UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 14A
(Rule 14a-101)

PROXY STATEMENT PURSUANT TO SECTION 14(A) 14(a)
OF THE SECURITIES EXCHANGE ACT OF 1934

[x] (Amendment No. 1)
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[ ] Filed by a Partyparty other than the Registrant [ ]

Check the appropriate box:
[ ]x] Preliminary Proxy Statement
[ ] Confidential, For Usefor use of the Commission Onlyonly (as permitted by Rule 14a-6(e)(2))
[x] ] Definitive Proxy Statement
[ ] Definitive Additional Materials
[ ] Soliciting Material Under Rule 14a-12under s. 240.14a-12

Medical Information Technology, Inc.
(Name of Registrant as Specified Inin Its Charter)

N/A
(Name of Person(s) Filing Proxy Statement, if Other Than the Registrant)

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Page 1 of 38

[PRELIMINARY COPY-SUBJECT TO COMPLETION]

MEDICAL INFORMATION TECHNOLOGY, INC.
2018 CHAIRMAN'S LETTER TO SHAREHOLDERS

To our Shareholders:

For 2017 combined product and service revenue was $480.9M, operating income was $64.0M and net income was $77.4M, up 4.0%, down 8.5% and up 6.2% respectively compared to the prior year.

We are very pleased with the year just ended and we emphasize a few accomplishments. 2017 product revenues increased by 21.2% compared to that of 2016. 2017 product bookings increased 25.6% compared to that of 2016. The downward trend of product revenue and bookings which began in the 2011/2012 timeframe has finally been reversed. Our ability to minimize implementation slippages in each quarter has restored a far better sense of credibility in forecasting the next quarter. Finally, during 2017 we achieved the live status of numerous ambulatory sites, the delivery of browser based mobile physician products for acute and emergency departments, and the announcement of cloud based Meditech as a Service (MaaS) for critical access hospitals.

We ended the year with 3,740 staff members. We extend our gratitude to all those whose efforts produced these results:
In addition, we thank MEDITECH's Officers and managers for their efforts, dedication and loyalty as well as MEDITECH's Board members for their valued advice and active participation.

We note with sadness the recent passing of Roland L. Driscoll who served as MEDITECH's Chief Financial Officer and Board member for many years. We also note with sadness the recent passing of Louis P. Valente who served as a Board member for many years and was affectionately known as Dan.

We provide herein the Formal Notice for the upcoming Annual Meeting of Shareholders, the Proxy Statement and the 2017 Annual Report on Form 10-K, which includes MEDITECH's Audited Financial Statements for the year just ended. Your individual Proxy Page and Statement of Stock Ownership as of March 23, 2018, are included in this distribution. We appreciate our Shareholder support and look forward to seeing you at the 2018 Annual Meeting on Monday, April 23, 2018.

A. Neil Pappalardo
Chairman
March 23, 2018

Page 1 of 13

MEDICAL INFORMATION TECHNOLOGY, INC.
FORMAL NOTICE OF THE 2018 ANNUALSPECIAL SHAREHOLDER MEETING
To Be Held On [DATE]

To the Shareholders of Medical Information Technology, Inc.:

The 2018 Annual MeetingA special meeting (the "Special Meeting") of Shareholdersshareholders of Medical Information Technology, Inc. ("MEDITECH") will be held on [DATE] at its corporate office, 1 Constitution Way, Foxborough, Massachusetts 02035, on Monday, April 23, 2018 at 8:30am9:00am for the following purposes:purpose:
The purpose of the Reverse Stock Split is to provide liquidity to shareholders, and to allow MEDITECH to deregister its shares and cease being a public reporting company.

Shareholders may visit our webpage at www.meditech.com/shareholder/reports.html to access the Proxy Statement, the Proxy Page, the 20172019 audited Annual Report on Form 10-K, 2020 unaudited quarterly reports on Form 10-Q, and other SEC filings.filings, which are also available at www.sec.gov.

Shareholders may enroll in the shareholder portal to vote and to access the Proxy Statement, the Proxy Page, Statement of Stock Ownership, Dividend Payment Listing, and 1099-DIV by going to https://shareholder.meditech.com. As part of the process of enrolling, you will be required to enter information unique in identifying yourself. If you have any questions, please send an e-mail to shareholderservices@meditech.com.

Due to the public health impact of the coronavirus outbreak (COVID-19), the Special Meeting will be held in a virtual meeting format only. Further details regarding your ability to attend and vote at the Special Meeting are contained within the enclosed Proxy Statement.

NEITHER THE REVERSE STOCK SPLIT NOR ANY OF THE OTHER PROPOSED ACTIONS HAVE BEEN APPROVED OR DISAPPROVED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION? AND NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE COMMISSION HAS PASSED UPON THE FAIRNESS OR MERITS OF THE REVERSE STOCK SPLIT OR UPON THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED IN THIS PROXY STATEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

By orderOrder of the Board of Directors,

Shannon M. Connell, Secretary
Westwood, Massachusetts
March 23, 2018[DATE]

Page 2 of 1338

MEDICAL INFORMATION TECHNOLOGY, INC.

2018 PROXY STATEMENT FOR THE SPECIAL SHAREHOLDER MEETING
To Be Held On [DATE]

Table of ContentsPage


General Information4
Summary of Terms of Reverse Stock Split5
Special Factors6
Material Federal Income Tax Consequences13
Appraisal Rights13
Proposal - Approval of Amendment to Articles of Organization to Effect the Reverse Stock Split13
Voting of Proxies15
Solicitation of Proxies15
Dividends15
Shareholder Information16
Directors and Executive Officers16
Security Ownership of Certain Beneficial Owners, Directors and Executive Officers18
Communication with the Board18
Additional Information19
Shareholder Proposals to be Submitted at the Next Annual Meeting19
Annex I - Summary Financial Information20
Appendix A - Articles of Amendment22
Appendix B - Material Federal Income Tax Consequences24
Appendix C - Part 13 of the Massachusetts Business Corporation Act28
Proxy Page for Special Shareholder Meeting38

Page 3 of 38

GENERAL INFORMATION

This Proxy Statement is being furnished to shareholders in connection with the solicitation of proxies by the Board of Directors (the "Board") of Medical Information Technology, Inc. ("MEDITECH") for use at the 2018 Annual Meetinga special meeting of Shareholdersshareholders of MEDITECH (the "Special Meeting") to be held on [DATE] at its corporate office,9:00am for the following purpose:
Due to the public health impact of the coronavirus outbreak (COVID-19), the Special Meeting will be held in a virtual meeting format only. You will not be able to attend the Special Meeting in person. You will be able to attend the Special Meeting virtually by visiting https://shareholder.meditech.com. MEDITECH encourages you to access the Special Meeting before the start time of 9:00am on Monday, April 23, 2018[DATE]. Please allow ample time for online check-in, which will begin at 8:30am, and any adjournments or postponements thereof (the "Annual Meeting"),45am on [DATE].

You may submit your proxy by following the instructions provided on the Proxy Page for the purposes set forthSpecial Meeting. We hope you will participate in the attached Formal NoticeSpecial Meeting. Even if you anticipate attending the virtual meeting, we urge you to please vote your proxy either by mail or over the Internet in advance of the 2018 Annual Meeting.

RECORD DATESpecial Meeting to ensure that your shares will be represented. Due to the expected attendance and virtual nature of the meeting, we encourage you to email your questions to the Secretary before the meeting by emailing sconnell@meditech.com. Please email questions early to ensure a timely response.

The Board of Directors has fixed the close of business on March 23, 2018[DATE] as the record dateRecord Date for the determination of Shareholders of MEDITECH's common stockdetermining shareholders entitled to receive notice of, and to vote at or before, the Annual MeetingSpecial Meeting. There were 37,190,854 shares of MEDITECH common stock, par value $1.00 per share, issued and any adjournments or postponements thereof (the "Record Date"). Asoutstanding as of the Record Date, there were 37,190,854and 1,813 shareholders of record owning such shares of common stock issued and outstanding, and each such share is entitled to one vote on each proposal presented at the Annual Meeting.

ANNUAL REPORT TO SHAREHOLDERS

vote. This Proxy Statement and the enclosed Proxy Page along withare being mailed to our shareholders on or about [DATE].

Important Notice Regarding the 2017Availability of Proxy Materials for the Shareholder Meeting to be Held on [DATE]:

This Proxy Statement, our Annual Report on Form 10-K which includes MEDITECH's Audited Financial Statements for the fiscal year just ended is being disseminated to all ShareholdersDecember 31, 2019, and our Quarterly Report on March 23, 2018. MEDITECHForm 10-Q for the quarter ended September 30, 2020, are available for viewing, printing and downloading at www.meditech.com/shareholder/reports.html. In addition, copies of our Annual Report on Form 10-K and Quarterly Report on Form 10-Q will provide additional copies free ofbe furnished without charge to its Shareholdersany shareholder upon request. Such requests should be directedwritten request to Shannon M. Connell, Secretary, Medical Information Technology, Inc., MEDITECH Circle, Westwood MA 02090. In addition, Shareholders may visit our webpage at www.meditech.com/shareholder/reports.html to access theThis Proxy Statement, the Proxy Page, the 2017our Annual Report on Form 10-K and our Quarter Report on Form 10-Q are also available on the SEC's website at www.sec.gov. Please read these materials carefully.

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SUMMARY OF TERMS OF REVERSE STOCK SPLIT

Reverse Stock Split

The Board has unanimously approved the Reverse Stock Split in order to reduce the number of shareholders to fewer than 300. If approved at the Special Meeting, shareholders who own fewer than 5,000 shares of Common Stock will no longer be shareholders. Shareholders holding 5,000 shares or more will remain shareholders after the Reverse Stock Split. See "SPECIAL FACTORS" and "PROPOSAL - APPROVAL OF AMENDMENT TO ARTICLES OF ORGANIZATION TO EFFECT THE REVERSE STOCK SPLIT" below.

Payment for Fractional Shares

We will not issue fractional shares in connection with the Reverse Stock Split. Shareholders will receive a cash payment (without interest and subject to applicable withholding taxes) in lieu of receiving a fractional post-Reverse Stock Split share in an amount based on $45.00 per share, pre-Reverse Stock Split. See "SPECIAL FACTORS-Cash Payment in Lieu of Fractional Shares" below.

Shareholder Approval

Approval of the Reverse Stock Split will require the affirmative vote of the holders of a majority of the outstanding shares of Common Stock as of the Record Date. As of the Record Date, our Directors and Executive Officers beneficially own approximately 52% of the outstanding shares of Common Stock. See "PROPOSAL - APPROVAL OF AMENDMENT TO ARTICLES OF ORGANIZATION TO EFFECT THE REVERSE STOCK SPLIT-Required Shareholder Vote" below for more information.

Purpose of the Reverse Stock Split

The Reverse Stock Split is a necessary step in MEDITECH's plan to terminate its public reporting obligations under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), by reducing the number of its shareholders of record to fewer than 300 persons and deregistering its class of Common Stock under the Exchange Act. The Board believes that the significant costs and heightened disclosure obligations associated with being a public reporting company outweigh the perceived benefits of being a public reporting company. In addition, the Reverse Stock Split will provide liquidity to MEDITECH shareholders. See "SPECIAL FACTORS-Reasons for the Reverse Stock Split" below.

Page 5 of 38

Effects of Reverse Stock Split on Affiliates

The Reverse Stock Split will not differentiate among shareholders on the basis of affiliate status. (Generally, directors, officers and greater than 10% shareholders are considered affiliates.) The sole determining factor in whether a shareholder will continue as a shareholder after the Reverse Stock Split is the number of shares held by such shareholder immediately before the Reverse Stock Split, as no fractional shares will be issued. As of the Record Date, 1,141,295 shares of our Common Stock, or 3.07% of the issued and outstanding shares of Common Stock on such date, were held by shareholders owning fewer than 5,000 shares. Accordingly, the impact of the Reverse Stock Split, including the payment of cash in lieu of fractional shares, on the percentage ownership of continuing shareholders, including any affiliates, will be negligible. See "SPECIAL FACTORS-Effect of the Reverse Stock Split on Our Affiliates" below.

