Quality Systems Plans Stock Repurchase

Quality Systems Inc.’s board approved the repurchase of up to 10% of the Tustin company’s outstanding common stock.

The company, which provides computer-based management and electronic records systems for medical and dental group practices, said the purchases may be made in either the open market or private transactions.

Quality Systems has 6.2 million shares outstanding. The stock, which traded as high as $18.75 early in March, closed Thursday at $7.75 a share, up 63 cents in Nasdaq trading.