Definitive Healthcare falls after plans to cut workforce

Definitive Healthcare

12/01/2023 19:07

** Shares of cloud software firm Definitive Healthcare Corp
 DH.O  fall 2.8% to $12.08
    ** Co plans to cut 6% of its workforce, or about 55 people,
as part of a restructuring plan
    ** DH expects restructuring and related charges of about $2
mln to $2.5 mln in Q1 2023 
    ** DH intends to complete restructuring by end of Q1 2023
    ** Including session's move, DH fell ~48.4% in the past 12
months
 (Reporting by Mariam E Sunny)
 ((Mariam.ESunny@thomsonreuters.com;))