CHICAGO–(BUSINESS WIRE)–Jan. 14, 2004–Allscripts Healthcare
Solutions (Nasdaq: MDRX), the leading provider of clinical software,
connectivity and information solutions for physicians, today issued
guidance for 2004. The Company expects total revenue for 2004 to be in
excess of $105 million. Gross margins are projected to continue to
improve, averaging between 40 and 45% for the year. Allscripts
anticipates an annual EPS between $0.07 and $0.09 per share. The
Company also expects to end 2004 with no debt and with total cash and
marketable securities exceeding $50 million.
“We look forward to profitable operations throughout 2004,
demonstrating continued growth and value for our shareholders,” stated
Glen Tullman, Chief Executive Officer of Allscripts Healthcare
Solutions. “With positive cash flow from operations in 2003 as a
foundation and a robust pipeline and backlog, Allscripts is well
positioned to deliver strong performance in 2004. The market for
information technology solutions in healthcare has accelerated and
will support the Company as we continue our positive financial trends
in the coming year.”
The Company also announced that it will report its 2003 and fourth
quarter results, after the market closes on Thursday, February 19,
2004. AHS management will host a conference call and webcast to
discuss the company’s earnings and other information at 4:30 PM
Eastern Time on February 19, 2004.
The earnings news release will be distributed via BusinessWire
immediately after the market closes the afternoon of February 19,
2004. The release will also be available on the Company’s web site at
www.allscripts.com. To listen to the conference call broadcast,
participants may log onto www.allscripts.com. We suggest you log onto
the web site approximately 15 minutes prior to the conference call to
download and install any necessary software. The conference call also
can be accessed by dialing 1-800-374-0526. A Microsoft Windows Media
Player web replay will be available 3 hours after the conclusion of
the call for a period of 2 weeks at www.allscripts.com or by calling
1-800-642-1687, ID # 4978016.
Allscripts Healthcare Solutions is the leading provider of
clinical software and information solutions for physicians. The
Company’s award-winning TouchWorks(TM) software is a modular
electronic medical record that enhances physician productivity using
Tablet PCs, wireless handheld devices or desktop workstations to
automate the most common physician activities including prescribing,
dictating, capturing charges, ordering labs and viewing results,
providing patient education, and documenting clinical encounters. AHS
also offers electronic document imaging and scanning solutions through
its Advanced Imaging Concepts (AIC) subsidiary. Additionally, AHS
provides interactive healthcare product education services for
physicians and patient compliance and adherence programs through its
Physicians Interactive(TM) business and also provides medication
fulfillment services through its Allscripts Direct(TM) business unit.
Strategic partners include IDX Systems (Nasdaq: IDXC); IMS Health
(NYSE: RX); Microsoft; Hewlett-Packard Company; and Medco Health.
TouchWorks, Physicians Interactive, and Allscripts Direct are
trademarks of Allscripts Healthcare Solutions. Visit AHS on the Web at
www.allscripts.com.
(Minimum requirements to listen to broadcast: Microsoft Windows
Media Player software, downloadable free from
http://windowsmedia.com/download/download.asp, 28.8Kpbs modem Internet
connection, and speakers/earphones.)
This announcement may contain forward-looking statements about
Allscripts Healthcare Solutions that involve risks and uncertainties.
These statements are developed by combining currently available
information with Allscripts beliefs and assumptions. Forward-looking
statements do not guarantee future performance. Because Allscripts
cannot predict all of the risks and uncertainties that may affect it,
or control the ones it does predict, Allscripts’ actual results may be
materially different from the results expressed in its forward-looking
statements. For a more complete discussion of the risks, uncertainties
and assumptions that may affect Allscripts see the Company’s 2002
Annual Report on Form 10-K, available through the Web site maintained
by the Securities and Exchange Commission at www.sec.gov.
CONTACT: Allscripts Healthcare Solutions
Bill Davis, 847-680-3515, Ext. 282
bill.davis@allscripts.com
or
Dan Michelson, 847-680-3515, Ext. 4330
dan.michelson@allscripts.com
SOURCE: Allscripts Healthcare Solutions