Health IT company Veradigm eliminated 15% of its total workforce in 2025, executives said during a business update on Wednesday.
“These decisions are the toughest ones you make as a leader, and we work very hard to be thoughtful in our approach,” CEO Don Trigg said during the call with investors on its estimated financial results and strategic focus for 2026.
Veradigm is also cutting back on offices. The firm closed three facilities in 2025, and plans to close another two this year, Trigg said on the call. Veradigm also plans to leave its headquarters in Chicago no later than mid-2027.
The health IT company has established two operating hubs: one in Pune, India, and another in Raleigh, North Carolina.
Additionally, Veradigm will discontinue six “low revenue” products, he added. A spokesperson declined to comment on which products would be cut, or which offices have closed.
The job cuts come as Veradigm is in the midst of a turnaround program to reset the health IT firm’s business strategy, recover its market position with independent physician practices and spur profitable growth, Trigg said.
Veradigm is also working to get up to date on its financial reporting. The company was delisted from trading on Nasdaq in 2024 for failing to comply with financial reporting requirements. Veradigm had been unable to report quarterly or annual results to regulators since November 2022 as the health IT firm struggled with “internal control failures.”
Last year, the firm began issuing business updates again and holding calls with investors, releasing its full year results for 2022 in March.
Veradigm is making progress on getting up to date with its financial filings, executives said on the call. The company plans to release its 2023 and 2024 annual reports next, which interim CFO Lee Westerfield called “a major event.”
The health IT firm still plans to become current on its filings this year, and apply to relist “shortly thereafter,” Trigg said.
Veradigm also released some unaudited financial results Tuesday. In 2025, the company estimates revenue between $584 million and $589 million, down 1% at the mid-point of estimates for the previous year.
