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Spok Holdings, Inc. (NASDAQ: SPOK), headquartered in Springfield, VA, stands as a global leader in healthcare communications. Its wholly-owned subsidiary, Spok, Inc., plays a pivotal role in delivering clinical information to care teams, enhancing patient outcomes. The core of Spok's operations is the Spok Care Connect® platform, which is trusted by top hospitals to streamline clinician workflows, support administrative compliance, and elevate patient experiences. Each month, customers transmit over 100 million messages through Spok® solutions, underscoring the platform's reliability when every second counts.
Spok Holdings functions across three primary market segments: Healthcare, Government, and Large Enterprise. The company extends a variety of services including Value-Added Services, Advisory Services, Assessment Services, and Adoption Services. These offerings are designed to support both the U.S. and international markets, ensuring comprehensive communication solutions for diverse needs.
Recent achievements highlight Spok's ongoing commitment to excellence and innovation in healthcare communications. The company's financial stability and strategic partnerships have solidified its status as a reliable provider in the industry. For more details, visit spok.com or follow their updates on Twitter @spoktweets.
Stay informed with the latest updates and news about Spok Holdings, Inc. to keep track of its performance, events, and developments.
Spok, a subsidiary of Spok Holdings (NASDAQ: SPOK), has announced enhancements to Spok Go and the introduction of the ReadyCall Text pager, aimed at improving healthcare communication. With over 2,200 hospital implementations, these tools are designed to integrate communication across departments. Key features include secure messaging, critical test result alerts, and an antimicrobial pager for patient communication. These innovations support hospitals’ goals for enhanced patient care and operational efficiency.
Spok Holdings, Inc. (NASDAQ: SPOK) announced it received a proposal from Acacia Research Corporation (NASDAQ: ACTG) to acquire all outstanding shares for $10.75 per share in cash. Spok's Board plans to evaluate this offer with its financial and legal advisors. No immediate action is required from shareholders. The proposal’s future remains uncertain, as there are no assurances it will result in a formal offer or agreement. Spok continues to provide critical healthcare communication solutions, enhancing workflows in the U.S. healthcare sector.
Spok, Inc., a leader in healthcare communications and a subsidiary of Spok Holdings, Inc. (NASDAQ: SPOK), has announced that all 20 adult and 10 children’s hospitals on the U.S. News & World Report’s 2021-22 Best Hospitals Honor Roll utilize its secure communication solutions. This marks nine consecutive years of collaboration with adult Best Hospitals and eight years with children's Best Hospitals. More than 2,200 hospitals in the U.S. rely on Spok for effective healthcare communication, critical for patient outcomes, particularly in emergencies.
Spok Holdings, Inc. (NASDAQ: SPOK) reported its second quarter results for 2021, revealing software revenue of $15.9 million, up 8.2% year-over-year. Despite a slight decline in software bookings to $13.0 million, the company declared a quarterly dividend of $0.125 per share, payable on September 10, 2021. Consolidated revenue held steady at $35.7 million, with a net loss of $0.7 million, or $0.04 per diluted share. Spok maintains a strong cash position of $68.1 million and expects stable revenue growth, with 82% of revenue being recurring. The company is optimistic about its software pipeline for the second half of 2021.
Spok Holdings (NASDAQ: SPOK), a leader in healthcare communications, will report its 2021 second quarter operating results on July 28, 2021, post-market close at 4:30 p.m. ET. An investor conference call is scheduled for July 29, 2021, at 10:00 a.m. ET, with dial-in options available. A replay will be accessible from 1:00 p.m. ET on the same day until August 12, 2021. Spok supports healthcare providers with efficient communication solutions, handling over 100 million messages monthly. For more details, visit spok.com.
Spok Holdings, Inc. (NASDAQ: SPOK) held its 2021 Annual Meeting of Stockholders, successfully electing all ten nominees to the board for one-year terms. The meeting also ratified Grant Thornton LLP as independent auditor for 2021 and approved executive compensation via an advisory vote. With Spok's platforms supporting over 100 million messages monthly, the company continues to lead in healthcare communications, enhancing clinical workflows and patient outcomes.
Spok Holdings, Inc. (NASDAQ: SPOK) announced the nomination of Randy Hyun to its Board of Directors for the upcoming 2021 Annual Meeting on July 20. Hyun, currently COO of CarepathRx, brings over 20 years of healthcare management experience. He aims to leverage his extensive background in technology solutions to enhance Spok's cloud-native communication platform. Additionally, the company has established a Capital Allocation Committee to focus on maximizing shareholder value. Brian O'Reilly will not seek re-election, having served as a board member since before Spok pivoted to software solutions.
Spok Holdings (NASDAQ: SPOK) reported Q1 2021 results, showing consolidated revenue of $36.0 million, down from $37.3 million in Q1 2020. Software revenue remained stable at $15.9 million, with bookings totaling $14.6 million. The company declared a quarterly dividend of $0.125 per share, payable on June 24, 2021. Operating expenses decreased by over 7% to $37.8 million. The cash balance was $71.6 million, down from $78.7 million at year-end 2020, while the average revenue per unit (ARPU) saw a slight increase to $7.34.
Spok, Inc. announced significant improvements in emergency department outcomes for TidalHealth since implementing Spok Go®. The platform has resulted in a 38-minute reduction in boarding time and a 27-minute decrease in overall patient stay length. TidalHealth is expanding the use of Spok Go to enhance communication across other specialties. The CEO of Spok Holdings expressed excitement over the rapid results achieved by TidalHealth, highlighting the company's role in transforming healthcare communication.
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