UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q

QUARTERLY REPORTPURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934FOR THE QUARTER ENDED SEPTEMBER 30, 2007

0-28092(Commission file number)

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

Massachusetts(State of Incorporation)

04-2455639(IRS Employer Identification Number)

MEDITECH Circle, Westwood, MA(Address of Principal Executive Offices)

02090(Zip Code)

781-821-3000(Registrant's Telephone Number)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [X]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [ ] No [X]

There were 35,401,271 shares of Common Stock, $1.00 par value, outstanding at September 30, 2007.

Page 1 of 12

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|Index to Form 10-Q                                                        | Page
|------------------------------------------------------------------------- | ----
|                                                                          |     
|Part I - Financial Information                                            |     
|Item 1 - Consolidated Financial Statements (Unaudited)                    |     
|Consolidated Balance Sheet as of December 31, 2006 and September 30, 2007 | 3   
|Consolidated Statement of Income for the Three and Nine Months Ended on   |     
|September 30, 2006 and 2007                                               | 4   
|Consolidated Statement of Cash Flow for the Nine Months Ended on          |     
|September 30, 2006 and 2007                                               | 5   
|Notes To Consolidated Financial Statements                                | 6   
|Item 2 - Management's Discussion and Analysis of Financial Condition and  |     
|Results of Operations                                                     | 8   
|Item 3 - Quantitative and Qualitative Disclosures About Market Risk       | 10  
|Item 4 - Controls and Procedures                                          | 10  
|Part II - Other Information                                               |     
|Item 1 - Legal Proceedings                                                | 10  
|Item 1A - Risk Factors                                                    | 10  
|Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds      | 11  
|Item 3 - Defaults Upon Senior Securities                                  | 11  
|Item 4 - Submission of Matters to a Vote of Shareholders                  | 11  
|Item 5 - Other Information                                                | 11  
|Item 6 - Exhibits                                                         | 12  
|Signatures                                                                | 12  

Page 2 of 12

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Part I - Financial Information

Item 1 - Consolidated Financial Statements (Unaudited)

Consolidated Balance Sheet as of December 31, 2006 and September 30, 2007



|                                         | Dec 31, 2006 | Sep 30, 2007
|---------------------------------------- | ------------ | ------------
|                                         |              |             
|Cash and equivalents                     | $13,660,733  | $11,336,415 
|Marketable securities                    | 247,407,527  | 234,441,078 
|Accounts receivable, less reserve        | 43,309,325   | 45,648,983  
|                                         |              |             
|Current assets                           | 304,377,585  | 291,426,476 
|                                         |              |             
|Computer equipment                       | 7,729,814    | 8,874,059   
|Furniture and fixtures                   | 34,739,785   | 38,239,703  
|Buildings                                | 146,934,058  | 169,456,879 
|Land                                     | 32,604,107   | 33,159,107  
|Accumulated depreciation                 | (80,443,541) | (85,511,586)
|                                         |              |             
|Fixed assets                             | 141,564,223  | 164,218,162 
|                                         |              |             
|Marketable securities                    | 30,000,000   | 30,000,000  
|Other assets                             | 10,712,604   | 13,707,191  
|                                         |              |             
|Total assets                             | $486,654,412 | $499,351,829
|                                         |              |             
|Accounts payable                         | $239,804     | $4,106,160  
|Taxes payable                            | 2,226,632    | 1,359,098   
|Accrued expenses                         | 30,461,088   | 33,136,972  
|Customer deposits                        | 23,770,417   | 26,392,588  
|Deferred taxes and tax reserves          | 16,646,168   | 13,495,028  
|                                         |              |             
|Total liabilities                        | 73,344,109   | 78,489,846  
|                                         |              |             
|Common stock $1.00 par value,            |              |             
|authorized 40,000,000 shares,            |              |             
|issued and outstanding 35,168,133        |              |             
|in 2006 and 35,401,271 in 2007           | 35,168,133   | 35,401,271  
|Additional paid-in capital               | 44,062,385   | 51,989,077  
|Retained income                          | 317,983,893  | 321,948,034 
|Unrealized security gains, net of tax    | 16,095,892   | 11,523,601  
|                                         |              |             
|Shareholder equity                       | 413,310,303  | 420,861,983 
|                                         |              |             
|Total liabilities and shareholder equity | $486,654,412 | $499,351,829
|                                         |              |             

