• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI SuperconnectorNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Superconnector
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    Computer Programs and Systems Inc. filed SEC Form 8-K: Financial Statements and Exhibits (Amendment)

    1/2/24 11:15:00 AM ET
    $CPSI
    EDP Services
    Technology
    Get the next $CPSI alert in real time by email
    Form 8-K/A
    COMPUTER PROGRAMS & SYSTEMS INC true 0001169445 0001169445 2023-10-16 2023-10-16

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    FORM 8-K/A

    (Amendment No. 1)

     

     

    CURRENT REPORT

    Pursuant to Section 13 or 15(d)

    of the Securities Exchange Act of 1934

    Date of report (Date of earliest event reported): January 2, 2024 (October 16, 2023)

     

     

    COMPUTER PROGRAMS AND SYSTEMS, INC.

    (Exact Name of Registrant as Specified in Charter)

     

     

     

    Delaware   000-49796   74-3032373

    (State of

    Incorporation)

     

    (Commission

    File Number)

     

    (IRS Employer

    Identification No.)

    54 St. Emanuel Street, Mobile, Alabama 36602

    (Address of Principal Executive Offices, including Zip Code)

    (251) 639-8100

    (Registrant’s telephone number, including area code)

    N/A

    (Former Name or Former Address, if Changed Since Last Report)

     

     

    Securities registered pursuant to Section 12(b) of the Act:

     

    Title of each class

     

    Trading
    Symbol(s)

     

    Name of each exchange

    on which registered

    Common Stock, par value $.001 per share   CPSI   The NASDAQ Stock Market LLC

    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

     

    ☐

    Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

     

    ☐

    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

     

    ☐

    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

     

    ☐

    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

    Emerging growth company ☐

    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

     

     

     


    Explanatory Note

    This Amendment No. 1 on Form 8-K/A amends the Current Report on Form 8-K of Computer Programs and Systems, Inc., a Delaware corporation (“CPSI”), filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 17, 2023 (the “Original Form 8-K”). The Original Form 8-K reported CPSI’s acquisition of Viewgol, LLC, a Delaware limited liability company (the “Acquisition”). Except as set forth below, the Original Form 8-K is unchanged.

     

    Item 9.01

    Financial Statements and Exhibits

     

    (a)

    Financial statements of businesses or funds acquired.

     

    (b)

    Pro forma financial information.

    CPSI disclosed in the Original Form 8-K that financial statements required by Item 9.01(a) of Form 8-K and pro forma financial information required by Item 9.01(b) of Form 8-K relating to the Acquisition would be filed by an amendment to the Original Form 8-K no later than 71 calendar days after the filing of the Original Form 8-K. Subsequent to the filing of the Original Form 8-K and upon further analysis, CPSI determined that it is not required to file such financial statements or pro forma financial information required under Item 9.01(a) or (b), respectively, because the Acquisition was not “significant” as defined in Regulation S-X promulgated by the SEC. Accordingly, CPSI hereby amends the Original Form 8-K to eliminate references to the subsequent filing of financial statements required by Item 9.01(a) and pro forma financial information required by Item 9.01(b) relating to the Acquisition.

     

     

    1


    SIGNATURES

    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

     

        COMPUTER PROGRAMS AND SYSTEMS, INC.
    Date: January 2, 2024     By:  

    /s/ Christopher L. Fowler

        Christopher L. Fowler
        President and Chief Executive Officer
    Get the next $CPSI alert in real time by email

    Crush Q3 2025 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $CPSI

    DatePrice TargetRatingAnalyst
    1/3/2024$12.00Equal Weight
    Barclays
    8/15/2023$24.00Overweight
    Cantor Fitzgerald
    4/12/2023$30.00Equal-Weight
    Stephens
    3/4/2022$31.00 → $39.00Hold
    Deutsche Bank
    3/3/2022$35.00 → $38.00Outperform
    SVB Leerink
    2/16/2022$37.00 → $35.00Outperform
    SVB Leerink
    12/9/2021$35.00 → $33.00Hold
    Deutsche Bank
    More analyst ratings

    $CPSI
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Tobin Glenn bought $84,420 worth of shares (10,500 units at $8.04), increasing direct ownership by 44% to 34,347 units (SEC Form 4)

    4 - TruBridge, Inc. (0001169445) (Issuer)

    3/8/24 3:41:20 PM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    CPSI Announces Fourth Quarter and Full Year 2023 Results

    CPSI (NASDAQ:CPSI), a healthcare solutions company, today announced results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Overview All comparisons are to the fourth quarter ended December 31, 2022, unless otherwise noted. Bookings of $26.0 million compared to $24.7 million Total revenue of $85.9 million compared to $83.2 million Revenue Cycle Management (RCM) revenue of $51.0 million compared to $45.7 million RCM revenue represented 60.7% of CPSI's total recurring revenue and 59.3% of CPSI's total revenue GAAP loss per diluted share of $(2.92) and non-GAAP earnings per diluted share of $0.36 Adjusted EBITDA of $12.0 million comp