Fairness of Transaction

The Board believes that the payment to be made to shareholders for their fractional shares in the Reverse Stock Split is fair to shareholders, including unaffiliated shareholders, and unanimously recommends that shareholders vote to approve the Reverse Stock Split. See "FAIRNESS OF THE REVERSE STOCK SPLIT" below.

Appraisal Rights

Under Massachusetts law, our shareholders may be entitled to appraisal rights. See "APPRAISAL RIGHTS" below.

Schedule 13E-3 Filing

The Reverse Stock Split is considered a "going private" transaction as defined in Rule 13e-3 promulgated under the Exchange Act because it is intended to, and, if completed, will enable MEDITECH to terminate the registration of its Common Stock under the Exchange Act and suspend its duty to file periodic reports and other information with the SEC thereunder.

SPECIAL FACTORS

This section provides information concerning special factors relating to the proposed 1-for-5,000 Reverse Stock Split and related transactions, including payments in lieu of fractional shares and subsequent anticipated SEC deregistration.

NEITHER THE REVERSE STOCK SPLIT NOR ANY OF THE OTHER PROPOSED ACTIONS HAVE BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY STATE SECURITIES COMMISSION? AND NEITHER THE SEC NOR ANY STATE COMMISSION HAS PASSED UPON THE FAIRNESS OR MERITS OF THE REVERSE STOCK SPLIT OR UPON THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED IN THIS PROXY STATEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Page 6 of 38

Overview

The Board has unanimously approved, and recommends to the shareholders that they approve, the Reverse Stock Split. If the Reverse Stock Split is approved, MEDITECH's Articles of Organization will be amended to effect a reverse stock split of its authorized and outstanding common stock, which will replace every 5,000 shares of Common Stock with 1 share of Common Stock. The proposed Articles of Amendment to the Articles of Organization is attached to this Proxy Statement as Appendix A.

The amendment will reduce the number of authorized shares of Common Stock from 40,000,000 to 8,000. The par value of the Common Stock will remain at $1.00 per share. The effective time for the Reverse Stock Split and the corresponding authorized stock reduction will be the date on which MEDITECH files the Articles of Amendment with the office of the Massachusetts Secretary of the Commonwealth or such later date and time as specified in the Articles of Amendment.

MEDITECH will make a cash payment of $45.00 per share of Common Stock before the Reverse Stock Split in lieu of fractional shares. Having fewer than 300 shareholders of record will allow MEDITECH to terminate the registration of its Common Stock under the Exchange Act and cease being a public reporting company.

To MEDITECH's knowledge, the Directors and Executive Officers of MEDITECH, who collectively hold at least a majority of the shares of outstanding Common Stock, intend to vote in favor of the Reverse Stock Split at the Special Meeting. If the Reverse Stock Split is approved, the 1,525 shareholders who own fewer than 5,000 shares of Common Stock just prior to the Reverse Stock Split will no longer be MEDITECH shareholders after the Reverse Stock Split. The 288 shareholders who own 5,000 or more shares of Common Stock just prior to the Reverse Stock Split will remain MEDITECH shareholders.

Reasons for the Reverse Stock Split

The Board has determined that the costs of being a public reporting company under the Exchange Act outweigh the benefits and thus it is no longer in our best interests or the best interests of our shareholders, including our unaffiliated shareholders, to remain a public reporting company. MEDITECH's shares of Common Stock are not traded on any public market. The Reverse Stock Split will enable MEDITECH to decrease the number of its shareholders to fewer than 300 and then terminate the registration of its Common Stock under the Exchange Act.

In addition, MEDITECH seeks to provide liquidity for its smaller shareholders. Three percent of the Common Stock is held by holders of fewer than 5,000 shares, and these holders mainly consist of staff and former staff.

Page 7 of 38

Alternatives Considered

The Board considered a stock repurchase program as an alternative to the Reverse Stock Split. The disadvantage of a stock repurchase program is that it lacks certainty in reducing the number of shareholders of record to few than 300, and/or would take a longer time to effectuate.

The Board also considered doing nothing or maintaining the status quo. The Board concluded that maintaining the status quo would result in MEDITECH continuing to be burdened by the costs and expenses of remaining a public company.

For the reasons discussed above, the Board unanimously agreed that the Reverse Stock Split was the most expeditious and economical way of proceeding with the deregistration of the Common Stock under the Exchange Act.

Advantages of the Reverse Stock Split

Cost Savings. The costs of being a public reporting company are significant and have increased over the years, including as a result of compliance with the internal control assessment and audit requirements of Section 404 and other requirements imparted by the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act. These and other requirements increase audit fees and other costs of compliance, such as outside securities legal counsel fees, as well as outside director fees and insurance premiums to cover potential liability faced by our officers and directors. We also incur substantial indirect costs as a result of, among other things, our management's time expended to prepare and review our public filings.

QUORUMThe Board believes that by deregistering our shares of Common Stock and suspending our periodic reporting obligations, we will realize estimated annual cost savings of approximately $350,000. These potential cost savings reflect, among other things: (i) a reduction in audit, legal and other fees required for publicly held companies, (ii) the elimination of various internal costs associated with filing periodic reports with the SEC, and (iii) the reduction or elimination of various clerical and other expenses associated with being a public reporting company.

Limited Liquidity of Common Stock. The Board further believes that the perceived benefits of remaining a public reporting company are outweighed by the costs, particularly given that MEDITECH's shares of Common Stock are not traded on any public market.

Additional Potential Management Resources Arising from Reduced Disclosure Obligations. Another benefit is that the proposed Reverse Stock Split would free management and staff time to focus on operating the business and growing shareholder value.

Page 8 of 38

Opportunity for Shareholder Liquidity. The Reverse Stock Split provides an opportunity for shareholders to liquidate some or all their shares, depending on their ownership level, at a price that the Board believes is fair. Given that there is no public market for the Common Stock, this is an opportunity that might not otherwise be available to our shareholders. For a further discussion on the Board's determination regarding the fairness of the cash-out payment, please see the section entitled "-Fairness of the Reverse Stock Split" below.

Disadvantages of the Reverse Stock Split

Holders of Less Than 5,000 Shares of Record Will Be Required to Give Up Their Shares and Accept Cash Consideration. The Reverse Stock Split of 1-for-5,000 will force shareholders who own less than 5,000 shares of record to be cashed-out for the cash-out payment. Shareholders may only vote against the Reverse Stock Split proposal, but if the proposal is approved and the Reverse Stock Split is implemented, shareholders who own less than 5,000 shares of record will be required to receive cash in lieu of fractional shares. See Appendix B for further details about the potential tax consequences of the Reverse Stock Split to shareholders.

Loss of Certain Publicly Available Information. Upon terminating the registration of our Common Stock under the Exchange Act, MEDITECH will no longer file periodic reports with the SEC. Information regarding MEDITECH's operations and financial results that is currently available to the general public and our shareholders will not be available after we have terminated our registration, unless we voluntarily elect to continue providing such information. Shareholders seeking information about us may have to contact us directly to request such information. We cannot assure you that we will provide the requested information to a shareholder. While the Board acknowledges the circumstances in which such termination of publicly available information may be disadvantageous to some of our shareholders, the Board believes that the overall benefit to MEDITECH of no longer being a public reporting company substantially outweighs the disadvantages.

If MEDITECH is no longer subject to certain liability provisions of the Exchange Act, including those associated with officer certifications required by Sarbanes-Oxley, shareholders will find that the information provided to them may be more limited and that their recourse for alleged false or misleading statements is also more limited.

Inability to Participate in any Future Increases in Value of the Common Stock. Cashed out shareholders will have no further financial interest in MEDITECH and therefore will not have the opportunity to receive dividends or to participate in any potential appreciation in the value of the Common Stock. The Board believes that the Reverse Stock Split is nonetheless fair to our unaffiliated shareholders because those shareholders are being cashed out at a fair price for their shares. For a further discussion on the Board's determination regarding the fairness of the cash-out payment, please see the section entitled "-Fairness of the Reverse Stock Split" below.

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Effects of the Reverse Stock Split on Our Affiliates

The transaction would not differentiate among shareholders on the basis of affiliate status. The sole determining factor in whether a shareholder will be a continuing shareholder as a result of the Reverse Stock Split is the number of shares held by such shareholder immediately before the effective time of the Reverse Stock Split as no fractional shares will be issued.

As of [*], 2020, approximately 19,285,421 shares of our Common Stock, or approximately 51.85% of the issued and outstanding shares of Common Stock on such date, were beneficially held, directly or indirectly, by our Executive Officers and Directors. The table below reflects the pre-Reverse Stock Split and an estimate of the post-Reverse Stock Split beneficial ownership of our Common Stock at [*], 2020 with respect to (i) each Director, (ii) each of the Executive Officers and (iii) all Directors and Officers as a group. At [*], 2020 there were 37,190,854 shares of Common Stock outstanding. The percentage calculation post-Reverse Stock Split assumes that 7,106 shares of Common Stock will remain outstanding after the Reverse Stock Split.

 Pre-ReversePre-ReversePost-ReversePost-Reverse
Name of Shareholder, Stock Split Stock Split Stock Split Stock Split
Director or Executive Officer Number of Percentage Number of Percentage
    Shares  of Shares   Shares  of Shares





A. Neil Pappalardo*16,773,82145.10%3,35447.20%
MEDITECH Profit Sharing Trust*6,857,86718.44%1,37119.29%
Lawrence A. Polimeno1,012,6212.72%2022.84%
Edward B. Roberts676,8791.82%1351.90%
Howard Messing405,0001.09%811.14%
Barbara A. Manzolillo195,0000.52%390.55%
Stuart N. Lefthes110,8000.30%220.31%
Helen M. Waters44,2000.12%80.11%
Michelle I. O'Connor35,0000.09%70.10%
Hoda Sayed-Friel32,1000.08%60.08%
15 Directors and Officers as a Group*19,558,77152.59%3,90254.91%

*The number of shares indicated for Mr. Pappalardo includes the shares owned by the MEDITECH Profit Sharing Trust. Mr. Pappalardo is the sole Trustee of the MEDITECH Profit Sharing Trust and therefore has the power to vote its shares in addition to his own 9,915,954 shares.

Cash Payment in Lieu of Fractional Shares

MEDITECH will pay shareholders cash in lieu of fractional shares that would otherwise result from the Reverse Stock Split.

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As of the Record Date:
The 1,525 shareholders who hold less than 5,000 shares on the record date will be paid $45.00 multiplied by the number of shares owned just before the Reverse Stock Split. The aggregate cash payment for such fractional shares will be $51,358,275 (without interest).

The 288 shareholders who hold 5,000 or more shares on the Record Date will remain shareholders after the Reverse Stock Split, and will also receive cash in lieu of any fractional shares resulting from the Reverse Stock Split. The cash payment will equal $45.00 multiplied by the remainder when the number of Common Stock shares owned just before the Reverse Stock Split is divided by 5,000. The aggregate cash purchase price for the fractional shares of continuing shareholders will be $23,380,155 (without interest).

MEDITECH will sell marketable securities currently on its balance sheet to fund the expected $74,738,430 cash payment in lieu of fractional shares following the Reverse Stock Split. The Board of Directors believes the Reverse Stock Split will not have a material effect on MEDITECH's business operations or financial condition.

MEDITECH will pay its expenses incurred in connection with the Reverse Stock Split, including expenses relating to the Special Meeting of approximately $140,000 and legal fees of approximately $150,000.

Fairness of the Reverse Stock Split

The Board has fully considered and reviewed the terms, purpose, alternatives and effects of the Reverse Stock Split and has unanimously determined that the Reverse Stock Split is substantively and procedurally fair to all MEDITECH shareholders.

