Seeking Alpha

Nuance's healthcare division chief leaving

  • Janet Dillione, head of Nuance's (NUAN -2.4%) healthcare unit, is resigning from her position, effective March 21. (8-K)
  • Nuance's healthcare division saw only 1% Y/Y organic rev. growth in the December quarter, though that was better than the 7% decline seen by the company overall. The division was responsible for 46% of Nuance's revenue, and 58% of its op. profit (though its op. margin fell to 35% from 41%).
  • The unit has seen its mainstay transcription services ops pressured by a shift to electronic health record (EHR) systems and Nuance's Dragon Medical software. Dragon Medial, diagnostics, and clinical documentation software sales have been faring relatively well.
  • Oppenheimer (Outperform) isn't surprised by Dillione's departure, given recent execution issues and Nuance's ongoing shift (in healthcare and elsewhere) towards term licenses/recurring revenue streams. The firm also notes Nuance just hired a new sales chief.
Comments (4)
  • Teodor Rasa
    , contributor
    Comments (152) | Send Message
     
    This is a good thing. I thought Janet needed to go in Dec. of 2012
    13 Mar, 03:47 PM Reply Like
  • Enzo P
    , contributor
    Comments (17) | Send Message
     
    Hi, Teodor. Will you elaborate as to why?
    13 Mar, 08:24 PM Reply Like
  • jzheng220wz
    , contributor
    Comments (100) | Send Message
     
    does anyone know why NUAN pops 10% in the middle of today?
    Thanks
    14 Mar, 03:48 PM Reply Like
  • BostonRob
    , contributor
    Comments (13) | Send Message
     
    Also Paul Ricci needs to go.
    24 Mar, 08:20 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|