September 7, 2007 - Clinical software maker Allscripts has been named one of Fortune magazine's 100 fastest-growing companies for 2007.
The list, comprised of public companies, appears in the Sept. 17 issue of Fortune and is available online now at www.fortune.com. Allscripts, which was ranked No. 23 overall, was one of only seven companies in the healthcare sector to make this year's list.
"We are pleased to be recognized as one of Fortune's 100 Fastest-Growing Companies for 2007," said Glen Tullman, CEO of Allscripts. "We have experienced strong growth across all of our business lines, which is a great tribute to our organization and the people on the front lines who deliver day in and day out for our clients."
Fortune joined with Zacks Investment Research to compile the list of the 100 fastest-growing companies. In order to qualify for this year's listing, a company must be incorporated in the U.S.; have a minimum market capitalization of $250 million; have a stock price of at least $5; have been trading continuously since June 30, 2004; have revenue and net income for the four quarters ended on or before May 31, 2007 of at least $50 million and $10 million, respectively; and have posted a compound annual growth in revenue and earnings per share of at least 25 percent annually over the three years ended on or before May 31, 2007. All companies that met these criteria were ranked by their revenue growth rate; their EPS growth rate; and their three-year annualized total return to investors for the period ended June 30, 2007.
Allscripts provides clinical software, connectivity and information solutions that physicians use to improve healthcare.
For more information: www.fortune.com