    2/29/24 4:05:00 PM ET
    $CPSI
    EDP Services
    Technology

    CPSI to Webcast Its Fourth Quarter and Year-End 2023 Conference Call

    CPSI (NASDAQ:CPSI), a healthcare solutions company, today announced that it will release its financial results for the fourth quarter and year ended December 31, 2023, on Thursday, February 29, 2024, after the market closes. The Company will host a conference call at 4:30 p.m. Eastern Time that same day. The live broadcast of CPSI's conference call will be available online at the Company's website, www.cpsi.com. The 30-day online replay will be available approximately an hour following the conclusion of the live broadcast. About CPSI CPSI has over four decades of experience in connecting providers, patients and communities with innovative solutions that support both the clinical and fin

    2/22/24 3:00:00 PM ET
    $CPSI
    EDP Services
    Technology

    PointClickCare Acquires CPSI Subsidiary, American HealthTech

    CPSI selects PointClickCare to support AHT customers with access to a best-in-class suite of products and solutions, and the most expansive care collaboration network PointClickCare Technologies, a leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights at every stage of the patient healthcare journey, today announced the acquisition of American HealthTech, Inc. (AHT), a subsidiary of Computer Programs and Systems, Inc. (NASDAQ:CPSI) and a leading provider of electronic health record (EHR) solutions and related services for the post-acute care market. CPSI, a community healthcare solutions company, announced the divestment of AHT and selec

    1/17/24 9:30:00 AM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    SEC Filings

    View All

    SEC Form 8-K filed by Computer Programs and Systems Inc.

    8-K - TruBridge, Inc. (0001169445) (Filer)

    3/4/24 3:12:13 PM ET
    $CPSI
    EDP Services
    Technology

    Computer Programs and Systems Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Results of Operations and Financial Condition, Financial Statements and Exhibits

    8-K - COMPUTER PROGRAMS & SYSTEMS INC (0001169445) (Filer)

    2/29/24 4:18:30 PM ET
    $CPSI
    EDP Services
    Technology

    SEC Form 8-K filed by Computer Programs and Systems Inc.

    8-K - COMPUTER PROGRAMS & SYSTEMS INC (0001169445) (Filer)

    2/7/24 4:28:33 PM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    Barclays initiated coverage on Computer Programs with a new price target

    Barclays initiated coverage of Computer Programs with a rating of Equal Weight and set a new price target of $12.00

    1/3/24 7:44:13 AM ET
    $CPSI
    EDP Services
    Technology

    Cantor Fitzgerald initiated coverage on Computer Programs with a new price target

    Cantor Fitzgerald initiated coverage of Computer Programs with a rating of Overweight and set a new price target of $24.00

    8/15/23 7:15:55 AM ET
    $CPSI
    EDP Services
    Technology

    Stephens initiated coverage on Computer Programs with a new price target

    Stephens initiated coverage of Computer Programs with a rating of Equal-Weight and set a new price target of $30.00

    4/12/23 7:18:53 AM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    Cronkite Wes covered exercise/tax liability with 1,456 shares, decreasing direct ownership by 7% to 20,589 units (SEC Form 4)

    4 - TruBridge, Inc. (0001169445) (Issuer)

    3/11/24 7:30:06 PM ET
    $CPSI
    EDP Services
    Technology

    Dye David A covered exercise/tax liability with 3,019 shares, decreasing direct ownership by 4% to 65,721 units (SEC Form 4)

    4 - TruBridge, Inc. (0001169445) (Issuer)

    3/11/24 7:28:26 PM ET
    $CPSI
    EDP Services
    Technology

    Plessner Kevin covered exercise/tax liability with 734 shares, decreasing direct ownership by 14% to 4,549 units (SEC Form 4)

    4 - TruBridge, Inc. (0001169445) (Issuer)

    3/11/24 7:27:09 PM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    Leadership Updates

    Live Leadership Updates

    View All

    PointClickCare Acquires CPSI Subsidiary, American HealthTech

    CPSI selects PointClickCare to support AHT customers with access to a best-in-class suite of products and solutions, and the most expansive care collaboration network PointClickCare Technologies, a leading healthcare technology platform enabling meaningful collaboration and access to real‐time insights at every stage of the patient healthcare journey, today announced the acquisition of American HealthTech, Inc. (AHT), a subsidiary of Computer Programs and Systems, Inc. (NASDAQ:CPSI) and a leading provider of electronic health record (EHR) solutions and related services for the post-acute care market. CPSI, a community healthcare solutions company, announced the divestment of AHT and selec

