Xerox Corp said it would revamp its healthcare IT business and record a related impairment charge of about $145 mln in the second quarter.

The company said it would discontinue sales of its integrated eligibility system, which provides call center and document imaging services.

The healthcare business provides administrative and care management solutions to state Medicaid programs and government healthcare programs.

“Going forward, Xerox will focus on managing and completing the current Health Enterprise implementations, and will be highly selective in responding to new Medicaid Management Information System opportunities,” the company said in a statement.

Xerox, which has been shifting its focus to IT services from making printers and copiers, adjusted its earnings estimate for the quarter ended June to reflect the charge.

The company said it now expects earnings from continuing operations of 9-11 cents per share, below its prior guidance of 17-19 cents per share.

Shares of Xerox, which is expected to report second-quarter results on July 24, were little changed in early trading.

(Reporting By Arathy S Nair in Bengaluru; Editing by Saumyadeb Chakrabarty)

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