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Allscripts Healthcare Solutions adjusts FY'16 guidance

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Allscripts Healthcare Solutions adjusts FY'16 guidance

AllscriptsHealthcare Solutions Inc. adjusted its for 2016.

The new guidance reflects the consolidation of the NetsmartTechnologies Inc. jointventure into the company's financial statements, beginning in thesecond quarter, according to a May 5 news release. The joint venture willcombine the Allscripts Homecare business with Netsmart's Care Fabric suite ofsolutions.

Allscripts increased its expected revenue to between $1.58billion and $1.61 billion, equal to midpoint range growth of 15% year overyear, versus its previous estimate of between $1.43 billion and $1.46 billion.Adjusted EBITDA was also raised to between $280 million and $300 million, equalto midpoint range growth of 20% year over year, versus its previous estimate ofbetween $265 million and $285 million.

The company reiterated its non-GAAP EPS guidance of between55 cents and 62 cents, equal to midpoint range growth of 24% year over year.

The S&P Capital IQ consensus normalized EPS estimate for2016 is 58 cents.

Allscripts reported first-quarter GAAP net incomeattributable to stockholders of $2.0 million, or 1 cent per share, comparedwith a net loss attributable to stockholders of $10.1 million, or 6 cents pershare, in the prior-year period. Non-GAAP net income attributable to thecompany for the first quarter totaled $25.0 million, or 13 cents per share,compared with $14.9 million, or 8 cents per share, in the year-ago quarter.

The S&P Capital IQ consensus normalized EPS estimate forthe quarter was 12 cents.