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Consolidated Statement of Income for the Three and Nine Months Ended on September 30, 2006 and 2007



|                        | 3 months     | ended on     | 9 months     | ended on    
|----------------------- | ------------ | ------------ | ------------ | ------------
|                        | Sep 30, 2006 | Sep 30, 2007 | Sep 30, 2006 | Sep 30, 2007
|                        |              |              |              |             
|Product revenue         | $47,451,694  | $46,526,763  | $137,676,404 | $146,547,700
|Service revenue         | 39,967,464   | 46,186,055   | 117,443,067  | 132,982,094 
|                        |              |              |              |             
|Total revenue           | 87,419,158   | 92,712,818   | 255,119,471  | 279,529,794 
|                        |              |              |              |             
|Operations, development | 37,096,622   | 43,303,274   | 107,459,387  | 124,585,924 
|Selling, G & A          | 19,061,197   | 20,200,734   | 55,729,254   | 60,568,145  
|                        |              |              |              |             
|Operating expense       | 56,157,819   | 63,504,008   | 163,188,641  | 185,149,069 
|                        |              |              |              |             
|Operating income        | 31,261,339   | 29,208,810   | 91,930,830   | 94,380,725  
|                        |              |              |              |             
|Other income            | 5,659,052    | 6,066,417    | 16,883,768   | 18,766,289  
|Other expense           | 2,141,868    | 1,894,851    | 6,334,720    | 5,673,766   
|                        |              |              |              |             
|Pretax income           | 34,778,523   | 33,380,376   | 102,479,878  | 107,473,248 
|                        |              |              |              |             
|State income tax        | 2,818,000    | 2,812,763    | 8,640,000    | 9,006,925   
|Federal income tax      | 10,446,000   | 9,604,289    | 31,596,000   | 30,919,777  
|                        |              |              |              |             
|Income tax              | 13,264,000   | 12,417,052   | 40,236,000   | 39,926,701  
|                        |              |              |              |             
|Net income              | $21,514,523  | $20,963,324  | $62,243,878  | $67,546,547 
|                        |              |              |              |             

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Consolidated Statement of Cash Flow for the Nine Months Ended on September 30, 2006 and 2007



|                                                       | 9 months     | ended on    
|------------------------------------------------------ | ------------ | ------------
|                                                       | Sep 30, 2006 | Sep 30, 2007
|                                                       |              |             
|Net income                                             | $62,243,878  | $67,546,547 
|Depreciation expense                                   | 6,117,188    | 6,616,499   
|Gain on sales of marketable securities                 | (8,230)      | (1,828,334) 
|Deferred taxes on unrealized securities (gains) losses | (1,666,174)  | 3,048,192   
|Change in accounts receivable                          | (2,040,157)  | (1,166,875) 
|Change in accounts payable                             | 3,550,505    | 3,736,676   
|Change in taxes payable                                | (1,662,502)  | (868,254)   
|Change in accrued expenses                             | 1,138,386    | 1,823,342   
|Change in customer deposits                            | 1,801,841    | (1,229,012) 
|Change in deferred taxes and tax reserves              | 1,366,174    | (3,465,362) 
|                                                       |              |             
|Net cash from operations                               | 70,840,909   | 74,213,419  
|                                                       |              |             
|Purchases of marketable securities                     | (56,831,402) | (69,133,413)
|Sales of marketable securities                         | 48,000,000   | 76,307,712  
|Purchases of fixed assets                              | (13,808,165) | (24,663,215)
|Increase in mortgage notes receivable                  | (1,920,000)  | (1,120,000) 
|Acquisition of PtCT, net of cash acquired              | 0            | (2,506,246) 
|                                                       |              |             
|Net cash used in investing                             | (24,559,567) | (21,115,162)
|                                                       |              |             
|Sales of common stock                                  | 8,246,272    | 8,159,830   
|Dividends paid                                         | (56,703,620) | (63,582,405)
|                                                       |              |             
|Net cash used in financing                             | (48,457,348) | (55,422,575)
|                                                       |              |             
|Net change in cash and equivalents                     | (2,176,006)  | (2,324,318) 
|Cash and equivalents at beginning                      | 16,749,452   | 13,660,733  
|                                                       |              |             
|Cash and equivalents at end                            | $14,573,446  | $11,336,415 
|                                                       |              |             

