TruBridge, Inc. (NASDAQ:TBRG) (the "Company"), a healthcare solutions company, announced today that its Board of Directors (the "Board") voted unanimously to adopt a limited duration stockholder rights plan (the "Rights Plan") to protect stockholders' interests and maximize value for all stockholders.
The Rights Plan is similar to plans adopted by other public companies and is designed to ensure that all of the Company's stockholders have the opportunity to realize the long-term value of their investment in the Company and to guard against abusive tactics so that no person, entity or group can gain a control or control-like position in the Company through open market accumulations of the Company's common stock or other tactics potentially disadvantaging the interests of the Company's stockholders without negotiating with the Board and without paying an appropriate control premium to all stockholders.