset valuations and cash flow. SCM will sell when a stock reaches what they believe to be its intrinsic value, when there is an unanticipated corporate reorganization, there is a change in business philosophy or when there is an unanticipated change in management.

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FTAM uses both fundamental and quantitative research as methods of analysis for their investment strategies; however, their investment approach does not fall into either the traditional fundamental or quantitative categories. The firm believes that while stock markets are efficient most of the time, behavioral anomalies can arise under certain circumstances, resulting in exploitable mispricing opportunities. FTAM’s strategies primarily invest in US listed companies and are a long only or a long/short strategy and may employ futures, ETFs and leverage. Their investment strategies include small-cap growth, small-cap value, small-cap core, behavioral small-cap equity, mid-cap value, micro-cap, low volatility behavioral equity market neutral and behavioral unconstrained equity.

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HRCM primarily uses fundamental methods of security analysis. The firm uses include direct interviews with management, inspections of corporate activities, research materials prepared by others, corporate rating services, annual reports, prospectuses, filings with the SEC, company press releases, financial newspapers and magazines as well as proprietary financial models as their main sources of information. They believe that the smaller-cap market is relatively inefficient. The investment strategies used to implement any investment advice given to clients include long-term purchases and short-term purchases. HRCM’s research process begins by screening a universe of stocks with future expected earnings growth and a market cap consistent with the range of market caps of each strategy’s respective benchmarks. To uncover companies with dominant competitive positions, positive business and market trends, and solid management teams that are committed to enhancing shareholder value, they make an additional research to the most promising purchase candidates.

Recent Transactions
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Sunnybrook Health Sciences Centre purchases Allscripts Managed Services LLC from Allscripts Healthcare Solutions, Inc.

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Allscripts Healthcare Solutions, Inc. purchases ZappRx, Inc. from SR One Ltd., Qiming Venture Partners Ltd., GV Management Co. LLC, Accomplice LLC

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Allscripts Healthcare Solutions, Inc., Allscripts Healthcare LLC purchase Health Grid Holding Co.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onAllscripts Healthcare Solutions, Inc., Allscripts Healthcare LLC purchase Mckesson Corp. /Enterprise Information Solutions Bus from McKesson Corporation

Legal Advisor

Advised onAllscripts Healthcare Solutions, Inc. purchases dbMotion Ltd. from Gemini Capital Fund Management Ltd., Pitango Venture Capital, Vertex Venture Capital

Underwriter

Advised onAllscripts Healthcare Solutions, Inc. issued USD Common Stock

Legal Advisor

Advised onAllscripts Healthcare Solutions, Inc. issued USD Common Stock

Associate

Advised onAllscripts Healthcare Solutions, Inc. purchases dbMotion Ltd. from Gemini Capital Fund Management Ltd., Pitango Venture Capital, Vertex Venture Capital

Legal Advisor

Advised onAllscripts Healthcare Solutions, Inc. purchases dbMotion Ltd. from Gemini Capital Fund Management Ltd., Pitango Venture Capital, Vertex Venture Capital

Advisors & Consultants
Advisor

Medical Director, Clinical Informatics at Health First Health Plans, Inc.

Advisor

Co-Founder & Chief Executive Officer at Careport Health LLC

Advisor

Manager at Allscripts Healthcare Solutions, Inc.

Clients

Northwell Health, previously known as the North Shore-LIJ Health System, was founded in 1997 with the merger of the North Shore Health System and LIJ Medical Center, creating a healthcare network that now includes 21 hospitals, a medical school - Hofstra Northwell School of Medicine, The Feinstein Institute for Medical Research, rehabilitation and skilled nursing facilities, a home care network, a hospice network and progressive care centers offering a range of outpatient services. Headquartered in Great Neck, New York, Northwell Health is the largest integrated health system in New York State, based on patient revenue, and the 14th largest healthcare system in the United States

Memorial Sloan-Kettering Cancer Center — the world's oldest and largest private cancer center — has devoted more than 125 years to exceptional patient care, innovative research, and outstanding educational programs. Today, we are one of 41 National Cancer Institute–designated Comprehensive Cancer Centers, with state-of-the-art science flourishing side by side with clinical studies and treatment. The close collaboration between our physicians and scientists is one of our unique strengths, enabling us to provide patients with the best care available as we work to discover more-effective strategies to prevent, control, and ultimately cure cancer in the future. Our education programs train future physicians and scientists, and the knowledge and experience they gain at Memorial Sloan-Kettering has an impact on cancer treatment and biomedical research around the world.

