Allscripts Fires Longtime CEO, Cancels Plan to Sell Itself

Glen Tullman, CEO since 1999, was replaced by board member Paul Black, former COO of Cerner Corp.

Allscripts Health Solutions Inc., a provider of electronic health records, fired its chief executive officer of more than a decade and said the company no longer plans to sell itself. The shares fell as much as 19 percent.

Glen Tullman, who joined Allscripts in 1997 and was the CEO since the company first sold shares to the public in July 1999, was terminated without cause, Chicago-based Allscripts said in a regulatory filing. He was replaced by Paul Black, 54, a current board member and former chief operating officer of Cerner Corp., a competing health-care information company.

Copyright 2016 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Comments

Advertisement. Closing in 15 seconds.