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Notes To Consolidated Financial Statements

1. The unaudited financial statements presented herein have been prepared in accordance with the instructions to Form 10-Q and do not include all of the information and note disclosures required by generally accepted accounting principles. These statements should be read in conjunction with the financial statements and notes thereto for the year ended December 31, 2006 included in the Company's Form 10-K filed on January 31, 2007. The unaudited financial statements presented herein have not been audited by our Independent Registered Public Accounting Firm in accordance with the standards of the Public Company Accounting Oversight Board (United States), but in the opinion of management such financial statements include all normal recurring adjustments necessary to present fairly the Company's financial position, results of operations and cash flow.

2. The Company follows the provisions of Statement of Financial Accounting Standards No. 128 (SFAS 128), Earnings per Share. SFAS 128 requires reporting both basic and diluted earnings per share. The Company has no common share equivalents such as preferred stock, warrants or stock options which would dilute earnings per share. Thus, earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the applicable period.



|                         | 3 months     | ended on     | 9 months     | ended on    
|------------------------ | ------------ | ------------ | ------------ | ------------
|                         | Sep 30, 2006 | Sep 30, 2007 | Sep 30, 2006 | Sep 30, 2007
|                         |              |              |              |             
|Net income               | $21,514,523  | $20,963,324  | $62,243,878  | $67,546,547 
|Average number of shares | 35,055,056   | 35,375,367   | 35,055,056   | 35,375,367  
|Earnings per share       | $0.61        | $0.59        | $1.78        | $1.91       

The average number of shares outstanding during the periods reflects the issuance of 257,696 shares in February/March 2006 and 233,138 shares in February 2007 pursuant to the 2004 Stock Purchase Plan.

3. The Company follows the provisions of Statement of Financial Accounting Standards No. 130 (SFAS 130), Reporting Comprehensive Income. SFAS 130 establishes standards for reporting and display of comprehensive income and its components in financial statements. Comprehensive income is the total of net income and all other non-owner changes in equity including items such as net unrealized gains/losses/reclassifications on marketable securities classified as available for sale, foreign currency translation adjustments and minimum pension liability adjustments.



|                                       | 3 months     | ended on     | 9 months     | ended on    
|-------------------------------------- | ------------ | ------------ | ------------ | ------------
|                                       | Sep 30, 2006 | Sep 30, 2007 | Sep 30, 2006 | Sep 30, 2007
|                                       |              |              |              |             
|Net income                             | $21,514,523  | $20,963,324  | $62,243,878  | $67,546,547 
|Net unrealized security gains (losses) | 6,332,629    | (2,721,380)  | 2,499,261    | (4,572,291) 
|                                       |              |              |              |             
|Comprehensive income                   | $27,847,152  | $18,241,944  | $64,743,139  | $62,974,256 

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4. The Company follows the provisions of Statement of Financial Accounting Standards No. 115 (SFAS 115), Accounting for Certain Investments in Debt and Equity Securities. SFAS 115 requires companies to classify their investments as trading, available-for-sale or held-to-maturity. The Company's marketable securities consist of common and preferred equities which have been classified as available-for-sale. These are recorded in the financial statements at fair market value and any unrealized gains (losses) are reported as a component of shareholder equity. In addition the Company holds short and long term U.S. government agency issues which have been classified as held-to-maturity. These are recorded in the financial statements at their cost which approximates their fair value. The fair market value of marketable securities was determined based on quoted market prices.

SFAS 115 requires that for each individual security classified as available-for-sale, a company shall determine whether a decline in fair value below the cost basis is other than temporary. If the decline in fair value is judged as such, the cost basis of the individual security shall be written down to fair value as a new cost basis and the amount of the write-down shall be reflected in earnings. At September 30, 2007 the Company's marketable securities had a fair market value of $264,441,078 which included a gross unrealized gain of $24,889,512 and a gross unrealized loss of $5,683,508. The gross unrealized loss was composed of 12 equities with an original cost of $103,810,337 and a fair market value of $98,126,829. None of these 12 equities had been in loss status for more than 10% of cost for longer than 2 consecutive days. The Company considered the effect of fluctuating interest rates and the issuers' current financial position in order to reach its conclusion that these impairments are temporary at September 30, 2007.

