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    New insider Stonehill Capital Management Llc claimed ownership of 10,824,862 shares (SEC Form 3) (Amendment)

    3/15/24 5:15:47 PM ET
    $MDRX
    EDP Services
    Technology
    Get the next $MDRX alert in real time by email
    SEC FORM 3/A SEC Form 3
    FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549

    INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
    or Section 30(h) of the Investment Company Act of 1940
    OMB APPROVAL
    OMB Number: 3235-0104
    Estimated average burden
    hours per response: 0.5
    1. Name and Address of Reporting Person*
    STONEHILL CAPITAL MANAGEMENT LLC

    (Last) (First) (Middle)
    320 PARK AVENUE
    26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)
    2. Date of Event Requiring Statement (Month/Day/Year)
    02/28/2024
    3. Issuer Name and Ticker or Trading Symbol
    Veradigm Inc. [ MDRX ]
    4. Relationship of Reporting Person(s) to Issuer
    (Check all applicable)
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    5. If Amendment, Date of Original Filed (Month/Day/Year)
    03/04/2024
    6. Individual or Joint/Group Filing (Check Applicable Line)
    Form filed by One Reporting Person
    X Form filed by More than One Reporting Person
    Table I - Non-Derivative Securities Beneficially Owned
    1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
    Common Stock, par value $0.01 per share 5,087,686 I See Footnotes(1)(3)
    Common Stock, par value $0.01 per share 5,737,176 I See Footnotes(2)(3)
    Table II - Derivative Securities Beneficially Owned
    (e.g., puts, calls, warrants, options, convertible securities)
    1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
    Date Exercisable Expiration Date Title Amount or Number of Shares
    0.875% Convertible Senior Notes due 2027 12/31/2021 01/01/2027 Common Stock 44,307 (4) I See Footnotes(1)(3)
    0.875% Convertible Senior Notes due 2027 12/31/2021 01/01/2027 Common Stock 49,939 (4) I See Footnotes(2)(3)
    1. Name and Address of Reporting Person*
    STONEHILL CAPITAL MANAGEMENT LLC

    (Last) (First) (Middle)
    320 PARK AVENUE
    26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    STONEHILL MASTER FUND LTD.

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    STONEHILL INSTITUTIONAL PARTNERS LP

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    MOTULSKY JOHN

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    Sacks Jonathan S

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    SISITSKY PETER

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    THOYER MICHAEL

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    Stern Michael Lenard

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    Arora Samir

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    1. Name and Address of Reporting Person*
    Zwahlen Garrett

    (Last) (First) (Middle)
    C/O STONEHILL CAPITAL MANAGEMENT LLC
    320 PARK AVENUE, 26TH FLOOR

    (Street)
    NEW YORK NY 10022

    (City) (State) (Zip)

    Relationship of Reporting Person(s) to Issuer
    Director X 10% Owner
    Officer (give title below) Other (specify below)
    Explanation of Responses:
    1. Held directly by Stonehill Master Fund Ltd (the "Master Fund").
    2. Held directly by Stonehill Institutional Partners, L.P. (the "Fund").
    3. Stonehill Capital Management LLC ("Management") is the manager of the Fund and the Master Fund. John Motulsky, Jonathan Sacks, Peter Sisitsky, Michael Thoyer, Michael Stern, Samir Arora and Garrett Zwahlen are the managing members of Management. The reporting persons disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest therein, and this report shall not be deemed an admission that the reporting persons are the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
    4. Senior Notes due 2027 (the "Notes") are convertible into shares of the Issuer's common stock at a conversion rate of 75.0962 shares of common stock The 0.875% Convertible per $1,000 principal amount of the Notes (subject to adjustment pursuant to the terms of the Notes).
    Remarks:
    This amendment to the Form 3 filed on March 4, 2024 (the "Original Form 3") is being filed to add Stonehill Master Fund Ltd. (the "Master Fund"), Samir Arora and Garrett Zwahlen as additional reporting persons. The Master Fund, Mr. Arora and Mr. Zwahlen were named in the explanation of responses in the Original Form 3 and signed the Joint Filer Information and Signatures filed with the Original Form 3 as Exhibit 99.1, but were not included as reporting persons as they did not have codes to make filings on the EDGAR system.
    /s/ Paul Malek, Stonehill Capital Management LLC, By: Paul Malek, authorized signatory 03/15/2024
    ** Signature of Reporting Person Date
    Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
    * If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
    ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
    Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
    Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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