CPSI (CPSI) Extends $30M Share Buyback

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Go back to CPSI (CPSI) Extends $30M Share Buyback

CPSI Announces Extension to Stock Repurchase Program

August 3, 2022 4:05 PM EDT

MOBILE, Ala.--(BUSINESS WIRE)-- CPSI (NASDAQ: CPSI), a healthcare solutions company (the Company), today announced that its Board of Directors extended the expiration date of its existing $30 million stock repurchase program to September 4, 2024. The repurchase program was originally approved by the Companys Board of Directors on September 4, 2020, and was set to expire on September 4, 2022, prior to this extension. Under this program, the Company has repurchased 146,200 shares of common stock as of August 2, 2022, with an aggregate value of $4.4 million, and $25.6 million remains authorized for future repurchases.

The Company has funded, and will... More