Misys CEO resigns
NEWS IN BRIEF — Posted Feb. 5, 2007
Tom Skelton, who had led Raleigh, N.C.-based Misys Healthcare Systems since 2000, resigned in January, as the division of London-based Misys announced falling revenues and profits.
The health care division sells electronic medical records and other systems to hospitals and to physician practices.
The company announced in January that its revenue fell 6% to about $290 million for the six months ending in November 2006. Meanwhile, the company's profits dropped 22% to $35.5 million.
Analysts say the company has been hurt by more intense competition in the electronic health sector and by a sales force reorganization that disrupted sales for a time.
The company said its business to practices with fewer than 10 physicians had dropped off over the six-month financial period, but that business has since bumped up slightly.
Note: This item originally appeared at http://www.ama-assn.org/amednews/2007/02/05/bibf0205.htm.