Leerink Swann Resumed Healthcare Technology and Distribution Sector With Positive Bias

Today, Leerink Swann resumed coverage on the Healthcare Technology and Distribution Sector with a positive bias. The firm said the American Recovery and Reinvestment Act of 2009 will drive increased adoption of technology solutions, positioning many companies for positive earnings surprises in 2010 and beyond.

Outperform Ratings (best positioned vendors to capitalize on increases in ARRA-related HCIT spending):

• Allscripts-Misys Healthcare Solutions, Inc. (Nasdaq: MDRX)
  
• Athenahealth, Inc. (Nasdaq: ATHN)
  
• Cerner Corp. (Nasdaq: CERN)
  
• McKesson Corp. (NYSE: MCK)

Market Perform Ratings:

• Phase Forward Inc. (Nasdaq: PFWD)


• Quality Systems Inc. (Nasdaq: QSII)


• Vital Images Inc. (Nasdaq: VTAL)


• eResearchTechnology, Inc. (Nasdaq: ERES)

Underperform Ratings (ill-equipped to face a daunting competitive environment):

• Computer Programs & Systems Inc. (Nasdaq: CPSI)

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