5. The Company follows the provisions of Statement of Financial Accounting Standards No. 131 (SFAS 131), Disclosure About Segments of an Enterprise and Related Information. Based on the criteria set forth in SFAS 131 the Company currently operates in one operating segment, medical software and services. The Company derives substantially all of its operating revenue from the sale and support of one group of similar products and services. All of the Company's assets are located within the United States. The following table indicates the source of revenue.



|              | 3 months     | ended on     | 9 months     | ended on    
|------------- | ------------ | ------------ | ------------ | ------------
|              | Sep 30, 2006 | Sep 30, 2007 | Sep 30, 2006 | Sep 30, 2007
|              |              |              |              |             
|United States | 87%          | 87%          | 85%          | 86%         
|Canada        | 10%          | 12%          | 13%          | 12%         
|All others    | 3%           | 1%           | 2%           | 2%          

6. The Company accounts for its equity investments in LSS Data Systems Inc. and MEDITECH South Africa in accordance with the cost method. Both companies license the Company's software technology and re-license it to their respective customers. Each serves a market niche which is part of the overall medical market but is outside of the hospital market which the Company serves. Included in these investments is the $2,440,000 balance on a mortgage note from LSS Data Systems Inc which is fully collateralized by land and buildings owned and occupied as corporate headquarters by the borrower. The Company believes the fair value of these investments which are included in other assets approximates its carrying value of $6,517,604 at September 30, 2007.

Other assets also include both tangible and intangible net assets associated with the 2nd quarter acquisition of Patient Care Technologies Inc. Refer to Part II Item 5 for more disclosure regarding the acquisition.

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7. As of September 30, 2007 the Company had capitalized $6,000,404 in land costs, $2,495,230 in architectural and engineering fees, and $23,336,964 in construction costs for a facility under development to be used for the Company's ongoing operations.

8. Effective January 1, 2007 the Company adopted FASB Interpretation No. 48 (FIN 48), Accounting for Uncertainty in Income Taxes, which applies to all tax positions related to income taxes subject to SFAS 109, Accounting for Income Taxes. FIN 48 requires a new evaluation process for all tax positions taken. If the probability for sustaining a tax position is greater than 50%, then the tax position is warranted and recognition should be at the highest amount which would be expected to be realized upon ultimate settlement.

The December 31, 2006 tax reserves of $13,379,901 have been reevaluated accordingly, and the adoption of FIN 48 had no material impact. No changes have been made to the Company's policy on classification of related interest and penalties in our financial statements. Such interest and penalties are included in our income tax expense, and $7,412,140 of tax reserves are related to interest and penalties. The years 2004 through 2006 are subject to examination by the IRS, and various years are subject to examination by state tax authorities. The tax positions provide for research credit, domestic production activities deduction, and state nexus. With each year our tax exposure rolls forward with incremental increases expected based on continued growth and no changes are foreseen to this trend at present. Should the tax reserves be reversed in their entirety during 2007, the effective tax rate of 37% would drop to 26%.

At September 30, 2007 tax reserves are $14,153,623 and include interest and penalties of $8,006,975.

Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations



|Results of Operations    | 3 months     | ended on     | Change
|------------------------ | ------------ | ------------ | ------
|                         | Sep 30, 2006 | Sep 30, 2007 |       
|                         |              |              |       
|Total revenue            | $87,419,158  | $92,712,818  | 6.1%  
|Operating income         | 31,261,339   | 29,208,810   | (6.6%)
|Net income               | 21,514,523   | 20,963,324   | (2.6%)
|Average number of shares | 35,055,056   | 35,375,367   | 0.9%  
|Earnings per share       | $0.61        | $0.59        | (3.4%)
|Cash dividends per share | $0.54        | $0.60        | 11.1% 

Total revenue from both existing and new customers increased by $5.3 million. It was composed of a $0.9 million decrease in product revenue and a $6.2 million increase in service revenue.

Operating expense increased by $7.3 million or 13.1% due to an overall increase in staff and additional bonus expense accruals along with the acquisition of PtCT. The resultant operating income decreased by $2.1 million.

Other income increased by $0.4 million due primarily to gains on sales of marketable securities. Other expense decreased by $0.2 million due primarily to reduced rental expenses. The resultant pretax income decreased by $1.4 million or 4.0%.

The Company's effective tax rate decreased from 38.1% to 37.2% due primarily to increased domestic manufacturing deductions. Net income decreased by $0.6 million due primarily to a greater increase in expense compared to revenue which was attributable to the PtCT acquisition.

