MOBILE, Ala.--(BUSINESS WIRE)--Jan. 22, 2019--
CPSI (NASDAQ: CPSI) (“CPSI” or the “Company”), a community healthcare
solutions company, today announced that the Board of Directors (the
“Board”) has extended the window in which the Company must receive
proper written notice of the nomination of a director candidate in
connection with its 2019 annual meeting of stockholders to 5:00 p.m.
(Central time) on February 28, 2019. The date and location of the 2019
annual meeting of stockholders of the Company has yet to be announced.
The aforementioned extension of the deadline for nomination of directors
in connection with the 2019 annual meeting of stockholders of the
Company is being provided in connection with CPSI’s continuing dialogue
with Gilead Capital, which filed a Schedule 13D with the Securities and
Exchange Commission on January 16, 2019. CPSI’s Board welcomes
constructive input from its stockholders, including Gilead Capital.
While the Company generally does not comment on discussions with
stockholders, members of CPSI’s Board and management have held numerous
discussions over the past 24 months with representatives of Gilead and
hope that Gilead is willing to accept the Board’s offer for a
continuing, constructive dialogue in a prudent and timely manner. CPSI’s
Board and management team are committed to creating value for all
stockholders over the near- and long-term, and will continue to take
meaningful actions to achieve this objective.
CPSI is a leading provider of healthcare solutions and services for
community hospitals, their clinics and post-acute care facilities.
Founded in 1979, CPSI is the parent of three companies – Evident, LLC,
American HealthTech, Inc. and TruBridge, LLC. Our combined companies are
focused on helping improve the health of the communities we serve,
connecting communities for a better patient care experience, and
improving the financial operations of our customers. Evident provides
comprehensive EHR solutions for community hospitals and their affiliated
clinics. American HealthTech is one of the nation’s largest providers of
EHR solutions and services for post-acute care facilities. TruBridge
focuses on providing business, consulting and managed IT services, along
with its complete RCM solution for all care settings. For more
information, visit www.cpsi.com.
Information in this release may involve plans, intentions,
expectations, strategies, outlooks, beliefs or other statements
regarding the future, including statements regarding the Company’s
business strategy and cost-reduction efforts, which are forward-looking
statements within the meaning of the “safe harbor” provisions of the
Private Securities Litigation Reform Act of 1995.These
forward-looking statements are based upon management's present plans,
intentions, hopes or strategies regarding the future and involve risks
and uncertainties that could cause actual events or developments to be
materially different from those indicated in such forward-looking
statements.Such risks and uncertainties include, but are not
limited to, risks and uncertainties that are contained in the Company's
most recently filed Form 10-K, as well as the Company's quarterly and
current reports filed on Form 10-Q and Form 8-K from time to time with
the Securities and Exchange Commission.All information included
in this release is based upon information available to CPSI as of the
date of the release, and the Company assumes no obligation to update any
such forward-looking statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190122005961/en/
Tracey Schroeder, 251-639-8100
Chief Marketing Officer
Ross Lovern, 212-521-4866