- Push-out Score determined
- After around nine years in the position
- Rick Poulton taking over
(exechange) — Chicago, Illinois, May 5, 2022 — Paul Black, chief executive of Allscripts, leaves. As announced by Allscripts Healthcare Solutions Inc. in a regulatory filing published on Thursday, May 5, 2022, Paul M. Black leaves his post as chief executive officer at the company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record technology, after around nine years in the role, effective May 6, 2022.
Paul Black’s duties as CEO will be taken over by Richard (Rick) Poulton, most recently President and Chief Financial Officer at Allscripts Healthcare Solutions Inc.
No reason given
In the announcement, Allscripts did not explicitly explain the reason for the move.
Precise information regarding Paul Black’s future plans was not immediately available.
“Will no longer serve”
Allscripts said: “[E]ffective as of May 6, 2022 (the “Effective Date”), Mr. Black will no longer serve as Chief Executive Officer and will remain an employee of the Company, serving as Executive Consultant to the Company, through June 30, 2022 (the “Transition Date”).”
Share price increase since May 2017
The announcement follows an increase in Allscripts Healthcare Solutions Inc.’s share price of 72% since May 2017.
In the position of CEO since 2012
Paul Black became CEO of the Company in 2012.
Paul Black has served as the Company’s Chief Executive Officer since December 2012 and has also served as a member of the Company’s Board of Directors.
Black also served as the Company’s President from December 2012 to September 2015.
Prior to joining Allscripts, Black served as Operating Executive of Genstar Capital, LLC, a private equity firm, and Senior Advisor at New Mountain Finance Corporation, an investment management company.
From 1994 to 2007, Black served in various executive positions (including Chief Operating Officer from 2005 to 2007) at Cerner Corporation, a healthcare IT company.
Black has also served as a director and Chairman (2010 to 2012) of Truman Medical Centers from 2001 to 2017.
He serves on the boards of the Harry S. Truman Presidential Library, the University of Kansas Health System Advancement Board and the Nanovic Institute of European Studies at the University of Notre Dame.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Paul Black’s move on a scale of 0 to 10.
exechange reached out to Allscripts and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 20.2022 ($).