Skip to content

Allscripts loses customer NY Presbyterian

July 12, 2017

Allscripts (NASDAQ: MDRX) declined 4% Wednesday after Hedgeye confirmed a customer loss. According to Bloomberg, analyst Andrew Freedman confirmed New York-Presbyterian chose Epic to replace existing EHR systems.

New York-Presbyterian is Allscripts’s fifth largest Sunrise EHR customer and represents 6% of U.S. Sunrise EHR installed base, the report said. It also represents $15-$30 million in combined software and services revenue or 1%-2% of MDRX’s 2016 revenue.

Allscripts remains a best short idea at Hedgye.

http://bit.ly/2ugIa2x

Advertisements

From → Uncategorized

Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: