SOURCE: Leerink Swann & Co.

August 11, 2005 10:01 ET

Leerink Swann & Company Initiates Coverage of Allscripts Healthcare Solutions, Inc., Cerner Corporation, Eclipsys Corporation, IDX Systems Corporation, Quality Systems, Inc.

BOSTON, MA -- (MARKET WIRE) -- August 11, 2005 -- This morning, Senior Health Care Technology and Distribution Analyst, George Hill, initiated coverage of five companies in the Healthcare IT sector. His investment thesis favors those companies with exposure to ambulatory clinical care sector, which he estimates will be the fastest growing component of healthcare IT spending. Proprietary MEDACorp survey findings support his view. He places an Outperform rating on Allscripts Healthcare Solutions,Inc., Cerner Corporation, and Quality Systems, Inc., and a Market Perform rating on Eclipsys Corporation and IDX Systems, Inc.

About Allscripts Healthcare Solutions, Inc.

Allscripts Healthcare Solutions, Inc. (NASDAQ: MDRX) provides clinical software, connectivity, and information solutions for physicians in the United States. Allscripts is headquartered in Chicago.

About Cerner Corporation

With more than 1,500 clients worldwide, Cerner Corporation (NASDAQ: CERN) is the leading supplier of healthcare information technology. Cerner is headquartered in North Kansas City, Missouri.

About Eclipsys Corporation

Eclipsys Corporation products and services enable healthcare organizations to improve patient safety, revenue cycle management and operational efficiency. Eclipsys is headquartered in Boca Raton, Florida.

About IDX Systems Corporation

IDX Systems Corporation (NASDAQ: IDXC) provides information technology solutions to maximize value in the delivery of healthcare, improve the quality of patient service, enhance medical outcomes, and reduce the costs of care. It is headquartered in Burlington, Vermont.

About Quality Systems, Inc.

Quality Systems, Inc. (NASDAQ: QSII) develops and provides computer-based practice management, medical records, and e-business applications for medical and dental group practices. It is headquartered in Irvine, California.

About Leerink Swann & Company

Leerink Swann & Company is an investment banking firm that provides healthcare equity research, corporate finance, and asset management services for institutional and high-net-worth clients. Leerink Swann & Company was voted the Best Firm in Biotechnology, Medical Supplies and Devices, Pharmaceuticals/Major and Pharmaceuticals/Specialty in the December 2004 Institutional Investor poll ranking the best boutique and regional firms by sector. Through its consulting affiliate, MEDACorp, Leerink Swann & Company provides biomedical-consulting services to Life Sciences companies and to the institutional investment community. MEDACorp includes thousands of biomedical professionals and practicing physicians. Leerink Swann & Company is a member NASD/SIPC.

Contact Information

  • Contact:
    John I. Fitzgerald
    Leerink Swann & Company
    (617) 918-4564
    www.leerink.com