On September 4, 2009, Quality Systems, Inc. (NASDAQ: QSII) engaged
PricewaterhouseCoopers LLP as its independent registered public
accounting firm.
This engagement resulted from the resignation of Grant Thornton LLP, the
Company’s former independent registered public accounting firm, on
September 4, 2009, to pursue a business opportunity for itself which, if
consummated, would impair Grant Thornton’s independence under applicable
regulations. The opportunity involves Grant Thornton becoming a material
customer of a company majority owned and controlled by Sheldon Razin,
the Company’s Chairman.
The audit reports of Grant Thornton on the Company’s consolidated
financial statements and consolidated financial statement schedules as
of and for the years ended March 31, 2009 and 2008 did not contain any
adverse opinion or disclaimer of opinion, nor were they qualified or
modified as to uncertainty, audit scope or accounting principles.
During the years ended March 31, 2009 and 2008 and the subsequent
interim period through September 4, 2009, there were no disagreements
with Grant Thornton on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedures which
disagreements, if not resolved to Grant Thornton’s satisfaction, would
have caused Grant Thornton to make reference to the subject matter of
the disagreement in connection with its opinion.
During the years ended March 31, 2009 and 2008 and the subsequent
interim period through September 4, 2009, there were no reportable
events as described in Item 304(a)(1)(v) of Regulation S-K under the
Securities Act of 1933, as amended.
About Quality Systems, Inc.
Irvine, Calif.-based Quality Systems, Inc. and its NextGen Healthcare
Information Systems subsidiary develop and market computer-based
practice management, patient records and revenue cycle management
applications as well as connectivity products and services for medical
and dental group practices. Visit www.qsii.com
and www.nextgen.com
for additional information.
SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS
This news release may contain forward-looking statements within the
meaning of the federal securities laws. Statements regarding future
events, developments, the Company's future performance, as well as
management's expectations, beliefs, intentions, plans, estimates or
projections relating to the future, are forward-looking statements
within the meaning of these laws and involve a number of risks and
uncertainties. The Company undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