The Reverse Stock Split does not require the approval of a majority of our unaffiliated shareholders. The Reverse Stock Split will not be effectuated in a manner that treats affiliated shareholders differently from unaffiliated shareholders.

The Board believes that the cash-out payment to shareholders is fair, as it represents a significant premium over MEDITECH's book value, which was $14.45 at September 30, 2020. Moreover, the Board considered that the $45.00 price was consistent with the price at which MEDITECH last issued shares in 2013, when it sold shares to its staff at $45.00 per share.

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The Board did not seek to establish, and did not consider, a going concern valuation because the Board determined that the costs associated with engaging an independent financial advisor to assist the Board in analyzing and providing an accurate estimate of our going concern value exceeded the anticipated benefits of such analysis.

In reaching its conclusion as to fairness, the Board did not consider the liquidation value of MEDITECH, as there is no present intention of liquidating MEDITECH. The Board determined that such steps would be costly and time consuming and would not provide any meaningful additional benefits.

The Board did not have the benefit of any firm offers made within the past two years regarding the merger or consolidation of MEDITECH with or into any other company, the sale or other transfer of all or a substantial portion of the assets of MEDITECH or a purchase of the Common Stock that would enable the purchaser to exercise control of MEDITECH to consider as part of its deliberations.

In evaluating the fairness of the Reverse Stock Split with respect to the unaffiliated shareholders in particular, the Board also noted that the transaction would not differentiate among shareholders on the basis of affiliate status. The sole determining factor in whether a shareholder will be a continuing shareholder as a result of the Reverse Stock Split is the number of shares held by such shareholder immediately before the Effective Date, as no fractional shares will be issued. Accordingly, MEDITECH did not retain an unaffiliated representative to act solely on behalf of the unaffiliated shareholders for the purpose of negotiating the terms of the Reverse Stock Split or preparing a report covering the fairness of the Reverse Stock Split. Furthermore, the proposed Reverse Stock Split does not require the separate approval of shareholders unaffiliated with the Company.

The Board also considered the advantages and disadvantages of the Reverse Stock Split discussed in the sections "-Advantages of the Reverse Stock Split," "-Disadvantages of the Reverse Stock Split" and "-Alternatives Considered" in reaching its conclusion as to the substantive and procedural fairness of the Reverse Stock Split to MEDITECH's unaffiliated shareholders. The Board did not assign specific weight to each advantage and disadvantage in a formulaic fashion. However, the Board noted in their analysis that MEDITECH has no public trading market, and considering this fact and the costs associated with remaining a public reporting company, concluded that the Reverse Stock Split in the best interests of MEDITECH's shareholders, including our unaffiliated shareholders.

MEDITECH has not made any special provision in connection with the Reverse Stock Split to grant shareholders access to its corporate files or to obtain counsel or appraisal services at MEDITECH's expense. Additionally, the Board believes that this proxy statement, together with our other filings with the SEC, provides adequate information for our shareholders to make an informed decision with respect to the Reverse Stock Split.

The Directors who are not employees of MEDITECH have not retained a representative to act on behalf of unaffiliated security holders in connection with the Reverse Stock Split. MEDITECH has not received any report, opinion or appraisal from an outside party that is materially related to the Reverse Stock Split.

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MATERIAL FEDERAL INCOME TAX CONSEQUENCES

The Reverse Stock Split will have no material federal income tax consequences to MEDITECH. See Appendix B for further details about the potential consequences to shareholders.

APPRAISAL RIGHTS

We are required to state whether we have concluded that our shareholders are, are not or may be entitled to assert appraisal rights. We have concluded that our shareholders may be entitled to appraisal rights.

Any shareholder who believes that he or she is entitled to appraisal rights and who wishes to preserve those rights should carefully review Part 13 of the Massachusetts Business Corporation Act, or MBCA, a copy of which is attached as Appendix C, which sets forth the procedures to be complied with in perfecting any such rights. A vote in favor of the Reverse Stock Split will result in the waiver of any right that you would otherwise have to demand payment for your shares under the appraisal rights provisions of the MBCA. Shareholders should consult with their advisors, including legal counsel, in connection with any demand for appraisal.

PROPOSAL - APPROVAL OF AMENDMENT TO ARTICLES OF ORGANIZATION TO EFFECT THE REVERSE STOCK SPLIT

This section provides information relating to the proposal to amend MEDITECH's Articles of Organization to effect the Reverse Stock Split and related transactions, including the anticipated SEC deregistration.

NEITHER THE REVERSE STOCK SPLIT NOR ANY OF THE OTHER PROPOSED ACTIONS HAVE BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY STATE SECURITIES COMMISSION? AND NEITHER THE SEC NOR ANY STATE COMMISSION HAS PASSED UPON THE FAIRNESS OR MERITS OF THE REVERSE STOCK SPLIT OR UPON THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED IN THIS PROXY STATEMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

The Board has unanimously approved, and recommends to the shareholders that they approve, the Reverse Stock Split. If the Reverse Stock Split is approved, MEDITECH's Articles of Organization will be amended to effect a reverse stock split of its authorized and outstanding common stock, which will replace every 5,000 shares of Common Stock with 1 share of Common Stock. The proposed Articles of Amendment to the Articles of Organization is attached to this Proxy Statement as Appendix A.

The amendment will reduce the number of authorized shares of Common Stock from 40,000,000 to 8,000. The par value of the Common Stock will remain at $1.00 per share. The effective time for the Reverse Stock Split and the corresponding authorized stock reduction will be the date on which MEDITECH files the Articles of Amendment with the office of the Massachusetts Secretary of the Commonwealth or such later date and time as specified in the Articles of Amendment.

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MEDITECH will make a cash payment of $45.00 per share of Common Stock before the Reverse Stock Split in lieu of fractional shares. Having fewer than 300 shareholders of record will allow MEDITECH to terminate the registration of its Common Stock under the Exchange Act and cease being a public reporting company.

The terms, purpose, effects, advantages, disadvantages and other important information regarding the Reverse Stock Split are discussed above under the headings "SUMMARY OF TERMS OF REVERSE STOCK SPLIT" and "SPECIAL FACTORS," which information is incorporated in this section by this reference. We encourage shareholders to review this information carefully.

If the proposal is approved and the Reverse Stock Split completed, 288 shareholders will collectively own 7,106 shares of Common Stock. Because no ready market exists for the Common Stock, these shares will continue to be illiquid and the Right of First Refusal contained in MEDITECH's Articles of Organization will continue to apply to them.

MEDITECH has not issued or repurchased any shares of Common Stock since 2013. There is no intention of this changing in the near future.

If the proposal is approved and the Reverse Stock Split completed, the following may be of interest to MEDITECH staff who are also shareholders:
Quorum

A quorum of Shareholdersshareholders is necessary to hold a valid AnnualSpecial Meeting. A majority of the outstanding shares, virtually present in person or represented by proxy, constitutes a quorum. If you have returned a properly signed Proxy Page, you will be considered present at the meeting and part of the quorum. Abstentions arewill be counted as shares present at the meetingSpecial Meeting in determining whether a quorum exists.

SOLICITATION OF PROXIESRequired Shareholder Vote

This solicitationApproval of proxies for usethe Reverse Stock Split will require an affirmative vote of the holders of a majority of the outstanding shares of Common Stock. As of the Record Date, MEDITECH's Directors and Executive Officers as a group beneficially owned approximately 52% of the outstanding Common Stock. To MEDITECH's knowledge, all such Directors and Executive Officers intend to vote in favor of the Reverse Stock Split at the Annual MeetingSpecial Meeting.

Page 14 of 38

Recommendation of the Board of Directors

The MEDITECH Board of Directors has carefully considered and unanimously determined approval of the Reverse Stock Split is being made byin the Board. The cost of soliciting proxies will be borne by MEDITECH. Proxies may be solicited, in person or by telephone, by Officers and regular employeesbest interests of MEDITECH who will receive no compensation for their services other than their normal salaries.and its shareholders. Accordingly, MEDITECH's Board of Directors recommends that shareholders approve the amendment to the Articles of Organization and the Reverse Stock Split.

VOTING OF PROXIES

You cannot attend the Special Meeting in person. You can vote on matters which come beforeyour proxy either over the Annual Meeting either by signing and returning the enclosed Proxy PageInternet or by coming tomail in advance of the Annual Meeting and voting by ballot there.

Page 3 of 13

If you sign and return the Proxy Page, theSpecial Meeting. The two individuals named as proxies in the Proxy Page will vote your shares following your directions.as you indicate. If you submit an executed Proxy Page but do not make specific choices,indicate "approve", "disapprove" or "abstain", the proxies will vote "abstain" as your shares for the election of each of the nominees for Director and for the ratification of the selection of Wolf & Company as MEDITECH's Independent Registered Public Accounting Firm for 2018. If anyvote. No other matters are presented for action atwill be voted on other than the Annual Meeting,amendment to the proxies will vote your shares in their discretion.Articles of Organization to effect the Reverse Stock Split. At the time this Proxy Statement was prepared, the Board of Directors knew of no matters to be voted on at the AnnualSpecial Meeting other than those discussed in this Proxy Statement.

You may revoke your proxy after you have signed and returned it at any time before the proxy is voted at the AnnualSpecial Meeting. There are three ways to revoke your proxy: (1) you may send in another Proxy Page with a later date; (2) you may notify MEDITECH's Secretary in writing before the AnnualSpecial Meeting that you have revoked your proxy; or (3) you may vote in personelectronically by ballot at the AnnualSpecial Meeting.

Whether or notEven if you plananticipate attending the virtual meeting, we urge you to attend the Annual Meeting in person, please complete, sign and date the enclosed Proxy Page and return it promptly. If you do attend the Annual Meeting, you may vote your proxy either by mail or over the Internet in advance of the Special Meeting to ensure that your shares will be represented. Due to the expected attendance and virtual nature of the meeting, we encourage you to email your questions to the Secretary before the meeting by ballot even though you have sent in your Proxy Page. However, simply attending the Annual Meeting will not revoke your proxy if you do not vote by ballotemailing sconnell@meditech.com. Please email questions early to ensure a timely response.

SOLICITATION OF PROXIES

This solicitation of proxies for use at the Annual Meeting.Special Meeting is being made by the Board. The cost of soliciting proxies will be borne by MEDITECH. Proxies may be solicited, by e-mail or by telephone, by employees of MEDITECH, who will receive no compensation for their services other than their normal salaries.

PROPOSAL ONE: TO ELECT A BOARD OF DIRECTORSDIVIDENDS

MEDITECH has historically paid dividends on a quarterly basis. Below is information regarding dividends paid per share on its 37,190,854 outstanding shares for the past seven years and indicates a downward trend.

Full year 2013 2014 2015 2016 2017 2018 2019

 
 
 
 
 
 
 
Dividend per share $3.00 $3.00 $2.72 $2.48 $2.48 $2.48 $2.24

Page 15 of 38

SHAREHOLDER INFORMATION

The Board(i) audited financial statements of Directors has nominated A. Neil Pappalardo, Lawrence A. Polimeno, Howard Messing, Edward B. Roberts, Barbara A. ManzolilloMEDITECH for the years ended December 31, 2018 and Stuart N. Lefthes for election as the six Directors at the 2018 Annual Meeting. The Board expects all nominees to attendDecember 31, 2019 contained in the Annual Meeting.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE FOR ALL SIX NOMINEES LISTED ABOVE.Report on Form 10-K of MEDITECH for the year ended December 31, 2019 and (ii) unaudited financial statements of MEDITECH for the nine-month period ended September 30, 2020 contained in the Quarterly Report on Form 10-Q of MEDITECH for such quarter are incorporated herein by reference.

The affirmative voteinformation set forth under the caption "Annex I - Summary Financial Information" is incorporated herein by reference.

