Shares of Irvine-based healthcare software maker Quality Systems Inc. are holding steady a day after they dropped 9% to a market value of about $1.42 billion on the loss of a significant contract to a competitor.
Athenahealth Inc. of Watertown, Mass., said that it signed a contract with Naples, Fla.-based Health Management Associates Inc. to provide back-office information technology services.
Health Management Associates operates 70 hospitals in 15 states.
Quality will be replaced by Athenahealth starting in this year’s fourth quarter, according to a research note from Morgan Keegan & Co. in Memphis.
