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Hospital Software Firm Grows Conservatively.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: David Saito-Chung
Computer Programs & Systems debuted on the Nasdaq in May at $17 a share and made its way to a high of 25.25, up 49%. The stock is now working on an eight-week base.
The Mobile, Ala.-based firm's software helps hospitals and clinics manage billing, prescriptions and other clinical and financial tasks. The firm does not record revenue in its books until after it has installed its products at the client's site.
Computer Programs has no debt and has never acquired another company in its 23-year history, according to a July 11 New America article. Rivals include Cerner ...
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