This Proxy Statement, Annual Report on Form 10-K for the fiscal year ended December 31, 2019, and Quarterly Report on Form 10-Q for the quarter ended September 30, 2020 are available for viewing, printing and downloading at www.meditech.com/shareholder/reports.html. In addition, copies of the holders of a plurality of the shares of common stock present or represented by proxyAnnual Report on Form 10-K and voting at the Annual MeetingQuarterly Report on Form 10-Q will be requiredfurnished without charge to elect each of the nominees as a Director. If you vote for specific nominees rather than all of them, your vote will count for only those selected. You may withhold authorityany shareholder upon written request to vote for the nominees by indicating "NONE OF THE ABOVE" on your Proxy Page, in which case your vote will not count for any nominee. Each of the nominees has agreed to serve as a Director if elected, and MEDITECH has no reason to believe any nominee will be unable to serve. However, if any nominee should become unavailable, your shares will, to the extent they were to be voted in favor of such nominee, be voted for another nominee, if any, proposed by the Board.

COMMUNICATION WITH THE BOARD

MEDITECH Shareholders may recommend candidates to the Board for future consideration as potential Directors by submitting their names and appropriate background and biographical information. This information should be provided prior to the January Board meeting for the Board to have the opportunity to consider these candidates in the same manner as it considers other Board candidates.

MEDITECH Shareholders may send communications to the full Board or to specific Directors in care of Shannon M. Connell, Secretary, Medical Information Technology, Inc., MEDITECH Circle, Westwood MA 02090. The Secretary will forward copies of such communications directly toThis Proxy Statement, Annual Report on Form 10-K and Quarterly Report on Form 10-Q are also available on the full Board or to specific Directors as requested.SEC's website at www.sec.gov.

Page 4The book value per share of 13Common Stock as of September 30, 2020 was $14.45.

DIRECTORS, EXECUTIVE OFFICERS OF THE COMPANY AND CORPORATE GOVERNANCE

AllDIRECTORS AND EXECUTIVE OFFICERS

Below is a list of all Directors are elected each year at the Annual Meeting of Shareholders. Alland Executive Officers are elected at the first meeting of the Board following the Annual Meeting of Shareholders and hold office for one year. The positions held by each Director and Officer of MEDITECH on March 23, 2018, are shown below. There are no family relationships among the following persons.as of [DATE].

Director or OfficerAgePosition with MEDITECH



A. Neil Pappalardo75Chairman and Director
Lawrence A. Polimeno76Vice Chairman and Director
Howard Messing65President, Chief Executive Officer and Director
Barbara A. Manzolillo65Treasurer, Chief Financial Officer and Director
Edward B. Roberts82Director
Stuart N. Lefthes65Director
Michelle I. O'Connor52Executive Vice President and Chief Operating Officer
Hoda Sayed-Friel60Executive Vice President
Helen M. Waters53Executive Vice President
Christopher J. Anschuetz65Senior Vice President
Steven B. Koretz66Senior Vice President
Leah L. Farina50Vice President
Scott M. Radner53Vice President
James W. Merlin58Controller and Chief Accounting Officer

The address of all Directors and Executive Officers and Directors is in care of Medical Information Technology, Inc., MEDITECH Circle, Westwood, MA 02090. The following is a description of the business experience during the past five years of each Director and Executive Officer.

Page 16 of 38

A. Neil Pappalardo, the founder and Chairman of MEDITECH, was its Chief Executive Officer until 2010, and has been a Director since 1969.

Lawrence A. Polimeno has been the Vice Chairman of MEDITECH since 2002, was its President and Chief Operating Officer prior to that, has been a Director since 1985, and has been with MEDITECH since 1969.

Howard Messing has been the President and Chief Executive Officer of MEDITECH since 2010,2019, was its President and Chief OperatingExecutive Officer prior to that, has been a Director since 2011, and has been with MEDITECH since 1974.

Barbara A. Manzolillo has been a Director since 2016, is the Treasurer and Chief Financial Officer since 1996, was the Treasurer prior to that, has been a Director since 2016, and has been with MEDITECH since 1975.

Edward B. Roberts, co-founder of MEDITECH, is the David Sarnoff Professor of Management of Technology at the Sloan School of Management at the Massachusetts Institute of Technology, and has been a Director since 1969.

Stuart N. Lefthes has been a Director since 2016, retired as the Senior Vice President of Sales inEmeritus since 2016, was a Senior Vice President prior to that, has been a Director since 2016, and had been with MEDITECH since 1983.

Michelle I. O'Connor has been the President and Chief Operating Officer since 2019, was Executive Vice President and Chief Operating Officer since 2016, was Executive Vice President of Product Development prior to that, and has been with MEDITECH since 1988.

Page 5 of 13

Hoda Sayed-Friel has been thean Executive Vice President of Strategy and Client Services since 2012, was thea Vice President of Marketing prior to that, and has been with MEDITECH since 1986.

Helen M. Waters has been thean Executive Vice President of Sales and Marketing since 2016, was a Vice President of Customer Service prior to that, and has been with MEDITECH since 1990.

Christopher J. Anschuetz has been the Senior Vice President of Technology since 2011, was a Vice President prior to that, and has been with MEDITECH since 1975.

Steven B. Koretz has been the Senior Vice President of Client Services since 2012, was a Vice President prior to that, and has been with MEDITECH since 1982.

Leah L. Farina has been the Vice President of Client Services since 2010, was a Senior Manager prior to that, and has been with MEDITECH since 1989.

Scott M. Radner has been the Vice President of Technology since 2011, was a Senior Manager prior to that, and has been with MEDITECH since 1990.

James W. MerlinNeither MEDITECH nor, to MEDITECH's knowledge, any of MEDITECH's Directors or Executive Officers has been convicted in a criminal proceeding during the Controller and Chief Accounting Officer since 2016, was the Controller prior to that, andpast five years (excluding traffic violations or similar misdemeanors) or has been with MEDITECH since 1986.a party to any judicial or administrative proceeding during the past five years (except for matters that were dismissed without sanction or settlement) that resulted in a judgment, decree or final order enjoining the person from future violations of, or prohibiting activities subject to, federal or state securities laws, or a finding of any violation of federal or state securities laws.

THE BOARD OF DIRECTORS AND ITS COMMITTEES

The BoardEach of MEDITECH's Directors oversees MEDITECH's business and financial activities and monitors the performance of management, butExecutive Officers is not involved in the day-to-day operations. The Directors review MEDITECH's performance, processes and controls, key policies, legal and regulatory requirements, ethical conduct and new or unusual transactions. The Directors are actively involved in oversight of business and financial risks which could affect MEDITECH. The Board receives regular quarterly reports from Officers which cover topics such as financial, technological, regulatory and reputation risk. The Directors meet regularly with the CEO, the CFO, other Officers; read reports and other materials; and participate in Board and committee meetings. The Board consists of 6 members. During 2017 the Board held 4 regularly scheduled quarterly meetings and a quorum was present at each meeting. Messrs. Roberts and Lefthes are "independent" as defined by the rulescitizen of the NYSE and NASDAQ.

The Board of Directors does not have an Audit Committee. Ms. Manzolillo is a financial expert within the meaning of applicable rules under the Securities Exchange Act of 1934, as amended. The Board has selected Mr. Lefthes as its representative to meet quarterly with MEDITECH's Independent Registered Public Accounting firm to review accounting practices and advise MEDITECH's CFO.

The Board of Directors does not have a Compensation Committee. Instead, the full Board, because of its small size, carries out the duties of this Committee. The Board annually determines the total amount of the Staff Bonus and the contribution to the MEDITECH Profit Sharing Trust. Once a year the full Board meets with all the Officers to review their performance and responsibilities. The Board annually sets the salary for each of the Officers.

The Board of Directors does not have a Nominating Committee. The Board considers a broad range of characteristics related to qualifications, background and diversity of nominees based on MEDITECH's current business needs. The Board has not adopted written guidelines regarding nominees for Director.United States.

Page 617 of 1338

The Charitable Contribution Committee consists of Messrs. Pappalardo, Polimeno and Messing. This committee meets at least 6 times a year to review the criteria for the year's charitable contribution program, meets and evaluates each organization under consideration and determines the amount to be contributed to each organization for the year. During 2017 the committee contributed $755,000 to 39 cultural, educational and social service organizations primarily within the greater Boston area.

During 2017 the 2 members of the Board of Directors who were not Officers of MEDITECH received a fee of $8,000 for each quarterly meeting fully attended, with such fee being deemed to also cover any special meetings, conference or committee time, and incidental expenses expended by such directors on behalf of MEDITECH.

During 2005 a Code of Ethical Conduct was created by management and adopted by the Board of Directors in an effort to outline the principles established at MEDITECH which help guide the actions of its staff, Officers and Directors. This Code sets forth ethical standards of conduct for all to follow and provides a framework for decision-making. This Code is intended to promote proper conduct at all levels of business in compliance with all applicable laws and regulations as well as to deter wrongdoing. These guiding principles are designed to propel MEDITECH forward towards future success in a continued tradition of "ingenuity delivered with integrity" in all of our business relationships. The Code of Ethical Conduct is available on MEDITECH's web site and any waiver for senior management will be disclosed there as well.

EXECUTIVE COMPENSATION

There are no employment contracts providing for continued compensation in effect for any Officer of MEDITECH. MEDITECH has no Stock Award programs, no Stock Option programs and no Non-equity Incentive plans. The compensation received by MEDITECH's Chief Executive Officer, Chief Financial Officer and the three most highly compensated other Officers for the past 3 years ended December 31 is summarized in the following table. The deferred columns represent, respectively, the annual increase in the individual's balance in the MEDITECH Profit Sharing Plan and the individual's share of MEDITECH's annual contribution to this Plan.

Name and PositionYearSalaryBonusDeferredDeferredTotal







Howard Messing2017$432,000$7,790$52,308$3,717$495,815
  President, Chief Executive2016432,00016,99167,4683,780520,239
  Officer and Director2015360,00019,37761,2653,785444,427







Barbara A. Manzolillo2017$408,000$7,790$52,308$3,717$471,815
  Treasurer, Chief Financial2016408,00016,99167,4683,780496,239
  Officer and Director2015300,00019,37761,2653,785384,427







Michelle I. O'Connor2017$384,000$7,790$34,486$3,717$429,993
  Executive Vice President2016384,00016,99141,4313,780446,202
  and Chief Operating Officer2015264,000194,37735,2313,785497,393







Hoda Sayed-Friel2017$384,000$7,790$52,308$3,717$447,815
  Executive Vice President2016384,00016,99164,6803,780469,451
 2015264,000194,37755,1243,785517,286







Helen M. Waters2017$384,000$7,790$37,616$3,717$433,124
  Executive Vice President2016384,00016,99145,2133,780$449,984
 2015264,000194,37738,4673,785500,629

Page 7 of 13

Annual Cash Bonus: MEDITECH distributes a Staff Bonus in January to all staff members, including Officers, in recognition of services rendered by them during the prior year. The individual portion of the Staff Bonus paid to each recipient is determined by prorating the sum of the recipient's prior five years of cash compensation capped at $600,000. In the above table certain Officers received an Officer Bonus in January 2015, but such bonus was discontinued for all Officers thereafter.

Profit Sharing Plan: MEDITECH maintains a qualified defined contribution plan for all of MEDITECH's staff known as the Medical Information Technology, Inc. Profit Sharing Plan. All of the staff who have completed one year of service participate in the Plan. The Board of Directors sets the annual contribution, which is made in December and allocated in proportion to total compensation of all eligible members for the Plan year capped at $100,000. No allocation is allowable under this Plan to owners of 10% or more of MEDITECH's common stock. Contributions by members are not permitted. Benefits under the Plan are considered deferred compensation and become fully vested after five years of continuous service with MEDITECH. Members who have at least 20 years of service or who have incurred financial hardship may request in-service withdrawals. Lump sum cash payment is made upon retirement, death, disability or termination of employment.

COMPENSATION REPORT

All Board members other than Mr. Roberts are current or former MEDITECH Officers. During the year just ended all Board members participated in setting the annual salary for each Officer based on the actual and expected contributions of each to the annual and long-term financial performance of MEDITECH. Board members decided to include this Compensation Report in the proxy statement.

