EHR Vendor Allscripts Hires CFO Richard Poulton

Chicago-based electronic health record vendor Allscripts hired Richard Poulton as its chief financial officer, according to Healthcare Finance News.

Richard Poulton, CFO at AllscriptsAllscripts has been without a CFO since April, which is also when Board Chairman Phil Pead was fired and three board members resigned in protest. The former CFO resigned to take a position out of healthcare, and the departure triggered a stock downgrade from "buy" to "neutral."

Allscripts is also said to be looking for a buyer, and it does not appear that Mr. Poulton's hiring will change that. Mr. Poulton is reported to receive an annual salary of $450,000. He will receive a one-time cash payment of $750,000 in June 2013 and will receive stocks with a grant-date value of $1 million and an incentive equity grant of restricted stock with a grant-date value of $1 million.

Mr. Poulton previously spent 10 years at UAL Corporation and was president and CFO of its client focused Loyalty Services subsidiary. He succeeds interim CFO David Morgan.

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