Here are eight recent news updates on health IT companies.
1. Allscripts released its earnings results for the first quarter of 2018 on May 3, posting $514 million in revenue.
2. Allscripts entered into a definitive agreement to acquire HealthGrid for $60 million in cash, plus up to $50 million in earnout payments, April 27.
3. Elliott Management made an all-cash offer for athenahealth at $160 per share, according to a letter the investment management firm sent to athenahealth's management team May 7.
4. U.S. Department of Veterans Affairs Interim Secretary Robert Wilkie plans to award Cerner an estimated $16 billion contract for the agency's EHR modernization project by May 28.
5. The University of Kansas Medical Center in Kansas City entered into a research collaboration with Garmin International to study whether the technology company's wearable devices can detect various medical conditions, Garmin announced May 1.
6. Google rebranded its research division "Google AI" to reflect the company's growing focus on artificial intelligence research, the company confirmed in a May 7 blog post.
7. Oracle Corp. will release blockchain products during the next two months, Thomas Kurian, president of product development, announced May 7.
8. Spok formed two clinical advisory councils to inform continued development of the company's Spok Care Connect platform, the healthcare communications company announced May 8.