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|Results of Operations    | 9 months     | ended on     | Change
|------------------------ | ------------ | ------------ | ------
|                         | Sep 30, 2006 | Sep 30, 2007 |       
|                         |              |              |       
|Total revenue            | $255,119,471 | $279,529,794 | 9.6%  
|Operating income         | 91,930,830   | 94,380,725   | 2.7%  
|Net income               | 62,243,878   | 67,546,547   | 8.5%  
|Average number of shares | 35,055,056   | 35,375,367   | 0.9%  
|Earnings per share       | $1.78        | $1.91        | 7.5%  
|Cash dividends per share | $1.62        | $1.80        | 11.1% 

Total revenue from both existing and new customers increased by $24.4 million. It was composed of a $8.9 million increase in product revenue and a $15.5 million increase in service revenue.

Operating expense increased by $22.0 million or 13.5% due to an overall increase in staff and additional bonus expense accruals along with the acquisition of PtCT. The resultant operating income increased by $2.4 million.

Other income increased by $1.9 million due primarily to gains on sales of marketable securities. Other expense decreased by $0.7 million due primarily to reduced rental expenses. The resultant pretax income increased by $5.0 million or 4.9%.

The Company's effective tax rate decreased from 39.3% to 37.2% due primarily to increased domestic manufacturing deductions. Net income increased by $5.3 million due primarily to a greater increase in revenue compared to expense.



|Financial Condition          | Dec 31, 2006 | Sep 30, 2007
|---------------------------- | ------------ | ------------
|                             |              |             
|Cash and equivalents         | $13,660,733  | $11,336,415 
|Total assets                 | 486,654,412  | 499,351,829 
|Total liabilities            | 73,344,109   | 78,489,846  
|Shareholder equity           | 413,310,303  | 420,861,983 
|Outstanding number of shares | 35,168,133   | 35,401,271  
|Shareholder equity per share | $11.75       | $11.89      

Accounts payable increased by $3.6 million during the first 9 months primarily because no payroll tax withholding was outstanding at December 31, 2006 while $3.0 million was outstanding at September 30, 2007.

Taxes payable decreased by $0.9 million during the first 9 months due primarily to additional state tax payments in 2007.

At September 30, 2007 the Company's cash, cash equivalents and marketable securities totaled $275.8 million. Marketable securities consisted of preferred equities, common equities and government notes which can easily be converted to cash. For the first 9 months of 2007 cash flow from operations was $74.2 million, cash flow used in investing was $21.1 million and cash flow used in financing was $55.4 million. The payment of $63.6 million in dividends to shareholders was the primary use of cash generated by operating activities during the first 9 months.

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MEDITECH has no long-term debt. Shareholder equity at September 30, 2007 was $420.9 million. Management anticipates additions to fixed assets will continue, including new facilities and computer systems for product development, sales and marketing, implementation, service and administrative staff. Management believes existing cash, cash equivalents and marketable securities together with funds generated from operations will be sufficient to meet operating and capital expense requirements for the foreseeable future.

Item 3 - Quantitative and Qualitative Disclosures About Market Risk

None.

Item 4 - Controls and Procedures

An evaluation was conducted under the supervision and with the participation of the Company's management, including the Chief Executive Officer and Chief Financial Officer, on the effectiveness of the Company's disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)14(c) under the Securities Exchange Act of 1934) as of the end of the period covered by this report. Based on this evaluation, our Chief Executive Officer and Chief Financial Officer have concluded the Company's disclosure controls and procedures are, to the best of their knowledge, effective to ensure information requiring disclosure by the Company in reports which it files or submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules and forms.

There were no changes in the Company's internal control over financial reporting occurring during the fiscal quarter covered by this report which have materially affected or are reasonably likely to materially affect the Company's internal control over financial reporting.

Part II - Other Information

Item 1 - Legal Proceedings

During February 2005 a former employee filed a complaint in the United States District Court for the District of Massachusetts against the Medical Information Technology Profit Sharing Plan and all six of the Company's Directors. The complaint was subsequently amended to add the Company as a defendant. During March 2006 the court dismissed the breach of fiduciary duty claims brought against the individual defendants. The remaining claim is an ERISA benefits claim against the Plan, the Plan's trustee, and the Company. The substance of the complaint is summarized in the 2006 Annual Report on Form 10-K. During March 2007 the court denied the plaintiff's motion for the complaint to be certified as a class action. Subsequently the plaintiff requested reconsideration of the decision, which was also denied. The plaintiff then sought permission to appeal the decision to the United States Court of Appeals for the First Circuit. In July 2007 this was also denied. The plaintiff's claims are continuing and discovery is ongoing.

