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CPSI Rebrands to TruBridge

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CPSI, REBRANDED AS TRUBRIDGE, INC., RINGS OPENING BELL AT NASDAQ TO ANNOUNCE NEW TRADING SYMBOL TBRG

Mar 04, 2024 10:38 AM

MOBILE, Ala. (March 4, 2024) – The Company formerly known as CPSI has officially rebranded and changed its name to TruBridge, Inc. (“TruBridge”), effective today, March 4, 2024. The Company’s common stock will begin trading under its new ticker symbol TBRG on the NASDAQ exchange at the open of trading. To formally launch the new brand, Chris Fowler, president and chief executive officer of TruBridge, along with members of the senior management team, will ring the opening bell today at NASDAQ headquarters in New York City.

“We are excited to officially launch TruBridge to the market today,” said Fowler. “This change reflects the ongoing transformation of our business, and our focused strategy to deliver a more cohesive and comprehensive suite of solutions under one identity. The TruBridge name embodies a rich history spanning 45 years as a trusted partner to a loyal client base of healthcare providers. We are proud to extend this legacy as we continue to offer innovative products and collaborative services that support both the financial and clinical side of healthcare delivery. We remain committed to our mission to connect more providers, patients and communities and promote greater access to quality healthcare for all. We look forward to the opportunities ahead for TruBridge, as we pursue a strategic direction that delivers greater value to both the communities we serve and our shareholders.”

About TruBridge

We are a trusted partner to more than 1,500 healthcare organizations with a broad range of technology-first solutions that address the unique needs and challenges of diverse communities, promoting equitable access to quality care and fostering positive outcomes.  TruBridge has over four decades of experience in connecting providers, patients and communities with innovative data-driven solutions that create real value by supporting both the financial and clinical side of healthcare delivery.  Our industry leading HFMA Peer Reviewed® suite of revenue cycle management (RCM) offerings combine unparalleled visibility and transparency to enhance productivity and support the financial health of healthcare organizations across all care settings.  We support efficient patient care with electronic health record (EHR) product offerings that successfully integrate data between care settings. Above all, we believe in the power of community and encourage collaboration, connection, and empowerment with our customers. We clear the way for care.  For more information, please visit www.trubridge.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified generally by the use of forward-looking terminology and words such as “expects,” “anticipates,” “estimates,” “believes,” “predicts,” “intends,” “plans,” “potential,” “may,” “continue,” “should,” “will” and words of comparable meaning. Without limiting the generality of the preceding statement, all statements in this press release relating to the Company’s ongoing business transformation, including the anticipated benefits to the Company of changing its name to TruBridge, together with other statements regarding the Company that are not historical facts, are forward-looking statements. We caution investors that any such forward‑looking statements are only predictions reflecting the best judgement of the Company based upon currently available information and are not guarantees of future performance. Certain risks, uncertainties and other factors may cause the Company’s actual results, performance or plans to differ materially from those projected in the forward‑looking statements. Such factors may include: risks associated with the Company’s business strategy, including that the Company may not be successful in pursuing new market opportunities and delivering value to clients, communities and shareholders; risks related to future opportunities and plans for the Company following the corporate name change and rebranding to TruBridge, including uncertainty of the expected financial performance and results of the Company, any disruptions making it more difficult to conduct business as usual or maintain relationships with customers, employees or suppliers; the inability to retain key personnel; and the possibility that if the Company does not achieve the perceived benefits of the rebranding as rapidly or to the extent anticipated by financial analysts or investors, the market price of the Company’s common stock could decline;  and other risk factors described from time to time in our public releases and reports filed with the Securities and Exchange Commission, including, but not limited to, our most recent Annual Report on Form 10-K and our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023. We also caution investors that the forward-looking information described herein represents our outlook only as of this date, and we undertake no obligation to update or revise any forward-looking statements to reflect events or developments after the date of this press release.

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