Veradigm Appoints Don Trigg as New CEO Amid Financial Reporting Challenges

Veradigm, a prominent health IT firm, has announced the appointment of Don Trigg as its new Chief Executive Officer, effective September 2. This strategic move comes as the company continues to navigate financial reporting complexities and aims to strengthen its position in the healthcare technology sector.

Leadership Transition and Compensation

Don Trigg, formerly the CEO of Apree Health and a veteran of the healthcare technology industry, will take the helm at Veradigm with an impressive compensation package. According to a securities filing, Trigg will receive an annual base salary of $1 million, with eligibility for an additional $1 million annual bonus. The package also includes a substantial equity component, featuring a $3 million stock grant and a commitment to at least $5 million in annual equity awards starting next year.

Trigg's appointment follows the departure of interim CEO Tom Langan, who stepped down after serving in the role for just over a year. In the interim, Veradigm's leadership was collectively managed by Jay Bhattacharyya, Eric Jacobson, and Lee Westerfield, who will now return to their respective positions within the company.

Financial Reporting Challenges and Recovery Efforts

Veradigm has faced significant challenges in recent years, particularly concerning its financial reporting obligations. The company's struggles culminated in its delisting from Nasdaq in February 2024, following its failure to report annual or quarterly financial results since the end of 2022. Veradigm attributed these issues to "internal control failures."

Despite these setbacks, the company has shown signs of progress. In the spring of 2025, Veradigm issued its full-year report for 2022 and restated filings for 2020, 2021, and the first three quarters of 2022. Additionally, the firm released preliminary results for the first quarter of 2025, signaling a commitment to transparency and financial accountability.

Veradigm has expressed optimism about its future, projecting that it will become current on its financial filings by 2026. This timeline suggests a methodical approach to addressing the company's reporting challenges and re-establishing its financial credibility in the market.