Here's Why You Should Retain Allscripts (MDRX) Stock for Now
Zacks Investment Research | Jul 05, 2021 09:10PM ET
Allscripts (NASDAQ:MDRX) Healthcare Solutions, Inc. industry and 40.1% rise of the S&P 500 composite.
The renowned IT solutions and services provider has a market capitalization of $2.61 billion. The company projects 9.1% growth for the next five years and expects to maintain its strong performance. Further, it has delivered an earnings surprise of 29.90% for the past four quarters, on average.
Let’s delve deeper.
Strategic Alliances: We are optimistic about Allscripts’ partnerships over the past few months. The company, in May, announced that Quincy, IL-based not-for-profit healthcare organization Blessing Health System has substantially expanded its Allscripts partnership to three facilities, has acquired Allscripts Managed Services, and has also extended its agreement through 2028.
The same month, Allscripts’ business unit, Veradigm, collaborated with Lash Group, a part of AmerisourceBergen (NYSE:ABC) Corporation Zacks Investment Research
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