Misys sees resignation of health and finance execs
The chief executive office of Raleigh, N.C.-based Misys Healthcare has resigned amid disappointing financial results from the previous six-month period that closed November 30, and tough comments relating to the division from Mike Lawrie, the Chief Executive of UK-based parent company Misys.
"In healthcare, our performance was unacceptable and we have taken action to address this — early indications are positive and we will take further action if necessary," Lawrie said in a released statement.
Skelton's formal resignation date is not known but he will continue on for a period to guarantee a smooth transition to his successor. The company did announce that Paul Lewis, who just recently joined Misys Healthcare Systems as senior vice president, sales and services, will in the interim act as the division's General Manager. Emails and calls to Misys seeking further comment were not returned prior to publication.
Also resigning were Misys Healthcare Finance Director Howard Evans and Corporate Development Director Jasper McMahon. Evens will stick around until the end of the company’s fiscal year, while McMahon will depart immediately. Replacement searches for both executives are underway.
Misys also released financial statements yesterday showing the healthcare division with a revenue drop of about $290 million in the six months ended Nov. 30, a decrease of over 5 percent from identical period a year earlier. Additionally, profit from operations was down from $45.4 million to $35.5 million.
"In healthcare, our performance was unacceptable and we have taken action to address this — early indications are positive and we will take further action if necessary," Lawrie said in a released statement.
Skelton's formal resignation date is not known but he will continue on for a period to guarantee a smooth transition to his successor. The company did announce that Paul Lewis, who just recently joined Misys Healthcare Systems as senior vice president, sales and services, will in the interim act as the division's General Manager. Emails and calls to Misys seeking further comment were not returned prior to publication.
Also resigning were Misys Healthcare Finance Director Howard Evans and Corporate Development Director Jasper McMahon. Evens will stick around until the end of the company’s fiscal year, while McMahon will depart immediately. Replacement searches for both executives are underway.
Misys also released financial statements yesterday showing the healthcare division with a revenue drop of about $290 million in the six months ended Nov. 30, a decrease of over 5 percent from identical period a year earlier. Additionally, profit from operations was down from $45.4 million to $35.5 million.