Seeking Alpha

The Wall Street...'s  Instablog

The Wall Street Transcript
Send Message
The Wall Street Transcript is a financial interview transcripts publication and Web site that has been in business for over 40 years. TWST interviews public company CEOs, equity analysts and money managers in a wide variety of industries, and publishes the transcripts of these interviews on the... More
My company:
The Wall Street Transcript
  • Allscripts Healthcare Solutions Inc's (MDRX) New Leadership Aims To Effectively Integrate Eclipsys Acquisition 0 comments
    Oct 28, 2013 3:40 PM | about stocks: MDRX

    Allscripts Healthcare Solutions Inc (NASDAQ:MDRX) is gearing up to be a turnaround story as new leadership recognizes the urgency to drive the integration of the Eclipsys acquisition, positioning MDRX well to compete in the market with its complementary hospital and physician businesses, says Charles Rhyee, Managing Director and Senior Research Analyst at Cowen and Company.

    "The one that we're really recommending is Allscripts. I think it's a very interesting turnaround story. It's one where you have new leadership. On paper it makes sense, because these are complementary businesses. Old management, I don't think, recognized the urgency to drive the integration. I think new management has come in understanding that and is helping push that process along," Rhyee said.

    FOR MORE INFORMATION ABOUT THIS INTERVIEW CLICK HERE.

    Allscripts was originally a maker of electronic health records for physician practices, and with the acquisition of Eclipsys now has exposure to the hospital market, Rhyee says, and an opportunity to turn its business around and compete in the marketplace.

    "I think they have all the pieces to be successful. It's a question of whether they have enough time to get it all together to become competitive. I think they do. And while I don't think they have to be in the same league with Epic and Cerner (NASDAQ:CERN), I do think this market is still diverse and broad enough that there's room for more than two players," Rhyee said.

    Themes: Healthcare Information Stocks: MDRX
Back To The Wall Street Transcript's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »
Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.