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Allscripts Healthcare Solutions, Inc. Q2 2008 Earnings Call Transcript

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2008-08-05 19:04:15.0

Tags: Allscripts Healthcare Solutions

Question-and-Answer Session

Operator

(Operator instructions) And your first question comes from Sean Wieland with Piper Jaffray.

Sean WielandPiper Jaffray

I’m going to ask question I’ve asked already, but maybe you’re in a better position to answer now. Is there any update on the products strategy as you’re working on the integration plan with Misys?

Glen Tullman

Sean this is Glen. We have been I think reasonably consistent in saying that the transaction is based on selling our electronic health records into the very strong practice management base that Misys has and I think at this point given the fact that we’re still operating in separate companies that’s all that we’re prepared to say.

With that said I can assure you that we will have a very tight product strategy on day one, that we won’t have multiple and we’ll continue to go forward with this strategy that is focused on having electronic health record, that is geared toward larger, more complex practices with significant integration and communication needs and an easier to install, lower to mid level electronic health record in integrated Practice Management system. So we’re looking very closely at it, but at this point we really can't comment further.

Sean WielandPiper Jaffray

Okay that’s fine. What are the prospects saying and what do you think the bookings trends would be in front you consummating the merger; do you get the sense that the pipeline is waiting for that to happen and to get more clarity on that or do you see your sales moving forward at normal speeds.

Glen Tullman

We have been very encouraged that both on Misys side as you heard them report a very strong quarter especially in healthcare and similarly with our result. I think it speaks to the strength of the market, the demand for high quality products and the reputation that Allscripts has earned because we have not seen despite issues that have surfaced along the way with V-11, despite the announcement of the merger, despite typically week first quarter and a little bit for the second quarter results none of that has really impacted our ability to sell product out in the market and we expect that will actually continue to accelerate as we bring the companies together.

So, we have not seen any slowdown and the clients basically understand why this makes sense and I think they’re assured by the fact that we have the size and scope now that they know we’re going to be here where some of the other competitors in the market may not.

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