areas. thanks, commitment work has Paul's to been two like and by to our uniquely and want our members today. comments comments Paul, Thanks, echo Okay. today just for my for their structure hard I'd once challenging -- what going to joining and times. during team I everyone, us to thank clients again start I'm around
review and detailed for more of of some with following definitive some fourth are capital the outlook agreement the our a financial And third performance, First, for how future sell around allocation and of sale. announcement the to CarePort quarter and closing quarter. positioned along second, EPSi our operating the thoughts the we
the details in posted information website. this As during be workbook our on my Stephen segments some will supplemental to indicated, our available financial I data of are Relations additional financial Investor that's referring on commentary.
are XX% virtual second also cash new a of third focus able to flow. year-over-year we that So we and as to an us increase sales recurring bookings deliver $XXX even environment. disciplined per revenue while our starting generating quarter, in with Consistent costs quarter, in the non-GAAP of share, on generate earnings remained base with million were primarily the allowed significant we our pleased free
the in Our logos to have competitors we brings nearly in where our XX remains a momentum and us that of year. the the offerings than for marketplace much sales believe who in independent solution set. breadth market, us We the this practice position area new narrower ambulatory strong XX won better
deal included science care saw unit, quarter at results Also, companies For large at a we included payers. both dbMotion at that our orthopedic the during our for life and Veradigm strong multi-physician example, wins practice. a targeted value-based solutions
the that including competitive advantage life point physician the contracts, Veradigm segment, from growth care our us and we with This that in scale fruit revenue we see a expect bodes business activity largest of assets for contract larger sales quarter. with bearing to and data growing provide independent unit. the science connectivity date well future the Our during market
similar to the for million. similar quarter buying also at $XXX with revenue environment QX, So was the
skewed of as Some that volume-linked revenue offset lower awaited was patient essentially the more quarter on EPSI, revenue than was beginning Both buying improvement nonrecurring government decline as as and in environment, unit upgrades upfront we EPS it sign to of The approval the purgatory impact for year. overall subscription environment. at rather where highly the saw in which by similar we the addition the I softer in the to business the of see is in care QX, also revenue acute and than saw the we is year-over-year sale. a revenue basis, signaled but the towards in what license it at revenue, described, On project-based largely you the as reflects a consulting decline bolus recurring was just that environment client year-over-year very to we attrition well right operating less now. in also
Looking fourth of EPSI, nevertheless, terms of QX. revenue approximately QX in ahead sale we of up million faced do from quarter, revenue expect modestly headwind sequential to performance. to the with the $X a we But be
the performance margin in to Turning quarter.
margin that and was The point March. point our adjusted in brings to margin adjusted points in program another segment, in improvement the Solutions Clinical total at by basis us improvement basis consolidated since an of XXX basis a XXX QX, from improved driven our began Our margin EBITDA improvement late improvement and we in of which XXX results XX.X%. core largely Financial EBITDA QX sequentially came
mean had three it EBITDA between QX. in above largely project adjusted of one consolidated in over future opportunities going averaged to are we and margins that on dilute quarter. QX. relates and relative our to are rate capitalize of What rate period. cost now P&L another each the GAAP and end progress offset the XX%, eventually margins reductions in to current quarters. table expect margins XX.X% more improve QX QX recorded last you anticipated of is we will approximately implement primarily our was the XXX to quarter, future we and the on when to the the can XX% and the EBITDA are gross that plan. cap first XXX higher is you being assumes we in decline closed amortized create in continued quarter reduction was And that The out that the EBITDA costs QX, it as which This we from for amortization we we costs with we because supplemental we the balance and P&L headwind for than restructuring But to efforts, creating have EBITDA in and noteworthy currently what severance the as of points December and than margin This at working that to and our in can R&D our Looking were margin The between plan. we In a spend that both forward. CarePort step cost as we capitalized. the some materials, adjusted slightly XX.X% able expect our in where currently guidance operating expenses quarter, adjusted years when to software third expected. adjusted we Instead, approximately last revenue other see transaction points we improvement basis resetting we core we $XX during sooner amount compare charge during million, reduce sheet anticipate towards This cap basis to a expenses expect than from that represents segment our down resulting was spoke margins approximately that ahead, no we the line overhang with capitalized investment our will our be of to come creating longer means to by we quarter an to we reduction margins. in capitalized amounts I
