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Christopher L. Fowler, President and CEO of TruBridge, Inc. (NASDAQ:TBRG), has recently made a series of acquisitions in the company’s common stock, according to a recent SEC filing. The insider buying comes as TruBridge, currently valued at $419.69 million, has seen its stock surge over 212% in the past year. On November 14, 28, and 29, Fowler purchased a total of 16 shares at prices ranging from $10.90 to $11.31 per share. These transactions collectively amounted to $178. The shares were acquired indirectly through his spouse, as noted in the filing. Following these transactions, Fowler’s indirect ownership through his spouse totals 16 shares. The stock is currently trading near its 52-week high of $30.04, with InvestingPro analysis indicating overbought conditions. According to InvestingPro data, analysts expect the company to turn profitable this year, with 4 analysts recently revising their earnings estimates upward. Get access to 10+ additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
In other recent news, TruBridge, Inc. has formed a partnership with Cibolo Health to extend its Revenue Cycle Management (RCM) solutions to rural healthcare providers. This collaboration aims to enhance financial optimization for rural healthcare networks, addressing financial challenges through tailored RCM services. Additionally, TruBridge has appointed Merideth Wilson as the new General Manager of its Financial Health division, a move intended to bolster its leadership and expand its RCM technology offerings. Wilson’s extensive experience in healthcare technology leadership is expected to drive growth within the division, which accounts for a significant portion of the company’s revenue.
In another development, TruBridge has announced the departure of its Chief Operating Officer, David A. Dye. As part of a severance agreement, Dye will receive a series of benefits, including installment payments and medical coverage reimbursements. These changes are part of TruBridge’s broader strategy to enhance its market reach and leadership capabilities. The company continues to focus on delivering innovative solutions to support healthcare organizations financially and operationally.
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