Glenhill Advisors Makes Big Addition To Its Allscripts Healthcare Solutions Inc. (MDRX) Position

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According to a recently-filed 13G, Glenn J. Krevlin’s Glenhill Advisors holds a 10.04 million-share position in Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX), which accounts for 5.3% of the company’s outstanding shares. Therefore, the hedge fund increased its stake in the company by 2.67 million shares since June 30.

Glenn Krevlin

Glenhill Advisors is a long/short equity hedge fund co-founded by Glenn J. Krevlin and Michael A. Pollack in January 2001. The New York-based investment firm uses a bottom-up stock picking approach and primarily invests in small-cap equities in public equity markets around the world. Glenhill is also widely-known for taking activist stances on its large bets, which is not the case with Allscripts Healthcare Solutions as of yet. As stated by its most recent 13F filing with the SEC, Glenhill Advisors manages a public equity portfolio with a market value of $1.42 billion.

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Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) is a technology company that delivers information technology and services to assist healthcare organizations in achieving better clinical, financial, and operational results. To be more detailed, the company offers clinical, financial, electronic health records (EHR), connectivity, analytics, patient management, and population health products and services in the United States and Canada. The company has delivered a convincing performance thus far in 2015, with its stock gaining nearly 8% year-to-date. Clifton S. Robbins’ Blue Harbour Group and Iridian Asset Management, founded by David Cohen and Harold Levy, are the largest equity holders of Allscripts Healthcare Solutions within our database, owning 14.42 million shares and 10.95 million shares, respectively.

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