Submitted by: A. Neil Pappalardo, Lawrence A. Polimeno, Howard Messing, Edward B. Roberts, Barbara A. Manzolillo and Stuart N. Lefthes

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS, DIRECTORS AND MANAGEMENTEXECUTIVE OFFICERS

The following table provides information as of March 23, 2018[DATE] with respect to the shares of common stock beneficially owned by (i) each person known by MEDITECHto us to own beneficially more than 5%five percent of MEDITECH'sthe outstanding common stock,shares of our Common Stock and (ii) each Director and Executive Officer of MEDITECH each Executive Officer named in the Compensation Table and by all Directors and Officers of MEDITECH as a group.their respective associates. The number of shares beneficially owned is determined according to rules of the Securities and Exchange Commission. Under such rules, a person's beneficial ownership includes any shares as to which such person has sole or shared voting power or investment power.

Name of Number of SharesPercentageNumber of Shares  Percentage
Shareholder,of Common Stockof Shares ofof Common Stock of Shares of
Director or OfficerBeneficially OwnedCommon Stock
Director or Executive OfficerBeneficially OwnedCommon Stock

A. Neil Pappalardo*16,487,72844.33%16,773,82145.10%
MEDITECH Profit Sharing Trust*6,586,97417.71%6,857,86718.44%
Ruderman Group3,666,0409.86%3,666,0409.86%
Curtis W. Marble2,500,0006.72%1,900,0005.11%
Grossman Group2,061,1445.54%2,061,1445.54%
Lawrence A. Polimeno975,0002.62%1,012,6212.72%
Edward B. Roberts676,8791.82%676,8791.82%
Howard Messing405,0001.09%405,0001.09%
Barbara A. Manzolillo195,0000.52%195,0000.52%
Stuart N. Lefthes113,0000.30%110,8000.30%
Helen M. Waters44,2000.12%44,2000.12%
Michelle I. O'Connor35,0000.09%35,0000.09%
Hoda Sayed-Friel32,1000.08%32,1000.08%
14 Directors and Officers as a Group*19,228,33251.70%
15 Directors and Officers as a Group*19,558,77152.59%

Page 8 of 13

*The number of shares indicated for Mr. Pappalardo includes the shares owned by the MEDITECH Profit Sharing Trust. Mr. Pappalardo is the sole Trustee of the MEDITECH Profit Sharing Trust and therefore has the power to vote its shares in addition to his own 9,900,7549,915,954 shares. Likewise the number of shares indicated for the 14 Directors and Officers as a Group includes the shares owned by the MEDITECH Profit Sharing Trust.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCECOMMUNICATION WITH THE BOARD

During 2017,MEDITECH shareholders may communicate with the full Board or specific Directors by sending postal mail to Shannon M. Connell, Secretary, Medical Information Technology, Inc., MEDITECH Profit Sharing Trust filed Forms 4 for its purchases of MEDITECH stock, but some of these filings were late. To MEDITECH's knowledge, based solely on a review ofCircle, Westwood MA 02090 or by emailing sconnell@meditech.com. The Secretary will then forward such communications directly to the reports given to MEDITECH, all other Section 16(a) filing requirements applicable to its Executive Officers, Directors and greater-than-10% shareholders were satisfied in 2017.

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

No additional shares of MEDITECH stock were purchased from MEDITECH by any Director or Officer in 2015, 2016 or 2017.

PROPOSAL TWO: TO RATIFY THE SELECTION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Thefull Board of Directors has selected Wolf & Company as MEDITECH's Independent Registered Public Accounting Firm for the year ending December 31, 2018. The Board does not expect a representative of Wolf & Company to be present at the meeting.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE FOR PROPOSAL TWO AND RATIFY THE SELECTION OF THE INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Ratification of the selection of the Independent Registered Public Accounting Firm requires the affirmative vote of a majority of the shares voting on the matter. For this purpose, abstentions will not have any effect on the vote.

During 2017, audit and non-audit services included auditing MEDITECH's financial statements, reviewing unaudited quarterly financial information, and discussing various accounting, tax, and regulatory matters. Fees paid or to be paid for such services for the three years ended December 31 arespecific Directors as follows:

 201520162017
 


Annual audit and quarterly reviews$265,000$282,500$305,000
Audit related to Profit Sharing Trust22,00023,00024,000
 


 $287,000$305,500$329,000
 



It is the policy of the Board of Directorsrequested. Please email questions early to approve all audit and non-audit services to be provided to MEDITECH by its Independent Registered Public Accounting Firm and the above amounts were so approved.ensure a timely response.

Page 918 of 1338

ADDITIONAL INFORMATION

MEDITECH is required to comply with the informational requirements of the Securities Exchange Act of 1934 and to file reports, proxy statements and other information with the Securities and Exchange Commission (SEC). You may read and copy these reports, proxy statements and other information at the SEC's Public Reference Room at 450 Fifth Street NW, Washington, DC 20549. You may also obtain copies at the prescribed rates from the Public Reference Room. You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains a web site which contains reports, proxy and information statements and other information regarding issuers like MEDITECH which file electronically with the SEC. You may access the SEC's web site at http://www.sec.gov.

SHAREHOLDER PROPOSALS TO BE SUBMITTED AT THE NEXT ANNUAL MEETING

The Board of Directors carefully considers all proposals and suggestions from Shareholders. When adoptionIf the Reverse Stock Split is in the best interest of MEDITECH and its Shareholders, and can be accomplished without Shareholder approval, the proposal will be implemented without inclusion in the proxy material or presentation to Shareholders for consideration at the Annual Meeting.

Examples of Shareholder suggestions which have been adopted over the years include improved procedures involving dividend payments and Shareholder disclosure materials, and changes or additions to the proxy material concerning such matters as abstentions from voting and confidentiality of Shareholder voting.

Shareholdernot completed, shareholder proposals submitted for inclusion in MEDITECH's Proxy Statement and Proxy Page for next year's Annual Meeting must be received by MEDITECH at its corporate offices on or before November 23, 2018[DATE] and must comply with the rules of the SEC governing the form and content of such proposals, in order to be considered for inclusion in MEDITECH's Proxy Statement and Proxy Page. Any such proposals should be directed to Shannon M. Connell, Secretary, Medical Information Technology, Inc., MEDITECH Circle, Westwood MA 02090.

Proxies solicited by the Board of Directors will confer discretionary voting authority with respect to Shareholder proposals which are not included in MEDITECH's Proxy Statement as described above. However, the discretionary voting authority may be limited as to a proposal that is received by MEDITECH at the above address on or before February 8, 2019 and as to which the proponent satisfies certain SEC requirements.

STOCK PRICE PERFORMANCE

No public trading market exists for MEDITECH's common stock, and accordingly MEDITECH has not prepared a comparative performance graph as such. However, for shareholder reference, shown below are two comparative tables.

Table 1 shows the year-end fair share values of MEDITECH's common stock as determined by MEDITECH's Board of Directors. Because MEDITECH does not believe it can reasonably identify a group of peer issuers, it has instead included for comparative purposes the corresponding year-end values for the S&P 600 small-cap index. This table does not include any dividends received.

Table 1201220132014201520162017







MEDITECH common$45.00$45.00$45.00$45.00$45.00$45.00
S&P 600 small-cap476.57665.54695.08671.74837.96936.26

Table 2 shows the changes in the relative year-end values assuming an initial investment of $100 in each on December 31, 2012, but includes the reinvestment of dividends received.

Table 2201220132014201520162017







MEDITECH common$100.00$106.66$113.78$120.65 $127.30$134.15
S&P 600 small-cap$100.00$139.50$145.79$142.91$180.89$204.82

The information shown in the above tables is not necessarily indicative of future performance.

Page 10 of 13

OTHER MATTERS

At the time this Proxy Statement was prepared, the Board of Directors knew of no matters to be voted on at the Annual Meeting other than those discussed in this Proxy Statement. If any other matters should properly come before the meeting, the proxy holders have discretionary authority to vote their shares on any such matters according to their best judgment.

Whether or not you plan to attend the Annual Meeting in person, please complete, sign and date the enclosed Proxy Page and mail it in the enclosed envelope which requires no additional postage if mailed in the United States.

By Order of the Board of Directors,

Shannon M. Connell, Secretary
Westwood, Massachusetts
March 23, 2018October [DATE], 2020

Page 1119 of 1338

Annex I

SUMMARY FINANCIAL INFORMATION
Medical Information Technology, Inc.
Balance Sheets

 Dec 31, 2018Dec 31, 2019Sep 30, 2020
 


Cash and equivalents$23,095,977$14,997,613$50,134,888
Marketable securities268,638,359421,554,499372,465,786
Trade receivables, net of reserve36,760,81236,575,02844,447,421
Contract assets, prepaid and other12,077,93514,223,03711,732,240
 


  Current assets340,573,083487,350,177478,780,335
    
Computer equipment13,979,60913,339,42512,563,924
Furniture and fixtures92,804,04076,135,67576,030,492
Buildings240,288,774190,105,517190,105,517
Land40,959,23026,717,57726,717,577
Accumulated depreciation(175,832,443)(138,527,057)(143,764,814)
 


  Fixed assets212,199,210167,771,137161,652,696
    
Other assets8,430,5157,193,9987,105,342
Deferred tax assets8,257,1447,160,0377,594,917
 


  Total assets$569,459,952$669,475,349$655,133,290
 


    
Accounts payable$701,524$211,391$374,919
Taxes payable1,825,5283,111,8781,490,861
Accrued expenses23,916,83224,327,70930,858,218
Deferred revenue52,666,65139,711,20751,257,723
 


  Current liabilities79,110,53567,362,18583,981,721
    
Deferred tax liabilities12,409,40726,951,47417,595,579
Tax reserves17,039,28217,411,28216,051,628
 


  Total liabilities108,559,224111,724,941117,628,928
 


Common stock, $1.00 par value, authorized   
  40,000,000 shares, issued and outstanding   
  37,190,854 shares in 2018, 2019 and 202037,190,85437,190,85437,190,854
Additional paid-in capital122,907,959122,907,959122,907,959
Retained income300,801,915397,651,595377,405,549
 


  Shareholder equity460,900,728557,750,408537,504,362
 


  Total liabilities and shareholder equity$569,459,952$669,475,349$655,133,290
 


Shareholder equity per share$12.39$15.00$14.45

Page 20 of 38

SUMMARY FINANCIAL INFORMATION
Medical Information Technology, Inc.
Statements of Operations

 Dec 31, 2018Dec 31, 2019Sep 30, 2020
 


Product revenue$165,487,109$161,975,285$114,670,882
Service revenue322,701,637331,869,347258,662,543
 


  Total revenue488,188,746493,844,632373,333,425
    
Operations, development334,612,704332,551,702251,193,563
Selling, G & A88,808,76996,813,26858,513,972
 


  Operating expense423,421,473429,364,970309,707,535
 


  Operating income64,767,27364,479,66263,625,890
    
Other income25,980,37921,463,26216,176,591
Gain on sale of property--88,948,907--
Change in unrealized security gains(23,416,834)57,809,294(39,088,713)
Other expense7,124,6566,112,3262,528,081
 


  Pretax income60,206,162226,588,79938,185,687
    
State income tax (benefit)(387,076)7,623,403(62,000)
Federal income tax4,387,44238,808,203476,000
 


  Income tax4,000,36646,431,606414,000
 


  Net income$56,205,796$180,157,193$37,771,687
 


Shares outstanding37,190,85437,190,85437,190,854
Net Income per share$1.51$4.84$1.02

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Appendix A

Articles of Amendment
(General Laws Chapter 156D, Section 10.06; 950 CMR 113.34)

(1) Exact name of corporation: Medical Information Technology, Inc.

