NY Hospitals Overpriced Contract Bid By $500M, Suit Says

Law360, New York (December 13, 2012, 5:58 PM EST) -- Allscripts Healthcare Solutions Inc. sued New York City’s public hospital system Thursday, seeking to block the award of a lucrative contract for electronic medical records to a rival company and accusing public officials of overstating the price of its bid by more than $500 million.

The lawsuit, filed in New York state court, says the New York City Health and Hospitals Corp. failed to review Allscripts’ proposal in a rational manner, resulting in a wildly inflated estimate of the total cost of ownership for hardware and...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.