AcquisitionsMay 8, 2026, 04:32 PM
TruBridge Q1 Results; Acquisition by IKS Health for $26.25/share Confirmed
AI Summary
TruBridge announced its first quarter 2026 financial results while reiterating the definitive agreement to be acquired by Inventurus Knowledge Solutions, Inc. for $26.25 per share in cash. The acquisition, approved by all relevant Boards, is expected to close in the third calendar quarter of 2026. For Q1 2026, the company reported total revenue of $86.3 million and GAAP net income of $0.5 million.
Key Highlights
- TruBridge to be acquired by Inventurus Knowledge Solutions for $26.25 per share in cash.
- The acquisition is expected to close during the third calendar quarter of 2026.
- Total revenue for Q1 2026 was $86.3 million, down from $87.2 million in Q1 2025.
- GAAP net income for Q1 2026 was $0.5 million, flat compared to Q1 2025.
- Non-GAAP net income increased to $8.5 million in Q1 2026 from $5.2 million in Q1 2025.
- Adjusted EBITDA decreased to $16.5 million in Q1 2026 from $18.2 million in Q1 2025.
- Total bookings rose to $17.7 million in Q1 2026 from $17.3 million in Q1 2025.
- Net cash provided by operating activities significantly increased to $15.452 million from $5.760 million.