(2) Registered Office address: MEDITECH Circle, Westwood, MA 02090

(3) These articles of amendment affect article(s): ARTICLE III

(4) Date adopted: [DATE]

(5) Approved by: the board of directors and the shareholders in the manner required by law and the articles of organization.

(6) State the article number and text of the amendment. Unless contained in the text of the amendment, state the provisions for implementing the exchange, reclassification or cancellation of issued shares.

Article III shall be amended and restated in its entirety to read as follows:

Article III

The total number of shares of capital stock that the Company shall have authority to issue shall consist of 8,000 shares of common stock, par value $1.00 per share ("Common Stock"). Upon the filing and effectiveness (the "Effective Time") of these Articles of Amendment, each 5,000 shares of issued Common Stock issued and outstanding immediately prior to the Effective Time shall be reclassified into, and shall, automatically and without any action on the part of the Company or the respective holders thereof, be combined and changed into and become, one validly issued, fully-paid and nonassessable share of Common Stock, without increasing or decreasing the par value of each share of Common Stock (the "Reverse Stock Split"). Notwithstanding the foregoing, no fractional shares of Common Stock shall be issued as a result of the Reverse Stock Split and, in lieu thereof, any person who would otherwise be entitled to a fractional share of Common Stock as a result of the Reverse Stock Split, following the Effective Time (after taking into account all fractional shares of post-Reverse Stock Split Common Stock otherwise issuable to such holder), shall be entitled to receive cash (without interest) for such holder's fractional share in an amount equal to $45.00 per share of Common Stock held prior to the Reverse Stock Split. The Reverse Stock Split shall be effected on a record holder-by-record holder basis, such that any fractional shares of post-Reverse Stock Split Common Stock resulting from the Reverse Stock Split and held by a single record holder shall be aggregated.

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To change the number of shares and the par value, * if any, of any type, or to designate a class or series, of stock, or change a designation of class or series of stock, which the corporation is authorized to issue, complete the following:

Total authorized prior to amendment:

 WITH PAR VALUE 
TYPENUMBER OF SHARESPAR VALUE
Common stock40,000,000$1.00

Total authorized after amendment:

 WITH PAR VALUE 
TYPENUMBER OF SHARESPAR VALUE
Common stock8,000$1.00

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Appendix B

MATERIAL FEDERAL INCOME TAX CONSEQUENCES

The following is a summary of the material U.S. federal income tax consequences of the Reverse Stock Split to MEDITECH and its shareholders. This summary is based upon the Internal Revenue Code of 1986, as amended (the "Code"), existing Treasury Regulations promulgated thereunder, published rulings, administrative pronouncements and judicial decisions, any changes to which could affect the tax consequences described herein, possibly on a retroactive basis. This summary only addresses shareholders who hold their shares as a capital asset. This summary does not address any state, local, non-U.S., or the U.S. federal estate or gift, Medicare net investment income, or alternative minimum tax provisions of the Code. No assurance can be given that possible changes in such U.S. federal income tax laws or interpretations will not adversely affect this summary. This summary is not binding on the Internal Revenue Service ("IRS").

The following summary does not address all U.S. federal income tax considerations that may be relevant to particular shareholders in light of their individual circumstances or to shareholders that may be subject to special tax rules, including, without limitation: financial institutions, tax-exempt organizations (including private foundations), insurance companies, dealers in securities, non-U.S. investors, pass-through entities such as partnerships, S corporations, disregarded entities for federal income tax purposes and limited liability companies (and investors therein), holders that received their shares pursuant to the exercise of employee stock options or otherwise as compensation, and investors that hold the shares as part of a straddle, hedge, conversion, constructive sale, or other integrated transaction for U.S. federal income tax purposes, certain former citizens or long-term residents of the United States, and persons for whom our common stock constitutes "qualified small business stock" within the meaning of Section 1202 of the Code or "Section 1244 stock" for purposes of Section 1244 of the Code.

This summary assumes that you are one of the following:
If a partnership (including any entity treated as a partnership for U.S. federal income tax purposes) holds common stock, the tax treatment of a partner with respect to the Reverse Stock Split generally will depend upon the status of the partner and the activities of the partnership. Such partner or partnership is urged to consult its own tax advisor as to the U.S. federal, state, local, and non-U.S. income tax consequences of the Reverse Stock Split.

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NO RULING FROM THE IRS OR OPINION OF COUNSEL HAS BEEN OR WILL BE OBTAINED REGARDING THE U.S. FEDERAL INCOME TAX CONSEQUENCES TO SHAREHOLDERS IN CONNECTION WITH THE REVERSE STOCK SPLIT. ACCORDINGLY, ALL SHAREHOLDERS ARE ENCOURAGED TO CONSULT THEIR OWN TAX ADVISOR AS TO THE PARTICULAR FEDERAL, STATE, LOCAL, NON-U.S., AND OTHER TAX CONSEQUENCES OF THE REVERSE STOCK SPLIT, IN LIGHT OF THEIR INDIVIDUAL CIRCUMSTANCES.

Tax Consequences to MEDITECH

We believe that the Reverse Stock Split generally should be treated as a tax-free "recapitalization" for federal income tax purposes, in which case the Reverse Stock Split should have no material federal income tax consequences to MEDITECH.

Federal Income Tax Consequences to Shareholders Who Do Not Receive Cash in connection with the Reverse Stock Split

If you receive no cash in connection with the Reverse Stock Split, but continue to hold Shares immediately after the Reverse Stock Split, you will not recognize any gain or loss for U.S. federal income tax purposes. The aggregate adjusted tax basis of the shares you hold immediately after the Reverse Stock Split will equal the aggregate adjusted tax basis of the shares you held immediately prior to the Reverse Stock Split, and the holding period in those shares will be the same as immediately prior to the Reverse Stock Split.

Federal Income Tax Consequences to Shareholders Who Receive Cash in the Transaction and Who Will Own, or Will Be Considered under the Code to Own, Shares After the Reverse Stock Split

In some instances you may be entitled to receive cash in connection with the Reverse Stock Split for shares you hold in one capacity, but continue to hold shares in another capacity. For example, you may own fewer than 5,000 shares in your own name (for which you will receive cash) and own 5,000 or more shares that are held in your brokerage account in "street name." Alternatively, for federal income tax purposes you may be deemed to own shares held by others. For instance, if you own fewer than 5,000 shares in your own name (for which you will receive cash) and your spouse owns 5,000 or more shares (which will continue to be held following the completion of the Reverse Stock Split), the shares owned by your spouse will be attributable to you. Furthermore, in determining whether you are considered to continue to hold shares, for federal income tax purposes, immediately after the Reverse Stock Split, you will be treated as owning shares actually or constructively owned by certain family members and entities in which you, or a member of your family, have an interest (such as trusts and estates of which you are beneficiary and corporations and partnerships of which you are an owner, and shares you have an option to acquire). Accordingly, in some instances the shares you own in another capacity, or which are attributed to you, may remain outstanding.

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If you receive cash in connection with the Reverse Stock Split, but are treated as continuing to own shares directly or through attribution as described above, you will recognize capital gain or loss for federal income tax purposes equal to the difference between the cash you receive for the shares and your aggregate adjusted tax basis in those shares, provided that the receipt of cash either is "not essentially equivalent to a dividend," or constitutes a "substantially disproportionate redemption of stock," as described below. Gain or loss must be calculated separately with respect to each block of shares exchanged in the transaction.

Not Essentially Equivalent to a Dividend

The receipt of cash is "not essentially equivalent to a dividend" if the reduction in your proportionate interest in us resulting from the Reverse Stock Split (taking into account for this purpose Shares which you are considered to own under the attribution rules described above) is considered a "meaningful reduction" given your particular facts and circumstances. The IRS has ruled that a small reduction by a minority shareholder whose relative stock interest is minimal and who exercises no control over the affairs of a corporation can satisfy this test.

Substantially Disproportionate Redemption of Stock

The receipt of cash in the Reverse Stock Split will be a "substantially disproportionate redemption of stock" if? (a) you own less than 50% of the total combined voting power of all classes of stock entitled to vote, and (b) the percentage of our voting stock owned by you immediately after the Reverse Stock Split is less than 80% of the percentage of shares of voting stock owned by you immediately before the Reverse Stock Split. For purposes of these percentage ownership tests, you are considered to own common stock owned directly as well as indirectly through the application of the attribution ownership rules described above.

Capital gain or loss recognized will be long-term if your holding period with respect to the common stock surrendered is more than one year at the time of the Reverse Stock Split. The deductibility of capital loss is subject to limitations. If you are an individual, long-term capital gain and dividend income should generally be subject to United Stated federal income tax at a maximum rate of 20%. In general, dividends are taxed at ordinary income rates. However, you may qualify for a 20% federal income tax rate on any cash received in the Reverse Stock Split that is treated as a dividend as described above, if? (i) you are an individual or other non-corporate shareholder; (ii) you have held the common stock with respect to which the dividend was received for more than 60 days during the 120-day period beginning 60 days before the ex-dividend date, as determined under the Code; and (iii) you were not obligated during such period (pursuant to a short sale or otherwise) to make related payments with respect to positions in substantially similar or related property. You should consult with your tax advisor regarding your eligibility for such lower tax rates on dividend income.

If the receipt of cash in exchange for shares is not treated as capital gain or loss under either of the tests, it will be treated first as dividend income to the extent of the your ratable share of our current and accumulated earnings and profits, then as a tax-free return of capital to the extent of the your aggregate adjusted tax basis in the shares, and any remaining amount will be treated as capital gain.

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If you, or a person or entity whose ownership of shares would be attributed to you will continue to hold common stock immediately after the Reverse Stock Split, you are urged to consult with your tax advisor as to the particular federal, state, local, non-U.S., and other tax consequences of the Reverse Stock Split in light of your specific circumstances.

Federal Income Tax Consequences to Shareholders Who Receive Cash in the Transaction and Who Will Not Own, or Will Not Be Considered under the Code to Own, Shares After the Transaction

If you receive cash as a result of the Reverse Stock Split and you do not own, and are not considered to own, Shares immediately after the Reverse Stock Split, you will recognize capital gain or loss for federal income tax purposes equal to the difference between the cash you receive for the Shares and your aggregate adjusted tax basis in those shares. Capital gain or loss recognized will be long-term if your holding period with respect to the common stock surrendered is more than one year at the time of the Reverse Stock Split. The deductibility of capital loss is subject to limitations.

Backup Withholding

If you receive cash as a result of the Reverse Stock Split, you will be required to provide your social security or other taxpayer identification number (or, in some instances, additional information) in connection with the Reverse Stock Split to avoid backup withholding requirements that might otherwise apply. Failure to provide such information may result in backup withholding. Backup withholding is not an additional tax. Rather, the amount of the backup withholding can generally be credited against your U.S. federal income tax liability provided that the required information is given to the IRS. If backup withholding results in an overpayment of tax, a refund can generally be obtained by you upon filing an appropriate income tax return on a timely basis.

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Appendix C

Part 13 of the Massachusetts Business Corporation Act

Section 13.01. DEFINITIONS

In this PART the following words shall have the following meanings unless the context requires otherwise:

"Affiliate", any person that directly or indirectly through one or more intermediaries controls, is controlled by, or is under common control of or with another person.

"Beneficial shareholder", the person who is a beneficial owner of shares held in a voting trust or by a nominee as the record shareholder.

"Corporation", the issuer of the shares held by a shareholder demanding appraisal and, for matters covered in sections 13.22 to 13.31, inclusive, includes the surviving entity in a merger.

"Fair value", with respect to shares being appraised, the value of the shares immediately before the effective date of the corporate action to which the shareholder demanding appraisal objects, excluding any element of value arising from the expectation or accomplishment of the proposed corporate action unless exclusion would be inequitable.

"Interest", interest from the effective date of the corporate action until the date of payment, at the average rate currently paid by the corporation on its principal bank loans or, if none, at a rate that is fair and equitable under all the circumstances.

