MDRX - Allscripts announces $200M accelerated share buyback

Allscripts Healthcare Solutions (MDRX) has entered into accelerated share repurchase ((ASR)) transactions with each of JPMorgan Chase Bank, National Association and Wells Fargo Bank, National Association to repurchase $200M of its common stock, with initial share delivery of ~11.7M shares. “The accelerated share repurchase demonstrates our commitment to delivering near-term value to our shareholders, our strong liquidity position and our confidence in the long-term strategy and earnings potential of Allscripts,” said Rick Poulton, Allscripts President and CFO. The board of directors had approved a new $300M share repurchase program through December 31, 2021.

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Allscripts announces $200M accelerated share buyback