Here are four things to know about the company’s year-end performance.
1. Meditech posted $480.9 million in combined product and service revenue for full-year 2017, up 4 percent from $462.26 million in 2016.
2. In 2017 Meditech experienced a $27.1 million increase in product revenue driven primarily by higher product bookings, offset by a $8.4 million decrease in service revenue.
3. The company reported $63.98 million in operating income during 2017, down 8 percent from $69.89 last year.
4. Meditech posted a net income of $77.43 million, up 6 percent from $72.89 million one year prior.
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