Analysts have a consensus target price of $ 15.29 in the 12-month period. The price objective is 16.72 % higher than the recent closing price of $13.10. The 52-week price range is $ 11.47 – 15.78 and the company has a market capitalization of $ 2.48B. Analysts covering the shares maintain a consensus Buy rating, according to Zacks Investment Research. zero analyst has rated the stock with a sell rating, 12 has assigned a hold rating, 1 says it’s a buy, and 9 have assigned a strong buy rating to the company.
Netsmart on March 23, 2016 announced a new venture with GI Partners and Allscripts Healthcare Solutions Inc (MDRX) as investors. As a part of the venture, Netsmart will merge the Allscripts Homecare™ business unit into the Netsmart CareFabric® suite of solutions, enabling Homecare clients to leverage Netsmart’s broad range of solutions, services, and investments in business efficiencies, clinical innovation and care coordination. Also as a new investor in Netsmart, GI Partners will provide investments and resources that will allow Netsmart to more rapidly accelerate ongoing expansion into the evolving integrated healthcare technology sector.
The addition of the home care business unit firmly establishes Netsmart as the largest human services and post-acute technology provider in healthcare. Netsmart will now serve more than 24,000 home health, private duty, hospice and human services organizations, including more than 500,000 care providers.
The Homecare solution combines business, clinical and scheduling functionality for home health, hospice and private duty, automating processes from engaging in care for patients to billing and accounts receivables. It serves as a fully integrated home care solution for large home care organizations and small home care companies nationwide.
“Over the last five years, Netsmart has invested heavily in new product development, enhanced our technology and cloud capabilities, grown our support and client organizations and started several new add-on businesses to complement existing offerings,” said Netsmart CEO Mike Valentine. “As a result of these and other initiatives, Netsmart revenues, client counts and the number of associates working for the company have all nearly tripled.”
“This new venture marks the next phase in our strategy to provide our clients with broader-based capabilities at a time of unprecedented change,” said Valentine. “The requirements for organizations using the Homecare solution align well with the capabilities we provide to our current client communities — solutions that go beyond the basic electronic medical record like cloud services, revenue cycle management, data analytics, care coordination and consumer engagement technologies.”
0 yorum:
Yorum Gönder