Allscripts (MDRX) Approves $150M Buyback

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Go back to Allscripts (MDRX) Approves $150M Buyback

Allscripts Announces Share Repurchase Program

November 30, 2015 4:30 PM EST

CHICAGO, Nov. 30, 2015 (GLOBE NEWSWIRE) -- Allscripts Healthcare Solutions announced today that its Board of Directors approved a share repurchase program under which Allscripts may purchase up to $150 million of its common stock through December 31, 2018.

Repurchases will be made from cash on hand as well as a portion of the free cash flow expected to be generated from the business over the next three years. The share repurchase program is intended, in part, to offset the dilution created by previous management equity grants.

Allscripts plans to repurchase shares from time to time in the open market or in privately... More