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News Breaks
March 4, 2013
12:05 EDTMDRX, GWAY, MCK, ATHN, CERNHealth care information technology companies announce alliance
Health care information technology companies Cerner (CERN), McKesson (MCK), Allscripts (MDRX), athenahealth (ATHN), Greenway Medical Technologies (GWAY) and RelayHealth, a unit of McKesson, announced the launch of the CommonWell Health Alliance, planned to be an independent not-for-profit organization that will support universal, trusted access to health care data through seamless interoperability. The Alliance intends to be a collaborative effort of suppliers who are focused on achieving data liquidity between systems, in compliance with patient authorizations, the companies said. The Alliance will define, promote and certify a national infrastructure with common platforms and policies and also will ensure that HIT products displaying the Alliance seal are certified to work on the national infrastructure, the companies said.
News For CERN;MCK;MDRX;ATHN;GWAY From The Last 14 Days
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May 29, 2015
10:19 EDTMDRXAllscripts management to meet with Jefferies
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10:14 EDTATHNathenahealth CPO change a 'big deal' but doesn't alter view, says Piper Jaffray
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09:49 EDTMCKMcKesson completes acquisition of Drogheria & Alimentari for approx. $79M
McCormick & Company announced that it has completed the purchase of 100% of the shares of Drogheria & Alimentari, a privately held company based in Italy. McCormick announced the agreement to acquire D&A on February 20. Subject to certain closing adjustments, McCormick expects to record a purchase price for D&A of EUR72M, or approximately $79M. This expected purchase price consists of a EUR50M cash payment that was funded with cash and debt, and a potential earn-out payment of up to EUR35M that has a preliminary acquisition-date fair value of EUR22M. The potential earn-out payment is payable to D&A's former owners in 2018 upon the achievement of specified financial performance by D&A. Once the preliminary acquisition-date fair value of the potential earn-out payment is finalized, changes in the fair value will be recognized in income on an on-going basis until settlement in 2018. Due to the estimated impact of transaction and integration costs, McCormick expects no earnings per share impact in 2015. In 2016, McCormick expects the acquisition to be fully accretive, excluding any net increase in fair value of the potential earn-out payment.
09:42 EDTMCKMcKesson management to meet with UBS
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09:16 EDTMCKBofA/Merrill healthcare tech analyst holds analyst/industry conference call
Analyst Willoughby discusses relevant themes across the Healthcare Distribution & Technology subsectors on an Analyst/Industry conference call to be held on June 1 at 11 am.
08:09 EDTATHNathenahealth names Kyle Armbrester acting Chief Product Officer
athenahealth (ATHN) announced the appointment of Kyle Armbrester, currently athenahealth's vice president of business development and creator of the company's More Disruption Please, or MDP, innovation and partnership program, to the position of acting Chief Product Officer, effective immediately. Jeremy Delinsky will step down as Chief Product Officer after serving in the position for five months and with the company for more than ten years. Delinsky will join Boston-based online retailer Wayfair (W) as the company's Chief Technology Officer.
08:02 EDTATHNWayfair names Jeremy Delinksy as Chief Technology Officer
Wayfair (W) announced that Jeremy Delinsky has joined the company’s leadership team as chief technology officer. Delinsky joins Wayfair with more than a decade of leadership experience, formerly serving as CTO and, most recently, chief product officer at athenahealth (ATHN). Delinsky will report directly to Steve Conine, Wayfair’s co-founder and co-chairman.
May 28, 2015
10:16 EDTMCKMcKesson management to meet with Deutsche Bank
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May 27, 2015
10:58 EDTMCKMcKesson management to meet with UBS
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May 26, 2015
08:08 EDTMDRXAllscripts signs agreement to deploy its PAS in the U.K.
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May 18, 2015
18:26 EDTMDRXAllscripts cuts 250 jobs, Crain's says
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07:22 EDTCERNUBS to hold a conference
Global Healthcare Conference is being held in New York on May 18-20 with webcasted company presentations to begin on May 18 at 8 am; not all company presentations may be webcasted. Webcast Link
May 15, 2015
12:13 EDTMCKThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
12:07 EDTMCKThird Point reports new stakes in Yum! Brands, FedEx, McKesson

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