QuadraMed back on Wall Street
QuadraMed has bounced back from delisting, shareholder lawsuits, a fraud investigation and financial troubles to once again see its stock traded on Wall Street. A company spokesman said the last four years have been a classic example of boom, bust, boom, but the last act has yet to be written.
QuadraMed's chairman and CEO Lawrence P. English rang the opening bell at the American Stock Exchange on Aug. 19, signaling the healthcare IT company's return. Its stock is trading on the AMEX under the symbol "QD."
"With today's listing on the American Stock Exchange we open a new and exciting chapter at our company," English.
"Listing the company on a global stock exchange will help to improve our liquidity and expand our pool of potential investors. We could not have taken this significant step without the continuing commitment of our 2,000 loyal customers and nearly 1,000 employees."
The listing isn't the only good news. The company recently signed deals with the VHA, St. Tammany Parish Hospital and the Harbor/UCLA Medical Center.