"Marketable securities", securities held of record by, or by financial intermediaries or depositories on behalf of, at least 1,000 persons and which were

(a) listed on a national securities exchange,

(b) designated as a national market system security on an interdealer quotation system by the National Association of Securities Dealers, Inc., or

(c) listed on a regional securities exchange or traded in an interdealer quotation system or other trading system and had at least 250,000 outstanding shares, exclusive of shares held by officers, directors and affiliates, which have a market value of at least $5,000,000.

"Officer", the chief executive officer, president, chief operating officer, chief financial officer, and any vice president in charge of a principal business unit or function of the issuer.

"Person", any individual, corporation, partnership, unincorporated association or other entity.

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"Record shareholder", the person in whose name shares are registered in the records of a corporation or the beneficial owner of shares to the extent of the rights granted by a nominee certificate on file with a corporation.

"Shareholder", the record shareholder or the beneficial shareholder.

Section 13.02. RIGHT TO APPRAISAL

(a) A shareholder is entitled to appraisal rights, and obtain payment of the fair value of his shares in the event of, any of the following corporate or other actions:

(1) consummation of a plan of merger to which the corporation is a party if shareholder approval is required for the merger by section 11.04 or the articles of organization or if the corporation is a subsidiary that is merged with its parent under section 11.05, unless, in either case, (A) all shareholders are to receive only cash for their shares in amounts equal to what they would receive upon a dissolution of the corporation or, in the case of shareholders already holding marketable securities in the merging corporation, only marketable securities of the surviving corporation and/or cash and (B) no director, officer or controlling shareholder has a direct or indirect material financial interest in the merger other than in his capacity as (i) a shareholder of the corporation, (ii) a director, officer, employee or consultant of either the merging or the surviving corporation or of any affiliate of the surviving corporation if his financial interest is pursuant to bona fide arrangements with either corporation or any such affiliate, or (iii) in any other capacity so long as the shareholder owns not more than five percent of the voting shares of all classes and series of the corporation in the aggregate;

(2) consummation of a plan of share exchange in which his shares are included unless: (A) both his existing shares and the shares, obligations or other securities to be acquired are marketable securities; and (B) no director, officer or controlling shareholder has a direct or indirect material financial interest in the share exchange other than in his capacity as (i) a shareholder of the corporation whose shares are to be exchanged, (ii) a director, officer, employee or consultant of either the corporation whose shares are to be exchanged or the acquiring corporation or of any affiliate of the acquiring corporation if his financial interest is pursuant to bona fide arrangements with either corporation or any such affiliate, or (iii) in any other capacity so long as the shareholder owns not more than five percent of the voting shares of all classes and series of the corporation whose shares are to be exchanged in the aggregate; (3) consummation of a sale or exchange of all, or substantially all, of the property of the corporation if the sale or exchange is subject to section 12.02, or a sale or exchange of all, or substantially all, of the property of a corporation in dissolution, unless:

(i) his shares are then redeemable by the corporation at a price not greater than the cash to be received in exchange for his shares; or

(ii) the sale or exchange is pursuant to court order; or

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(iii) in the case of a sale or exchange of all or substantially all the property of the corporation subject to section 12.02, approval of shareholders for the sale or exchange is conditioned upon the dissolution of the corporation and the distribution in cash or, if his shares are marketable securities, in marketable securities and/or cash, of substantially all of its net assets, in excess of a reasonable amount reserved to meet unknown claims under section 14.07, to the shareholders in accordance with their respective interests within one year after the sale or exchange and no director, officer or controlling shareholder has a direct or indirect material financial interest in the sale or exchange other than in his capacity as (i) a shareholder of the corporation, (ii) a director, officer, employee or consultant of either the corporation or the acquiring corporation or of any affiliate of the acquiring corporation if his financial interest is pursuant to bona fide arrangements with either corporation or any such affiliate, or (iii) in any other capacity so long as the shareholder owns not more than five percent of the voting shares of all classes and series of the corporation in the aggregate;

(4) an amendment of the articles of organization that materially and adversely affects rights in respect of a shareholder's shares because it:

(i) creates, alters or abolishes the stated rights or preferences of the shares with respect to distributions or to dissolution, including making non-cumulative in whole or in part a dividend theretofore stated as cumulative;

(ii) creates, alters or abolishes a stated right in respect of conversion or redemption, including any provision relating to any sinking fund or purchase, of the shares;

(iii) alters or abolishes a preemptive right of the holder of the shares to acquire shares or other securities;

(iv) excludes or limits the right of the holder of the shares to vote on any matter, or to cumulate votes, except as such right may be limited by voting rights given to new shares then being authorized of an existing or new class; or

(v) reduces the number of shares owned by the shareholder to a fraction of a share if the fractional share so created is to be acquired for cash under section 6.04;

(5) an amendment of the articles of organization or of the bylaws or the entering into by the corporation of any agreement to which the shareholder is not a party that adds restrictions on the transfer or registration or any outstanding shares held by the shareholder or amends any pre-existing restrictions on the transfer or registration of his shares in a manner which is materially adverse to the ability of the shareholder to transfer his shares;

(6) any corporate action taken pursuant to a shareholder vote to the extent the articles of organization, bylaws or a resolution of the board of directors provides that voting or nonvoting shareholders are entitled to appraisal;

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(7) consummation of a conversion of the corporation to nonprofit status pursuant to subdivision B of PART 9; or

(8) consummation of a conversion of the corporation into a form of other entity pursuant to subdivision D of PART 9.

(b) Except as otherwise provided in subsection (a) of section 13.03, in the event of corporate action specified in clauses (1), (2), (3), (7) or (8) of subsection (a), a shareholder may assert appraisal rights only if he seeks them with respect to all of his shares of whatever class or series.

(c) Except as otherwise provided in subsection (a) of section 13.03, in the event of an amendment to the articles of organization specified in clause (4) of subsection (a) or in the event of an amendment of the articles of organization or the bylaws or an agreement to which the shareholder is not a party specified in clause (5) of subsection (a), a shareholder may assert appraisal rights with respect to those shares adversely affected by the amendment or agreement only if he seeks them as to all of such shares and, in the case of an amendment to the articles of organization or the bylaws, has not voted any of his shares of any class or series in favor of the proposed amendment.

(d) The shareholder's right to obtain payment of the fair value of his shares shall terminate upon the occurrence of any of the following events:

(i) the proposed action is abandoned or rescinded; or

(ii) a court having jurisdiction permanently enjoins or sets aside the action; or

(iii) the shareholder's demand for payment is withdrawn with the written consent of the corporation.

(e) A shareholder entitled to appraisal rights under this chapter may not challenge the action creating his entitlement unless the action is unlawful or fraudulent with respect to the shareholder or the corporation.

Section 13.03. ASSERTION OF RIGHTS BY NOMINEES AND BENEFICIAL OWNERS

(a) A record shareholder may assert appraisal rights as to fewer than all the shares registered in the record shareholder's name but owned by a beneficial shareholder only if the record shareholder objects with respect to all shares of the class or series owned by the beneficial shareholder and notifies the corporation in writing of the name and address of each beneficial shareholder on whose behalf appraisal rights are being asserted. The rights of a record shareholder who asserts appraisal rights for only part of the shares held of record in the record shareholder's name under this subsection shall be determined as if the shares as to which the record shareholder objects and the record shareholder's other shares were registered in the names of different record shareholders.

(b) A beneficial shareholder may assert appraisal rights as to shares of any class or series held on behalf of the shareholder only if such shareholder:

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(1) submits to the corporation the record shareholder's written consent to the assertion of such rights no later than the date referred to in subclause (ii) of clause (2) of subsection (b) of section 13.22; and

(2) does so with respect to all shares of the class or series that are beneficially owned by the beneficial shareholder.

Section 13.20. NOTICE OF APPRAISAL RIGHTS

(a) If proposed corporate action described in subsection (a) of section 13.02 is to be submitted to a vote at a shareholders' meeting or through the solicitation of written consents, the meeting notice or solicitation of consents shall state that the corporation has concluded that shareholders are, are not or may be entitled to assert appraisal rights under this Part and refer to the necessity of the shareholder delivering, before the vote is taken, written notice of his intent to demand payment and to the requirement that he not vote his shares in favor of the proposed action. If the corporation concludes that appraisal rights are or may be available, a copy of this Part shall accompany the meeting notice sent to those record shareholders entitled to exercise appraisal rights.

(b) In a merger pursuant to section 11.05, the parent corporation shall notify in writing all record shareholders of the subsidiary who are entitled to assert appraisal rights that the corporate action became effective. Such notice shall be sent within 10 days after the corporate action became effective and include the materials described in section 13.22.

Section 13.21. NOTICE OF INTENT TO DEMAND PAYMENT

(a) If proposed corporate action requiring appraisal rights under section 13.02 is submitted to vote at a shareholders' meeting, a shareholder who wishes to assert appraisal rights with respect to any class or series of shares:

(1) shall deliver to the corporation before the vote is taken written notice of the shareholder's intent to demand payment if the proposed action is effectuated; and

(2) shall not vote, or cause or permit to be voted, any shares of such class or series in favor of the proposed action.

(b) A shareholder who does not satisfy the requirements of subsection (a) is not entitled to payment under this chapter.

Section 13.22. APPRAISAL NOTICE AND FORM

(a) If proposed corporate action requiring appraisal rights under subsection (a) of section 13.02 becomes effective, the corporation shall deliver a written appraisal notice and form required by clause (1) of subsection (b) to all shareholders who satisfied the requirements of section 13.21 or, if the action was taken by written consent, did not consent. In the case of a merger under section 11.05, the parent shall deliver a written appraisal notice and form to all record shareholders who may be entitled to assert appraisal rights.

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(b) The appraisal notice shall be sent no earlier than the date the corporate action became effective and no later than 10 days after such date and must:

(1) supply a form that specifies the date of the first announcement to shareholders of the principal terms of the proposed corporate action and requires the shareholder asserting appraisal rights to certify (A) whether or not beneficial ownership of those shares for which appraisal rights are asserted was acquired before that date and (B) that the shareholder did not vote for the transaction;

(2) state:

(i) where the form shall be sent and where certificates for certificated shares shall be deposited and the date by which those certificates shall be deposited, which date may not be earlier than the date for receiving the required form under subclause (ii);

(ii) a date by which the corporation shall receive the form which date may not be fewer than 40 nor more than 60 days after the date the subsection (a) appraisal notice and form are sent, and state that the shareholder shall have waived the right to demand appraisal with respect to the shares unless the form is received by the corporation by such specified date;

(iii) the corporation's estimate of the fair value of the shares;

(iv) that, if requested in writing, the corporation will provide, to the shareholder so requesting, within 10 days after the date specified in clause (ii) the number of shareholders who return the forms by the specified date and the total number of shares owned by them; and

(v) the date by which the notice to withdraw under section 13.23 shall be received, which date shall be within 20 days after the date specified in subclause (ii) of this subsection; and

(3) be accompanied by a copy of this chapter.

Section 13.23. PERFECTION OF RIGHTS; RIGHT TO WITHDRAW

(a) A shareholder who receives notice pursuant to section 13.22 and who wishes to exercise appraisal rights shall certify on the form sent by the corporation whether the beneficial owner of the shares acquired beneficial ownership of the shares before the date required to be set forth in the notice pursuant to clause (1) of subsection (b) of section 13.22. If a shareholder fails to make this certification, the corporation may elect to treat the shareholder's shares as after-acquired shares under section 13.25. In addition, a shareholder who wishes to exercise appraisal rights shall execute and return the form and, in the case of certificated shares, deposit the shareholder's certificates in accordance with the terms of the notice by the date referred to in the notice pursuant to subclause (ii) of clause (2) of subsection (b) of section 13.22. Once a shareholder deposits that shareholder's certificates or, in the case of uncertificated shares, returns the executed forms, that shareholder loses all rights as a shareholder, unless the shareholder withdraws pursuant to said subsection (b).

