Morning Headlines 10/20/17

athenahealth Reports Third Quarter Fiscal Year 2017 Results

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.

Utah audit finds legal violations in university’s deal with Patrick Soon-Shiong

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.”

JDRF Announces New Initiative to Pave Way for Open Protocol Automated Insulin Delivery Systems

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.

IFHS Investigates Cybersecurity Breach Of Clinic’s Computer System

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.