    1/17/24 9:30:00 AM ET
    $CPSI
    EDP Services
    Technology

    CPSI Appoints Vinay Bassi as New Chief Financial Officer

    CPSI (NASDAQ:CPSI), a community healthcare solutions company, today announced that it has appointed Vinay Bassi as Chief Financial Officer, effective January 1, 2024. The Company's current Chief Financial Officer, Matt Chambless, will remain as an advisor to the Company for a period of time following January 1, 2024, in order to support the transition from Mr. Chambless to Mr. Bassi. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231106790711/en/CPSI Appoints Vinay Bassi as New Chief Financial Officer (Photo: Business Wire) "We look forward to welcoming Vinay to CPSI in the new year," said Chris Fowler, Chief Executive Officer o

    11/7/23 4:05:00 PM ET
    $CPSI
    EDP Services
    Technology

    CPSI Announces Business Unit and Executive Leadership Changes

    Healthcare Solutions Leader Shares Strategic Leadership Updates Following Notable Quarterly Performance, Supporting Organizational Transformation and Solidifying Commitment to Improved Access to Care CPSI (NASDAQ:CPSI), a healthcare solutions company, is pleased to announce executive-level changes and three new strategic business unit appointments spanning the organization, including revenue cycle management (RCM), patient engagement, and the core electronic health records (EHR). The business unit leadership changes swiftly follow the appointment of President and Chief Executive Officer Chris Fowler. The talent changes support the larger organizational transformation beyond community hospi

    11/2/22 12:15:00 PM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    Financials

    Live finance-specific insights

    View All

    CPSI Announces Fourth Quarter and Full Year 2023 Results

    CPSI (NASDAQ:CPSI), a healthcare solutions company, today announced results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Financial Overview All comparisons are to the fourth quarter ended December 31, 2022, unless otherwise noted. Bookings of $26.0 million compared to $24.7 million Total revenue of $85.9 million compared to $83.2 million Revenue Cycle Management (RCM) revenue of $51.0 million compared to $45.7 million RCM revenue represented 60.7% of CPSI's total recurring revenue and 59.3% of CPSI's total revenue GAAP loss per diluted share of $(2.92) and non-GAAP earnings per diluted share of $0.36 Adjusted EBITDA of $12.0 million comp

    2/29/24 4:05:00 PM ET
    $CPSI
    EDP Services
    Technology

    CPSI to Webcast Its Fourth Quarter and Year-End 2023 Conference Call

    CPSI (NASDAQ:CPSI), a healthcare solutions company, today announced that it will release its financial results for the fourth quarter and year ended December 31, 2023, on Thursday, February 29, 2024, after the market closes. The Company will host a conference call at 4:30 p.m. Eastern Time that same day. The live broadcast of CPSI's conference call will be available online at the Company's website, www.cpsi.com. The 30-day online replay will be available approximately an hour following the conclusion of the live broadcast. About CPSI CPSI has over four decades of experience in connecting providers, patients and communities with innovative solutions that support both the clinical and fin

    2/22/24 3:00:00 PM ET
    $CPSI
    EDP Services
    Technology

    CPSI Announces Third Quarter 2023 Results

    CPSI (NASDAQ:CPSI), a healthcare solutions company, today announced results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Overview All comparisons are to the quarter ended September 30, 2022, unless otherwise noted. Bookings of $16.2 million compared to $20.5 million Total revenue of $82.7 million compared to $82.8 million Revenue Cycle Management (RCM) revenue of $46.6 million compared to $46.9 million RCM revenue represented 58.2 % of CPSI's total recurring revenue and 56.3% of CPSI's total revenue GAAP net loss of $(3.6) million and non-GAAP net income of $6.3 million GAAP loss per diluted share of $(0.24) and non-GAAP earnings per d

    11/8/23 4:05:00 PM ET
    $CPSI
    EDP Services
    Technology

    $CPSI
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    SEC Form SC 13G/A filed by Computer Programs and Systems Inc. (Amendment)

    SC 13G/A - TruBridge, Inc. (0001169445) (Subject)

    3/6/24 12:15:36 PM ET
    $CPSI
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Computer Programs and Systems Inc. (Amendment)

    SC 13G/A - COMPUTER PROGRAMS & SYSTEMS INC (0001169445) (Subject)

    2/13/24 5:02:29 PM ET
    $CPSI
    EDP Services
    Technology

    SEC Form SC 13G/A filed by Computer Programs and Systems Inc. (Amendment)

    SC 13G/A - COMPUTER PROGRAMS & SYSTEMS INC (0001169445) (Subject)

    1/30/24 12:41:10 PM ET
    $CPSI
    EDP Services
    Technology