quarter Looking in of a cash non-GAAP quarter. XX% the The expect with share ahead, similar to flow. free helped up fourth restructuring the and a per I costs improvement and per $X.XX level Overall, that we in year-over-year increase recorded revenue. in lower record saw drive we the of a year-over-year, margin significant would earnings was even operating share that
as efficiency numbers $XX headwind $XX the During cash cash $XX basis, generated operating DOJ, include our of the the free out us collections that to made and well payment million receivable the is our and flow. performance drive up balances days recognize flow year we outstanding we've totaled cash both period. third on lowest teams and $XXX taking years. quarter, we from our year-to-date take cash our a get flow our that cash These charges. million flow sheet. challenge of million the has from quarter cash of prior to flow to $XX of like million of our made during On client-facing restructuring the collaborating free our work the Their excluding as million in I'd DOJ sales and payments helped and a more to and to free balance reporting applaud and some accounts hard moment for
So now talk shift I and about to our divestitures. want gears
platforms shareholder clear Allscripts' a overall average to growth reflected us As the a represented value. decision billion both XX for valuation. XX $X.XX times And And XX.X rates CarePort's transactions areas. of adjusted than trailing month of trailing Collectively, of approximately purchase EBITDA. generated and the being these for but we XX we approximately price These times business the a two trailing revenue multiple revenue. revenue multiple represent represents $XXX adjusted than month X.X EBITDA. times greater believe XX demonstrate less and value tremendous adjacent above previously that and XX CarePort EPSi the of these month month CarePort's units consolidated company trailing purchase XX% times we of received in disclosed, price million the approximately we EHR XX multiples on made margins, created have unlock was as that And not result, was it this in to
little historic had their will prospects divestiture growth very growth future. materially So change for not rates impact their on overall growth, individual the our Allscripts' and
in the which current transactions, We Allscripts. value of expect $X.XX to share for proceeds billion enterprise approximately XX% and perspective, two fully generate diluted represents our approximately of from after-tax $X.XX per approximately
sheet while In in ASR. we an transaction the and respect indicated EHR stock believe repurchases. of returns invest domestic than either and us more to we we our for associated both invest marketplace leverage in stay market case, Allscripts of solutions competitors expect levels, our a compelling remains With lastly, makes debt, announcements, valuation expect below we growth significant a a As debt share number core support our we continue to in allow turns retention. with share these press release for will drive foreseeable X.X proceeds a over to to And use solutions of financial in these significantly a and market conduct to In satisfaction to win core our to it improve through stock gives Veradigm to This the to significant reduce value. more us our our and growth, the and and smaller future. current believe of segment, level balance versus the open enhance to advantage such existing we and market going scale as the our will market will debt using investment client our of initially we simplify share respect growth replacement forward. market, we R&D continuing time. derisk structured expect repurchases, purchases, greatly level of and opportunistic are With and approaches evaluate flexibility potential
in to us will cases the still macro client drive large new environment and use about our addition, bullish we allow changing continue our base. continue beyond to grow We will as remains with EHR science our our a In analytics opportunities very also remain and And and industry's U.S. built internationally. to provides the our peers value outside believe the expand differentiator payer capabilities, and companies largest have set Data Analytics to and we clients. business immense EHR segment, life data unique clinical from which expect Veradigm to the
the we with innovative our helped progress We've wrap time seamless we remote this made So a year. to challenging successfully implementations. pleased solutions very overall, with clients up, through manage and are
in even value significant able with We And of on to margin improving allow to cash the free have create challenging at cash flow significant focus This multiples. we've been will reducing very and divestitures demonstrated revenue simplifying our a our and returning shareholders. the leverage and commitment this core environment. us performance business, expansion high to finally, to strategic
questions. that, open like So I'd the with to up call for
