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Allscripts Announces Second Quarter 2012 Results
Date:8/8/2012

ase refer to Table 4 "Condensed Non-GAAP Financial Information" for a complete reconciliation of all GAAP and non-GAAP financial measures discussed in this press release. 

"Our second-quarter results were solid and demonstrated improvement in several key business metrics," said Glen Tullman, Chief Executive Officer of Allscripts.  "We signed two new Sunrise Clinical Manager (SCM) clients in the quarter plus one SCM footprint expansion within the client base.  In addition, ambulatory bookings increased quarter-over-quarter, further expanding Allscripts market reach.  We also generated solid operating cash flow of close to $60 million."We are aggressively focused on executing our business plan and delivering on our client commitments.  We remain on schedule to release important new solution enhancements during the fourth quarter of 2012.  Allscripts remains well positioned in a robust market with a comprehensive portfolio spanning the ambulatory, acute and post-acute care delivery environments."

Stock Repurchase Program and Credit FacilitiesIn April 2012 the Allscripts Board of Directors approved a $200 million increase in the Company's existing stock repurchase program increasing the total repurchase authorization to $400 million.During the three months ended June 30, 2012, Allscripts repurchased approximately 21 million shares of common stock for approximately $225 million at an average price of approximately $10.87 per share.  As of June 30, 2012, the amount available for repurchase of common stock under this program was approximately $123 million.

Any common stock repurchases may be made through open market transactions, block trades, privately negotiated transactions (including accelerated share repurchase transactions) or other means. Any repurchase activity will depend on factors such as the Company's working capital needs, cash requirements for investments, debt repayment obligations, the Company's stock
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SOURCE Allscripts Healthcare Solutions, Inc.
Copyright©2012 PR Newswire.
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