LOS ANGELES, March 10, 2023 (GLOBE NEWSWIRE) — The law office of Frank R. Cruz continues its investigation of Veradigm Inc. (“Veradigm” or the “Company”) MDRX on behalf of investors regarding the Company’s possible violations of federal securities laws.

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On February 28, 2023, Veradigm announced that it had “identified certain internal control errors related to revenue recognition that occurred in the prior six quarters, which have resulted in a misstatement of reported revenue for those periods.” As a result, the company reported that it “expects an overall decrease in income from continuing operations of approximately $20 million from what it has otherwise reported since Q3 2021 and is expected to report in Q4 2022.” . The company added that it “continues to assess the materiality of the misstatement to determine whether the full amount of this adjustment will flow through in Q4 2022 or whether prior periods will also require an adjustment.” As a result, Veradigm revised down its 2023 guidance and said it would not file its 2022 annual report on time.

At that new price, Veradigm’s share price fell $2.12, or 12.8%, to close at $14.49 per share on March 1, 2023, hurting investors.

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If you have purchased Veradigm securities, would like information or more about these claims, or have any questions about this notice or your rights or interests related to these matters, please contact Frank R. Cruz of The Law Offices of Frank R Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067, 310-914-5007 info@frankcruzlaw.comor visit our website at www.frankcruzlaw.com. If inquiring by email, please include your postal address, telephone number and the number of shares purchased.

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