Athenahealth announces Q3 results: revenue climbed 10 percent to $304.6 million, adjusted EPS $0.56 vs. $0.60, beating earnings expectations but falling short on revenue. In response to activist investor pressure, the company announced a cost-savings program on Thursday that included layoffs for more than 500 of its staff members, amounting to nine percent of its workforce.
A Utah legislative watchdog committee publishes an investigative report on the University of Utah concluding that it violated state procurement laws when it accepted Patrick Soon-Shiong’s $12 million donation, explaining that it had “allowed the donor’s specifications to steer the contract to his company, which we believe is a violation of Utah Administrative Code.”
JDFR, a charitable foundation focused on funding type 1 diabetes research, announces a new initiative that will work to establish open protocols for artificial pancreas technology.
Unalaska’s Iliuliuk Family and Health Services clinic (AK) announces that a ransomware attack breached it servers in August. It does not specify whether it paid a ransom to restore access, but promises a detailed report on the breach will be made public in the coming weeks.