Lexmark Looks To Capitalize On Health Reform-Driven Boom In Medical Data
Lexmark International shares finished the third-quarter up slightly from last year, going from 94 cents per share to 95 cents.
Lexmark earnings moved up one cent per share compared with the third quarter of 2012. Lexmark CEO Paul Rooke says the numbers show the company is successfully navigating its switch from printers to information solutions.
One of the areas where Lexmark hopes to gain a foothold is medical data, which is expected to grow exponentially as implementation continues of the Affordable Care Act. Rooke says Lexmark is poised to provide solutions that can aggregate content, making it easier for doctors to get a broad view of a patient’s history.
The Lexington Herald-Leader reports Lexmark’s profits have risen to $28.5 million, or 45 cents a share, compared with flat results a year earlier.