Science & Technology
Science and Technology
Science and Technology
Fri, June 11, 2010 Eclipsys to Present at the William Blair & Companya?s 30th Annual Growth Stock Conference
ATLANTA--([ BUSINESS WIRE ])--Eclipsys Corporation (NASDAQ: ECLP), The Outcomes Company®, will be participating in the William Blair & Companya™s 30th Annual Growth Stock Conference on Tuesday, June 15, in Chicago, IL.
"Management's Discussion and Analysis of Financial Condition and Results of Operations."
Eclipsysa" representatives will present at the conference at 12:10 p.m. Central Time. Interested parties are invited to listen to the presentation via webcast at: [ http://www.wsw.com/webcast/blair36/eclp/ ]
Listeners are encouraged to log on to the Web site approximately 10 minutes prior to the presentation start time to download the necessary software. A replay of the webcast will be archived in the Investor Relations area of the Eclipsys Web site following the presentation.
About Eclipsys
Eclipsys is a leading provider of advanced integrated clinical, revenue cycle and performance management software, clinical content and professional services that help healthcare organizations improve clinical, financial and operational outcomes. For more information, see [ www.eclipsys.com ] or email [ info@eclipsys.com ].
Forward-Looking Statements
Management's prepared remarks and answers to questions during the presentation referenced in this release, including those concerning the company's financial results, operational initiatives, future performance expectations, effects of economic conditions, the proposed merger transaction with Allscripts-Misys Healthcare Solutions, Inc. (aAllscriptsa), and the combined companya™s plans, objectives, expectations and intentions, platform and product integration, the connection and movement of data among hospitals, physicians, patients and others, merger synergies and cost savings, client attainment of ameaningful usea and accessibility of federal stimulus payments, enhanced competitiveness and accessing new client opportunities, market evolution, the benefits of the combined companiesa™ products and services, the reduction of Misys plca™s ownership of Allscripts and related availability of financing and viability of an Allscriptsa™ secondary public offering, future events, developments, future performance, as well as managementa™s expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements and actual results may differ materially from those projected or implied by the forward-looking statements due to a variety of risks and uncertainties. Future performance expectations are predicated upon achievement of various sales and performance targets that may be difficult to meet. Economic conditions are unstable and may cause hospitals and other healthcare providers to curtail HIT system spending. Eclipsys' cost reduction and other initiatives in response to the challenging economic environment, including initiatives designed to improve operational efficiencies, may not be effective, and it is difficult to predict what the company may be able to achieve. Eclipsys sales may fall below expectations due to market conditions, competition, and other factors, including client demands for pricing and financing concessions. Costs may be greater than anticipated due to the potential need to increase spending to ensure performance in accordance with commitments to clients, regulatory requirements and other factors. Software development may take longer and cost more than expected, and incorporation of anticipated features and functionality (including as required to comply with ARRA and related regulations, as well as other certification standards) may be delayed, due to various factors including programming and integration challenges and resource constraints. The market is highly competitive. Implementation and customization of Eclipsys software is complex and time-consuming. Results depend upon a variety of factors and can vary by client. Each client's circumstances are unique and may include unforeseen issues that make it more difficult than anticipated to implement or derive benefit from software, implementation or consulting services. The success and timeliness of the company's services will depend at least in part upon client involvement, which can be difficult to control. Eclipsys is required to meet specified performance standards and regulatory requirements, and clients can terminate contracts, assess penalties or reduce contract scope under certain circumstances.
In addition, no assurances can be given that the proposed merger will close, or that any future events as suggested by forward-looking statements regarding the proposed merger transaction with Allscipts will transpire or occur, or if any of them do so, what impact they will have on the results of operations or financial condition of Allscripts, Eclipsys or the combined company or the proposed transaction. These forward-looking statements are subject to a number of risks, uncertainties and other factors that include, among other things: the need to satisfy conditions to closing of the merger, including obtaining governmental approvals and approvals from the stockholders of Eclipsys, Allscripts and Misys plc of the merger and related transactions on the proposed terms and schedule contemplated by the parties; the possibility that the expected synergies, efficiencies and cost savings of the proposed transaction will not be realized at all or within the expected time period; potential difficulties or delays in achieving platform and product integration and the connection and movement of data among hospitals, physicians, patients and others; the risk that the contemplated Allscriptsa™ financing is unavailable or that the contemplated Allscriptsa™ secondary offering is not viable; the risk that the Allscripts and Eclipsys businesses will not be integrated successfully; disruption from the proposed transaction making it more difficult to maintain business and operational relationships; competition within the industries in which Allscripts and Eclipsys operate; failure to achieve certification under the Health Information Technology for Economic and Clinical Health Act could result in increased development costs, a breach of some customer obligations and could put Allscripts and Eclipsys at a competitive disadvantage in the marketplace; unexpected requirements to achieve interoperability certification pursuant to the Certification Commission for Healthcare Information Technology could result in increased development and other costs for Allscripts and Eclipsys; the volume and timing of systems sales and installations, the length of sales cycles and the installation process and the possibility that Allscriptsa™ and Eclipsysa™ products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; Allscriptsa™ and Eclipsysa™ ability to establish and maintain strategic relationships; undetected errors or similar problems in Allscriptsa™ and Eclipsysa™ software products; the outcome of any legal proceeding that has been or may be instituted against Allscripts, Misys plc or Eclipsys and others; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry, including possible regulation of Allscriptsa™ and Eclipsysa™ software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; Allscriptsa™ and Eclipsysa™ ability to attract and retain qualified personnel; the implementation and speed of acceptance of the electronic record provisions of the American Recovery and Reinvestment Act of 2009; maintaining Allscriptsa™ and Eclipsysa™ intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers and Allscriptsa™ and Eclipsysa™ ability to obtain, use or successfully integrate third-party licensed technology; and breach of Allscriptsa™ or Eclipsysa™ security by third parties.
More information about company risks is available in recent Form 10-K and other filings made by Eclipsys from time to time with the Securities and Exchange Commission. Special attention is directed to the portions of those documents entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations."
Eclipsys and The Outcomes Company are either registered trademarks or trademarks of Eclipsys Corporation (or its subsidiaries) in the United States and certain other countries.
