Next Things First

Lehman’s Woes Ripple Through Health Care IT by Rob Coppedge
September 17, 2008, 11:52 pm
Filed under: economy | Tags:

As Bernie Monegain writes in Health Care IT News, Misys is rushing to replace a $300 million credit facility integral to its merger with Allscripts but left bare by Lehman’s bankruptcy.

“London-based Misys PLC announced in London Tuesday it would postpone to Oct. 6 its scheduled Sept. 22 extraordinary general meeting to approve the merger with a subsidiary of Chicago-based Allscripts Healthcare. As part of the proposed merger Lehman Brothers committed to a $305 million term and revolving credit facility agreement with Misys. With Lehman declaring Chapter 11 bankruptcy Monday, Misys executives are left scrambling for other funding.”


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