Veradigm, Inc.

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After the market closed on February 28, 2023, Veradigm, Inc. disclosed “that in conjunction with its year-end audit procedures it has detected certain internal control failures related to revenue recognition that have occurred over the prior six quarters, resulting in a mis-statement to reported revenues during those periods.”

Veradigm’s disclosure indicated the control failures are related to a software tool the Company implemented in Q3 2021 to assist with FASB compliance.

Shares of Veradigm dropped more than 12% in trading on March 1, 2023.

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