Healthcare Innovation May 28, 2024
Interim CEO Yin Ho will step down and give up her board seat June 7. President Tom Langan will take the reins while directors explore strategic alternatives.
The directors of Chicago-based Veradigm Inc. said May 28 they are looking to sell, merge or otherwise arrange a transaction for the healthcare data and analytics company—which recently paid $140 million for a large language model venture as part of a push into artificial intelligence tools.
Veradigm, which was formerly known as Allscripts, is on pace to produce adjusted EBITDA of about $110 million on revenue of about $630 million this year. But its leaders are still looking to put behind them a turbulent period that featured shortcomings in its financial controls (which...
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