Allscripts (MDRX) Announces New Share Buyback up to $300M

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Go back to Allscripts (MDRX) Announces New Share Buyback up to $300M

Allscripts Announces New Share Repurchase Program

November 18, 2020 8:01 AM EST

CHICAGO--(BUSINESS WIRE)-- Allscripts Healthcare Solutions (NASDAQ MDRX) announced today that its Board of Directors has approved a new share repurchase program under which Allscripts may purchase up to $300 million of its common stock through December 31, 2021.

The new share repurchase program replaces the previously existing share repurchase program, which authorized Allscripts to repurchase $250 million of its common share through December 31, 2020. Allscripts has repurchased the entire amount available under the prior program.

"Extending and expanding Allscripts share repurchase program represents an attractive component of our capital deployment strategy," said Rick Poulton, Allscripts President and Chief Financial... More