April 20, 2014 6:46 PM ET

Health Care Technology

Company Overview of Medical Information Technology Inc.

Company Overview

Medical Information Technology, Inc., together with its subsidiaries, develops, manufactures, licenses, and supports computer software products for the hospital market. It develops hospital information system, a cohesive set of software products designed from the outset to work in conjunction with the overall operation of the hospital. The company offers software to automate the operations of a clinical laboratory that performs various diagnostic tests on blood or urine specimens; hospital billing and accounts receivable, as well as general accounting products; home health care software products; and physician office management software products to hospitals. It also provides ambulatory info...

MEDITECH Circle

Westwood, MA 02090

United States

Founded in 1969

4,099 Employees

Phone:

781-821-3000

Fax:

781-821-2199

Key Executives for Medical Information Technology Inc.

Chief Executive Officer
Age: 60
Co-Founder
Age: 70
Co-Founder and Director
Age: 78
Chief Financial Officer
Age: 60
Senior Vice President of Product Development
Age: 66
Compensation as of Fiscal Year 2013.

Medical Information Technology Inc. Key Developments

Medical Information Technology Inc., Annual General Meeting, Apr 22, 2013

Medical Information Technology Inc., Annual General Meeting, Apr 22, 2013., at 08:30 Eastern Daylight. Location: corporate offices, 7 Blue Hill River Road. Agenda: To consider and act upon a proposal to elect a board of six directors for the ensuing year to serve until the 2014 annual meeting of shareholders and thereafter until their successors are chosen and qualified; to consider and act upon a proposal to ratify the selection of Ernst & Young LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2013; and to consider and act upon any other matter which may properly come before the annual meeting or any adjournment thereof.

Medical Information Technology Inc. Announces Audited Earnings Results for the Year December 31, 2012; Announces Quarterly Dividend

Medical Information Technology Inc. announced audited earnings results for the year December 31, 2012. For the year, the company’s total revenue rose 9.7% to $597.8 million, operating income rose 4.7% to $191.6 million, and net income rose 5.3% to $130.5 million. Earnings rose 4.2% to $3.55 per share and shareholder equity rose 9.5% to $14.56 per share. The company also announced that the board of directors increased the quarterly dividend 4.2% to $0.75 per share and increased the fair stock value 4.7% to $45 per share.

ExitCare, LLC Expands Collaboration with MEDITECH

Elsevier's ExitCare, an enterprise-wide solution for evidence-based patient education and discharge instructions, is now integrated directly with the MEDITECH Electronic Health Record (EHR). In collaboration with MEDITECH, ExitCare's library of content, organized by care setting and composed of both Easy to Read and Standard content, is available in English and Spanish through MEDITECH's EHR, via the Patient Discharge Instruction application. ExitCare's content is not only designed to offer healthcare providers an optimal user experience and more streamlined clinical workflow, but it is also intended to deliver relevant, condition-specific information to patients at the point of care.

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