Allscripts-Misys Healthcare Solutions (NASDAQ: MDRX) is the result of the recently completed merger of Florida-based Allscripts and the health care information technology business of London-based Misys.

The nearly ill-fated merger finally closed late in 2008, after having to be restructured following the untimely demise of Lehman Brothers, the architect of the original merger plans.

The merger with Misys places the company in the forefront of the Obama administration's emphasis on improving health care in part by improving the availability of medical information in electronic form.

Allscripts' solutions are the cutting edge of medical information systems, and the company should benefit substantially from a move in the direction suggested by Obama.

MDRX provides clinical software, connectivity and information solutions to its health care customer base throughout the United States. The company delivers its products through four divisions: Professional Solutions, Enterprise Solutions, Health Systems Group and Medication Services.

MOST NOTEWORTHY: Ericsson (ERIC) was the only notable company within today's list of upgraded stocks:

• Bank of America upgraded Ericsson Telephone Company ADS (NASDAQ:ERIC) to Buy from Neutral with a $48 target; the firm believes shares of the mobile phone maker are well-positioned to beat 2007 estimates given the new network construction, 3G upgrades, competitor restructuring and handset momentum.

OTHER UPGRADES:

• Matrix USA upgraded Ann Taylor Stores Corp. (NYSE:ANN) to Strong Buy from Buy , explaining that Ann Taylor is continuing its efforts to drive growth and is working to further differentiate from Loft.
• Allscripts Healthcare Solutions Inc. (NASDAQ:MDRX) was upgraded to Above Average from Average at Caris; the firm believes Allscripts is seeing success in sales both in and out of the IDX base.

Analyst summaries provided by TheFlyOnTheWall.com (subscription required).