RE:RCM ... sigh...Little rev improvement in EMR over q1. Revenue is down 20k, expenses up 392k. RCM ate the lunch once again with another 600k loss for the q.
To recap the RCM buy, they spent $2.4 million.(cash and assumed liabilities) Issued 4.4 million shares worth $5.2 million at current prices. And a quick recap of the operating losses to date is well above $3 million. The total loss to date is above $10 million. What were they thinking?
It will be interesting to see if mgt gets a bonus this year given the erosion from the RCM purchase.
At what point do they call it a day and write the deal off.