Allscripts looks to sell business unit, repurchase stock

Allscripts-Misys Healthcare Solutions said it intends to sell its Medication Services division, which offers point-of-care management as well as supply solutions for doctors and other providers. The move will allow the company to concentrate on its health data business and connectivity products, CEO Glen Tullman said. The firm's board also approved a stock buyback program worth $150 million that will be implemented over the coming two years.

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