The NewYork-Presbyterian Healthcare System NewYork-Presbyterian Healthcare System Leadership The NewYork-Presbyterian Healthcare System is a federation of top-quality hospitals, specialty institutes, and continuing care centers throughout New York, New Jersey, and Connecticut. It was founded to bring about a positive change in the way healthcare is delivered to the community. Most System members are academic affiliates of either Weill Cornell Medical College or Columbia University College of Physicians and Surgeons. Weill Cornell Medical College Columbia University College of Physicians and Surgeons The NewYork-Presbyterian Healthcare System is dedicated to improving patient care, medical education and research throughout this region of the United States. Member Healthcare Institutions The requirements of modern medicine are more challenging than ever. What we've learned in the last century will pale in comparison to what we'll accomplish in the next. And, as medicine evolves, so does the need to share this knowledge and harness what we discover- because the list of devastating, heartbreaking diseases awaiting a cure remains long. That's why all of us within the NewYork-Presbyterian Healthcare System are constantly looking for ways to improve every aspect of patient care. We draw upon the research capacity and academic infrastructure of two Ivy League medical schools, Columbia University College of Physicians and Surgeons and Weill Cornell Medical College, to improve the knowledge base within our member institutions, with the goal of providing every patient the best possible treatment.

Key Stats and Financials As of 2019
Market Capitalization
$1.21B
Total Enterprise Value
$2.53B
Earnings Per Share
$-1.1
Revenue
$1.77B
EBITDAMargin
13.44%
Enterprise Value Sales
1.43x
Enterprise Value EBITDAOperating
10.12x
TEVNet Income
-13.88x
Debt TEV
0.41x
Total Debt
$1.03B
Total Equity
$1.29B
EBITDA
$238M
Net Profit
$-182M
Non-Profit Donations & Grants
Investments
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NantWorks LLC develops technology based semiconductor and advanced networks for healthcare improvements. Its solution is for life threatening diseases such as cancer, infectious diseases and Alzheimer’s. The company was founded by Patrick Soon-Shiong in September 2011 and is headquartered in Culver City, CA.

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par8o, Inc. provides cloud-based EMR-agnostic platform enables reinventing the patient referral process. Its referral management solution connects providers, payers, and patients and creates a common point for coordinating care delivery and plan design. The firm’s solutions include referral coordination, dynamic networks, and population health. The company was founded by Michael Ciano, Daniel Palestran and Adam Sharp in 2011 and is headquartered in Boston, MA.

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Humedica, Inc. offers software-as-a-services business solutions to the health care industry. The firm aims to address the specific needs of inpatient and outpatient health care providers, pharmaceutical and biotechnology firms, medical device manufacturers, government agencies, and financial services firms. The company was founded by Michael Weintraub, Allen Kamer, A. G. Breitenstein and Paul A. Bleicher in May 2008 and is headquartered in Boston, MA.

Investors
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Co-Founder at Adelphic, Inc.

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CMO & Head of Product at Getabl, Inc.

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Investor at Mogul, Inc.

Suppliers
Citrix Systems, Inc. Other Business & Consulting Services | Santa Clara, California

Citrix Systems, Inc. engages in the design, development, and marketing of information technology solutions. It provides digital workspace that unifies apps, data, and services. It markets and licenses its products directly to customers through web, systems integrators, value-added resellers, and service providers. The company was founded by Edward E. Iacobucci on April 17, 1989 and is headquartered in Fort Lauderdale, FL.

Wolters Kluwer NV Internet Software & Services | Alphen aan den Rijn, Netherlands

Wolters Kluwer enables legal, tax, finance, and healthcare professionals to be more effective and efficient. We provide information, software, and services that deliver vital insights, intelligent tools, and the guidance of subject-matter experts. We create value by combining information, deep expertise, and technology to provide customers with solutions that improve their quality and effectiveness. Professionals turn to us when they need actionable information to better serve their clients. Our 175+ years of history stretch across many geographies and areas of expertise. Our revenue is spread globally with 6% coming from fast-growing, emerging markets, 44% from Europe, and 50% from North America.

Datalink Corp. Internet Software & Services | Eden Prairie, MN

Datalink Corp. provides information technology (IT) services and solutions that help organizations transform technology, operations, and service delivery to meet business challenges. The company was founded by Al Hawkins in 1987 and is headquartered in Eden Prairie, MN.

Competitors
CVS Health Corp. Retail: Drug Stores - Woonsocket, RI

CVS Health Corp. engages in the provision of health care services. It operates through the following segments: Pharmacy Services, Retail or Long Term Care, Health Care Benefits, and Corporate. The Pharmacy Services segment offers pharmacy benefit management solutions. The Retail or Long Term Care segment includes selling of prescription drugs and assortment of general merchandise. The Health Care Benefits segment offers traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioural health, medical management capabilities. The Corporate segment involves in providing management and administrative services. The company was founded by Stanley P. Goldstein and Ralph Hoagland in 1963 and is headquartered in Woonsocket, RI.

The International Business Machines Corporation (IBM) is an American multinational technology and consulting corporation, with headquarters in Armonk, New York, United States. IBM manufactures and markets computer hardware and software, and offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

General Electric Company Power & Utilities - Boston, MA

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

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