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(b) A shareholder who has complied with subsection (a) may nevertheless decline to exercise appraisal rights and withdraw from the appraisal process by so notifying the corporation in writing by the date set forth in the appraisal notice pursuant to subclause (v) of clause (2) of subsection (b) of section 13.22. A shareholder who fails to so withdraw from the appraisal process may not thereafter withdraw without the corporation's written consent.

(c) A shareholder who does not execute and return the form and, in the case of certificated shares, deposit that shareholder's share certificates where required, each by the date set forth in the notice described in subsection (b) of section 13.22, shall not be entitled to payment under this chapter.

Section 13.24. PAYMENT

(a) Except as provided in section 13.25, within 30 days after the form required by subclause (ii) of clause (2) of subsection (b) of section 13.22 is due, the corporation shall pay in cash to those shareholders who complied with subsection (a) of section 13.23 the amount the corporation estimates to be the fair value of their shares, plus interest.

(b) The payment to each shareholder pursuant to subsection (a) shall be accompanied by:

(1) financial statements of the corporation that issued the shares to be appraised, consisting of a balance sheet as of the end of a fiscal year ending not more than 16 months before the date of payment, an income statement for that year, a statement of changes in shareholders' equity for that year, and the latest available interim financial statements, if any;

(2) a statement of the corporation's estimate of the fair value of the shares, which estimate shall equal or exceed the corporation's estimate given pursuant to subclause (iii) of clause (2) of subsection (b) of section 13.22; and

(3) a statement that shareholders described in subsection (a) have the right to demand further payment under section 13.26 and that if any such shareholder does not do so within the time period specified therein, such shareholder shall be deemed to have accepted the payment in full satisfaction of the corporation's obligations under this chapter.

Section 13.25. AFTER-ACQUIRED SHARES

(a) A corporation may elect to withhold payment required by section 13.24 from any shareholder who did not certify that beneficial ownership of all of the shareholder's shares for which appraisal rights are asserted was acquired before the date set forth in the appraisal notice sent pursuant to clause (1) of subsection (b) of section 13.22.

(b) If the corporation elected to withhold payment under subsection (a), it must, within 30 days after the form required by subclause (ii) of clause (2) of subsection (b) of section 13.22 is due, notify all shareholders who are described in subsection (a):

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(1) of the information required by clause (1) of subsection (b) of section 13.24;

(2) of the corporation's estimate of fair value pursuant to clause (2) of subsection (b) of said section 13.24;

(3) that they may accept the corporation's estimate of fair value, plus interest, in full satisfaction of their demands or demand appraisal under section 13.26;

(4) that those shareholders who wish to accept the offer shall so notify the corporation of their acceptance of the corporation's offer within 30 days after receiving the offer; and

(5) that those shareholders who do not satisfy the requirements for demanding appraisal under section 13.26 shall be deemed to have accepted the corporation's offer.

(c) Within 10 days after receiving the shareholder's acceptance pursuant to subsection(b), the corporation shall pay in cash the amount it offered under clause (2) of subsection (b) to each shareholder who agreed to accept the corporation's offer in full satisfaction of the shareholder's demand.

(d) Within 40 days after sending the notice described in subsection (b), the corporation must pay in cash the amount if offered to pay under clause (2) of subsection (b) to each shareholder deserved in clause (5) of subsection (b).

Section 13.26. PROCEDURE IF SHAREHOLDER DISSATISFIED WITH PAYMENT OR OFFER

(a) A shareholder paid pursuant to section 13.24 who is dissatisfied with the amount of the payment shall notify the corporation in writing of that shareholder's estimate of the fair value of the shares and demand payment of that estimate plus interest, less any payment under section 13.24. A shareholder offered payment under section 13.25 who is dissatisfied with that offer shall reject the offer and demand payment of the shareholder's stated estimate of the fair value of the shares plus interest.

(b) A shareholder who fails to notify the corporation in writing of that shareholder's demand to be paid the shareholder's stated estimate of the fair value plus interest under subsection (a) within 30 days after receiving the corporation's payment or offer of payment under section 13.24 or section 13.25, respectively, waives the right to demand payment under this section and shall be entitled only to the payment made or offered pursuant to those respective sections.

Section 13.30. COURT ACTION

(a) If a shareholder makes demand for payment under section 13.26 which remains unsettled, the corporation shall commence an equitable proceeding within 60 days after receiving the payment demand and petition the court to determine the fair value of the shares and accrued interest. If the corporation does not commence the proceeding within the 60-day period, it shall pay in cash to each shareholder the amount the shareholder demanded pursuant to section 13.26 plus interest.

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(b) The corporation shall commence the proceeding in the appropriate court of the county where the corporation's principal office, or, if none, its registered office, in the commonwealth is located. If the corporation is a foreign corporation without a registered office in the commonwealth, it shall commence the proceeding in the county in the commonwealth where the principal office or registered office of the domestic corporation merged with the foreign corporation was located at the time of the transaction.

(c) The corporation shall make all shareholders, whether or not residents of the commonwealth, whose demands remain unsettled parties to the proceeding as an action against their shares, and all parties shall be served with a copy of the petition. Nonresidents may be served by registered or certified mail or by publication as provided by law or otherwise as ordered by the court.

(d) The jurisdiction of the court in which the proceeding is commenced under subsection (b) is plenary and exclusive. The court may appoint 1 or more persons as appraisers to receive evidence and recommend a decision on the question of fair value. The appraisers shall have the powers described in the order appointing them, or in any amendment to it. The shareholders demanding appraisal rights are entitled to the same discovery rights as parties in other civil proceedings.

(e) Each shareholder made a party to the proceeding is entitled to judgment (i) for the amount, if any, by which the court finds the fair value of the shareholder' s shares, plus interest, exceeds the amount paid by the corporation to the shareholder for such shares or (ii) for the fair value, plus interest, of the shareholder's shares for which the corporation elected to withhold payment under section 13.25.

Section 13.31. COURT COSTS AND COUNSEL FEES

(a) The court in an appraisal proceeding commenced under section 13.30 shall determine all costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court. The court shall assess the costs against the corporation, except that the court may assess cost against all or some of the shareholders demanding appraisal, in amounts the court finds equitable, to the extent the court finds such shareholders acted arbitrarily, vexatiously, or not in good faith with respect to the rights provided by this chapter.

(b) The court in an appraisal proceeding may also assess the fees and expenses of counsel and experts for the respective parties, in amounts the court finds equitable:

(1) against the corporation and in favor of any or all shareholders demanding appraisal if the court finds the corporation did not substantially comply with the requirements of sections 13.20, 13.22, 13.24 or 13.25; or

(2) against either the corporation or a shareholder demanding appraisal, in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously, or not in good faith with respect to the rights provided by this chapter.

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(c) If the court in an appraisal proceeding finds that the services of counsel for any shareholder were of substantial benefit to other shareholders similarly situated, and that the fees for those services should not be assessed against the corporation, the court may award to such counsel reasonable fees to be paid out of the amounts awarded the shareholders who were benefited.

(d) To the extent the corporation fails to make a required payment pursuant to sections 13.24, 13.25, or 13.26, the shareholder may sue directly for the amount owed and, to the extent successful, shall be entitled to recover from the corporation all costs and expenses of the suit, including counsel fees.

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[PRELIMINARY COPY-SUBJECT TO COMPLETION]

MEDICAL INFORMATION TECHNOLOGY, INC.
2018 PROXY PAGE

Shareholders may visit our webpage at www.meditech.com/shareholder/reports.html to access the Proxy Statement, the Proxy Page, the 2017 Annual Report on Form 10-K and other SEC filings. FOR SPECIAL SHAREHOLDER MEETING

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

The undersigned Shareholder of Medical Information Technology, Inc. ("MEDITECH") hereby appoints A. Neil Pappalardo and Barbara A. Manzolillo, and either of them acting singly, each with full power of substitution, as proxies to cast all votes which the undersigned Shareholder is entitled to cast at the 2018 Annual Meeting of Shareholders of MEDITECH to be held at its corporate office, 1 Constitution Way, Foxborough, Massachusetts 02035, on Monday, April 23, 2018 at 8:30am, and any adjournments or postponements thereof (the "Annual Meeting").

If you sign and return the Proxy Page, the individuals named as proxies will vote your shares following your directions. If you do not indicate any specific choices, the proxies will vote your shares for the election of each of the nominees for Director and for the ratification of the selection of Wolf & Company as MEDITECH's Independent Registered Public Accounting Firm for 2018. If any other matters are presented for action at the Annual Meeting, the proxies will vote your shares in their discretion. At the time this Proxy Statement was prepared, the Board of Directors knew of no matters to be voted on at the Annual Meeting other than those discussed in this Proxy Statement.

The undersigned Shareholder may revoke this proxy at any time prior to its exercise by filing a written notice of revocation with, or by delivering a duly executed proxy bearing a later date to, the Secretary of MEDITECH or by attending the Annual Meeting and voting in person by ballot.

The undersigned Shareholder hereby acknowledges receipt of the Formal Notice of Annual Meeting and Proxy Statement. The undersigned Shareholder hereby revokes any proxy or proxies heretofore given.

Please complete, date, sign and return promptly in the enclosed envelope. Please sign exactly as your name appears on the back of this Proxy Page. Joint owners should each sign individually. Trustees and other fiduciaries should indicate the capacity in which they sign. If a corporation, this signature should be that of an authorized Officer who should state his or her title.

WILL YOU BE ATTENDING THE 2018 ANNUAL MEETING? _____

INDICATE YOUR EMAIL ADDRESS AS WELL AS A CHANGE OF MAILING ADDRESS:

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

INDICATE ANY COMMENTS YOU MAY HAVE:

_________________________________________________________________

_________________________________________________________________

_________________________________________________________________

Page 12 of 13

MEDICAL INFORMATION TECHNOLOGY, INC.
2018 PROXY PAGE

THE BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE FOR ALL SIX NOMINEES LISTED UNDER PROPOSAL 1 AND VOTE FOR PROPOSAL 2.IN FAVOR OF THE PROPOSAL. SHARES WILL BE SO VOTED UNLESS OTHERWISE INDICATED. IF NO SELECTION IS MADE, THE PROXIES WILL VOTE ABSTAIN AS YOUR VOTE.

[X] PLEASE MARK VOTES AS IN THIS EXAMPLE.

1. To electamend MEDITECH's Articles of Organization to effect a reverse split of the following nominees as the six Directorsauthorized and outstanding common stock, par value $1.00 per share, of MEDITECH to serve until the 2019 Annual Meetingin a ratio of Shareholders and thereafter until their successors are chosen and qualified:

[ ] A. Neil Pappalardo
[ ] Lawrence A. Polimeno
[ ] Howard Messing
[ ] Edward B. Roberts
[ ] Barbara A. Manzolillo
[ ] Stuart N. Lefthes

[ ] NONE OF THE ABOVE

2. To ratify the selection of Wolf & Company as MEDITECH's Independent Registered Public Accounting Firm1 for the fiscal year ending December 31, 2018:5,000.

[ ] FOR
[ ] AGAINST
[ ] ABSTAIN

Please be sure to sign and date this Proxy Page. The undersigned Shareholder authorizes theshareholder hereby revokes all prior proxies and appoints [*] proxies to represent and vote on the above matters as indicated and to vote, in their discretion, upon such other matters as may properly come beforeat the AnnualSpecial Meeting or any adjournments or postponements thereof.


NAME OF SHAREHOLDER: ___________________________________________________________________________________________


NUMBER OF SHARES AS OF MARCH 23, 2018: ___________________________[*]: ____________________________


SIGNATURE: ________________________________ ___________________________________

DATE: ________________

You can vote your proxy by noontime [*] by:

Accessing the shareholder portal: https://shareholder.meditech.com

OR

Mailing to:
Shannon M. Connell, Secretary,
Medical Information Technology, Inc.
MEDITECH Circle, Westwood MA 02090

OR

Emailing to:
sconnell@meditech.com

During the Special Meeting, you can vote by accessing the shareholder portal: https://shareholder.meditech.com.

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