Allscripts Announces Offering of Common Stock

February 15th, 2006 | Computer & Electronics , Computer Software , Internet , Technology | 0 Comments »

Allscripts Healthcare Solutions, Inc. (Nasdaq:MDRX) announced today that it intends to offer 7.3 million shares of common stock, pursuant to a preliminary prospectus supplement to be filed with the Securities and Exchange Commission under Allscripts’ shelf registration statement.

CHICAGO (February 15, 2006) –

Allscripts Healthcare Solutions, Inc. (Nasdaq:MDRX) announced today that it intends to offer 7.3 million shares of common stock, pursuant to a preliminary prospectus supplement to be filed with the Securities and Exchange Commission under Allscripts’ shelf registration statement.

The Company intends to use all of the net proceeds from the offering to finance the proposed acquisition of A4 Health Systems, Inc. If the acquisition is not consummated, the proceeds will be used for general corporate purposes.

The offering will be led by Lehman Brothers and UBS Investment Bank as joint book-running managers. Jefferies Broadview, William Blair & Company, Piper Jaffray and Goldman, Sachs & Co. will be co-managers for the offering. Allscripts will grant the underwriters an option to purchase up to an additional approximately 1.1 million shares from Allscripts if the underwriters sell more than 7.3 million shares of common stock in the offering.

A copy of the preliminary prospectus supplement and prospectus relating to the offering may be obtained from Lehman Brothers, Prospectus Department, c/o ADP Financial Services, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, New York, NY 11717 and UBS Investment Bank, 299 Park Avenue, New York, NY 10071. These documents are being filed with the Securities and Exchange Commission and will be available over the Internet at the SEC’s web site at http://www.sec.gov.

Allscripts is a provider of clinical software, connectivity and information solutions that physicians use to improve healthcare. Allscripts’ Clinical Solutions Group’s clinical software applications include Electronic Health Record, e-prescribing and document imaging solutions. Additionally, Allscripts provides clinical product education and connectivity solutions for physicians and patients through its Physicians Interactive(TM) Group and medical fulfillment services through its Medication Solutions Group.

This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any offer of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

Statements in this press release contain forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the proposed offering, the proposed acquisition and the intended use of proceeds of the offering. These statements involve a number of risks and uncertainties, including investor response to the proposed offering, the trading prices for the Allscripts’ common stock during the offering period, other conditions in the financial markets and customary closing conditions. For a more complete discussion of the risks, uncertainties and assumptions that may affect Allscripts, see the Company’s preliminary prospectus supplement relating to the offering and the Company’s 2004 Annual Report on Form 10-K, available through the Web site maintained by the Securities and Exchange Commission at www.sec.gov.

SOURCE: Allscripts Healthcare Solutions, Inc.

Allscripts
Bill Davis, 312-506-1211 (CFO)
bill.davis@allscripts.com

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Source: Allscripts