Allscripts Cleans House: Cerner’s Paul Black Replaces Tullman, Shapiro, etc.
Tags: allscripts Tullman steps down, Cerner, paul black replaces tullman and shapiro
With high profile deals going to competitors and the companyâ€™s stock in a serious slump, Allscripts must have been a tough place to work lately. Its failure to hit financial projections in April led to the firing of its board chairman Philip Pead, the resignations of three other board members and a quick exit for the companyâ€™s CFO William Davis.Â And now, the rest of its C-Suite has been put out of its misery.
Paul Black, a former COO of Cerner Corporation is replacing Glen Tullman, who is stepping down as Allscripts CEO. Black, 54, who retired from Cerner back in 2007 after 12 years, not only replaces Tullman, but Lee Shapiro, Allscripts’ president, as well.
â€śI look forward to building on the many successes achieved by the Allscripts team,â€ť Black said in the news release. â€śWithout underestimating the challenges ahead, we have compelling open-platform solutions, an impressive global client base and a very dedicated and talented team. We will improve the execution of our strategic vision, deliver on our worldwide client commitments and continue to innovate. Our focus will be on creating long-term value for our shareholders.”
“It’s always been Allscripts’ goal to revolutionize healthcare, and I am proud that Allscripts’ employees have moved this industry forward in both the U.S. and abroadâ€”enabling more people to access our healthcare systems, adding thousands of jobs and developing an industry that will be one of the biggest future growth engines of the U.S. economy,” Tullman said in the release. “Allscripts’ team has shown great resilience and dedication, and I appreciate their hard work to build Allscripts into a leading provider of clinical software, connectivity and information solutions. I am confident that Allscripts is in good hands and has a bright future ahead.â€ť
I would say it a little differently. I would say that Paul Black has his hands full. Given his background in operations and more recently, in private equity, look for Black to do what comes naturally — shore up the ship and investigate/execute on some of the M&A “options” foreshadowed by Tullman as recently as last month.