Definitive Healthcare falls as CEO steps down

Definitive Healthcare

17/01/2024 14:58

** Shares of digital healthcare co Definitive Healthcare
 DH.O  fall 13.8% to a near 2-month low of $7.95 in early trade
    ** After markets closed on Tuesday, co said CEO Robert
Musslewhite had stepped down, and Jason Krantz, DH's founder and
chairman, was appointed as the interim CEO
    ** Co expects 2024 revenue to grow 5% to 7% compared with
its 2023 forecast of $249 mln to $255 mln
    ** Brokerage William Blair called the preliminary 2024
outlook a touch light versus Street expectations
    ** With a surprise leadership transition, following the
headcount reduction of 154 people that was announced on January
4, co has had a turbulent start to 2024 - William Blair
    ** Up to last close, stock down nearly 26% in the past 12
months

 (Reporting by Puyaan Singh)
 ((Puyaan.Singh@thomsonreuters.com;))