Allscripts Healthcare Solutions, Inc. (NASDAQ:MDRX) Q1 2022 Earnings Conference Call May 5, 2022 4:30 PM ET

Company Participants

Jenny Gelinas - Vice President, Investor Relations

Paul Black - Chief Executive Officer

Rick Poulton - President & Chief Financial Officer

Conference Call Participants

Sean Dodge - RBC Capital Markets

Jeff Garro - Piper Sandler

Stephanie Davis - SVB Securities

Allen Lutz - Bank of America

Operator

Greetings and welcome to the Allscripts First Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to Jenny Gelinas, Vice President of Investor Relations. Thank you. You may begin.

Jenny Gelinas

Thank you very much. Good afternoon and welcome to the Allscripts' First Quarter 2022 Earnings Conference Call. Our speakers today are Paul Black and Rick Poulton. We will be making a number of forward-looking statements during the presentation and the Q&A part of the call. These statements are based on current expectations and involve a number of risks and uncertainties that could cause our actual results to vary materially. We undertake no obligation to revise these forward-looking statements in light of new information or future events. Please refer to our earnings release and SEC filings for more information regarding the risk factors that may affect our results. Please reference the GAAP and non-GAAP financial statements as well as our non-GAAP tables in our earnings release that are available on our Investor Relations website.

And with that I'm going to hand the call over to Paul Black.

Paul Black

Thanks, Jenny. Good afternoon, and thank you all for joining us today. Roughly 10 years ago I stepped off the Board as an Independent Director to take over the role of CEO, because I believe in the company; our clients; and most importantly our people. Over the past 10 years we've seen unparalleled change in our industry as providers payers and pharma adopted the technology and solutions Allscripts Health Pioneer. This week's closing of the sale of our Hospital Large Physician Practices segment, marks yet another dramatic change in our company's history and positions all of our stakeholders, employees, clients and investors for continued success.

As the company transforms and launches into its next evolution focusing on our Veradigm business, it is a natural time for the next generation of leaders to step forward. As such, I have decided to step down as CEO effective Friday, May 6. While obviously a difficult decision, I leave knowing the company is stronger than ever and in the hands of an accomplished and proven leadership team. I'm incredibly proud to announce Rick Poulton, whom all of you know will be assuming the CEO role effective tomorrow.