Home » News » Currently Reading:

CPSI Places CFO on Leave, Suspects Misappropriation of Funds

June 17, 2010 News No Comments

image

Small hospital IT vendor Computer Program and Systems Inc. of Mobile, AL filed SEC documents last night indicating that VP/CFO Darrell West has been placed on administrative leave pending an investigation into suspected misappropriation of company funds. West is suspected of using a company credit card to pay a $55,000 personal tax bill.

CPSI’s Audit Committee is conducting an internal investigation and has authorized engagement of a forensic accounting firm. The company says it expects the matter to have no impact on previously reported earnings, its financial position, or results of operations.

The publicly traded CPSI has a market capitalization of $467 million. Shares closed Wednesday at $42.55, with a 52-week range of $32.78 to $50.05.

View/Print Text Only View/Print Text Only


HIStalk Featured Sponsors

     







Subscribe to Updates

Search


Loading

Text Ads


Report News and Rumors

No title

Anonymous online form
E-mail
Rumor line: 801.HIT.NEWS

Tweets

Archives

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reader Comments

  • Debtor: athena's provider counts are audited as part of its SEC filings. The discrepancy between the ~99K number and what yo...
  • Dave: Looking at the EHR usage in the ambulatory space - I dont understand how eCW and athena claim the install bases that the...
  • FYI: It is Epic not EPIC....
  • John: First off, thx to HIMSS Analytics for the chart/data share - aligns closely with our own research. What these charts...
  • PM_from_haities: This New York Times profile seems to ignore Dr. Mostashari's "real' innovation. Population health approaches are a form...

Sponsor Quick Links