Allscripts posts modest 3% revenue bump, 17% profit growth in Q3

Chicago-based Allscripts released its financial information for the third quarter of 2015, posting slight gains in revenue and profit from the same quarter the previous year.

For the three months ended Sept. 30, Allscripts reported $354.5 million in revenue, up just 2.6 percent from $345.4 million from the same quarter last year.

The company's profit grew 16.7 percent, from $131.4 million in the third quarter of 2014 to $153.4 million in the third quarter of 2015.

However, the company did report record third quarter bookings of $272 million, a 22 percent increase from the previous year's quarter of $223 million.

"Allscripts' third-quarter and nine-month results illustrate our momentum in the global health care IT market," said Allscripts CEO Paul Black. "We added major new EHR clients in the US and United Kingdom and expanded strategic partnerships with key ambulatory clients such as Catholic Health Initiatives."

In October, University Hospital of South Manchester NHS Foundation Trust in the United Kingdom selected Allscripts' EHR. Other recent Allscripts contracts include the Heart and Vascular Center of Lake County in Gurnee, Ill., and Pensacola, Fla.-based Baptist Health Care.

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