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Morning Headlines 10/23/15

October 22, 2015 Headlines No Comments

Quality Systems, Inc. Board of Directors Approves Sale of NextGen Healthcare Hospital Solutions Division

NextGen’s hospital business is sold by its parent company Quality Systems to QuadraMed. Financial terms were not disclosed.

athenahealth, Inc. Reports Third Quarter Fiscal Year 2015 Results

Athenahealth reports Q3 results: revenue for the quarter was $236 million, up 24 percent, adjusted EPS $0.36 vs. $0.27, beating analyst projections on both.

New Research Finds Significant Number of Americans Not Getting Care at Right Hospitals

Healthgrades publishes a report concluding that patients treated in a 5-star rated hospital have “a 71 percent lower risk of dying or a 65 percent lower risk of experiencing complications” as compared to patients treated in a 1-star hospital.

Drug compounder offers cheap version of costly Turing drug

San Diego-based Imprimis Pharmaceuticals will begin selling a generic version of Daraprim for $1 per pill, down from its current price of $750 per pill, after national attention was drawn to the drug’s current manufacturer Turing Pharmaceuticals and its business model of buying the rights to rare but necessary medications with no generic equivalent and raising the price astronomically.

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