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Why Allscripts Healthcare Solutions (MDRX) Stock Is Up Today

Stocks in this article: MDRX

NEW YORK (TheStreet) -- Allscripts Healthcare Solutions (MDRX) was gaining 5.1% to $16.23 Thursday after acquiring Oasis Medical Solutions.

The London-based Oasis provides a patient administration system (PAS) for hospitals, and is widely used in the U.K. Allscripts plans to combine its own platform with Oasis' PAS to deploy across the U.K.

Seperately, Allscripts was upgraded to "strong buy" from "buy" by ISI Group Thursday morning. The analyst firm said the company has sales momentum and its management is focused on improving profits.

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"Allscripts Healthcare Solutions, Inc. (Allscripts) is a provider of clinical, financial, connectivity and information solutions and related professional services to hospitals, physicians and post-acute organizations. The Company provides a variety of integrated clinical software applications for hospitals, physician practices and post-acute organizations. For hospitals and health systems these applications include its Sunrise Enterprise suite of clinical solutions, consisting of a range of acute care Electronic Health Record (EHR), integrated with financial/administrative solutions, including performance management and revenue cycle/access management. The Company's acute care solutions include Emergency Department Information System (EDIS), care management and discharge management. On February 24, 2011, Misys plc (Misys) disposed of its remaining interest in Allscripts. Effective March 5, 2013, Allscripts Healthcare Solutions Inc acquired Jardogs LLC. and dbMotion Ltd."

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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