Four things to know about the company’s financial performance:
1. Meditech posted $115.36 million in revenue for the first quarter, down 5.7 percent from $122.37 million in the same time period last year.
2. The EHR vendor reported $82.45 million in service revenue, a 2.5 percent increase from $80.45 million during the first quarter of 2018.
3. For product revenue, Meditech posted $32.9 million, down 21 percent from $41.92 million in the same time period last year.
4. The company posted a net income of $36.15 million, up 94 percent from $2.82 million during the first quarter of 2018.
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