Item 1A - Risk Factors

No material changes from risk factors as previously disclosed in the prior Form 10-K.

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Item 2 - Unregistered Sales of Equity Securities and Use of Proceeds

The Company did not repurchase any of its shares of common stock during the third quarter of 2007. However, during the third quarter the Medical Information Technology, Inc. Profit Sharing Trust purchased 5,625 shares of the Company's common stock for a total of $202,500 in individual private transactions. Below is a table showing the purchases of common stock by the Trust during each month of the third quarter of 2007.



|3rd quarter | shares    | price per
|----------- | --------- | ---------
|of 2007     | purchased | share    
|            |           |          
|July        | 500       | $36.00   
|August      | 1,150     | $36.00   
|September   | 3,975     | $36.00   

Item 3 - Defaults Upon Senior Securities

None.

Item 4 - Submission of Matters to a Vote of Shareholders

None.

Item 5 - Other Information

Patient Care Technologies, Inc. (PtCT of Georgia) is engaged in the development, manufacture and licensing of computer software products and their support for the home health care industry. Prior to the 2nd quarter MEDITECH paid $3,315,000 for approximately 43.5% of the outstanding capital stock of PtCT of Georgia. On April 12, 2007 MEDITECH paid $2,326,443 and acquired additional shares from certain PtCT of Georgia shareholders, thereby increasing its ownership to 90.2%.

On May 31, 2007 PtCT of Georgia was merged with and into PtCT of Massachusetts, a wholly-owned subsidiary of MEDITECH and subsequently MEDITECH paid an additional $784,907 to the remaining PtCT of Georgia shareholders. MEDITECH's total cash investment in PtCT was $6,426,350. At the time of the merger PtCT had $6,433,833 in tangible assets and $8,882,848 in tangible liabilities. The difference of $2,449,015 increased MEDITECH's effective investment in PtCT to $8,875,365. MEDITECH previously recorded a writedown of this investment.

MEDITECH's financial statements for the 3rd quarter are being presented on a consolidated basis in this 10-Q. The results of operations for PtCT are included from April 12, 2007. This acquisition does not represent a material business combination, thus no pro forma financial information is being provided. During the 3rd quarter PtCT operations generated a $856,617 pre-tax loss. MEDITECH anticipates PtCT's operations will generate an additional $638 thousand in pre-tax losses through the remainder of 2007.

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Although MEDITECH has not completed its final purchase price allocation, the preliminary values of assets acquired and liabilities assumed, including the identified intangibles, such as developed technology and backlog, are based upon management's estimates of fair value as of the date of acquisition. These identified intangibles will be amortized over their useful lives. A deferred tax liability was recognized to reflect the tax effect of these identified intangibles as such amounts are not deductible for tax purposes. An acquired deferred tax asset was also recognized to reflect the carryforward of net operating losses expected to be realized.

MEDITECH accounts for this acquisition under the purchase method of accounting in accordance with FASB Statement No. 141, Business Combinations, and United States generally accepted accounting principles. The final purchase price allocations will be completed within one year of the acquisition, and any adjustments are not expected to have a material impact on MEDITECH's consolidated financial position or results of operations.

Item 6 - Exhibits

Exhibit 3.1: MEDITECH's Restated Articles of Organization, as amended to date, are incorporated by reference to an exhibit to the quarterly report on Form 10-Q for the quarter ended March 31, 2007.

Exhibit 3.2: MEDITECH's By-laws, as amended to date, are incorporated by reference to an exhibit to the annual report on Form 10-K for the year ended December 31, 2001.

Exhibit 31: Rule 13a-14(a) Certifications and Exhibit 32: Section 1350 Certifications are appended to this report.

There were no reports filed on Form 8-K during the quarter ended September 30, 2007.

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Medical Information Technology, Inc.(Registrant)

October 31, 2007(Date)

Barbara A. Manzolillo, Chief Financial Officer and Treasurer(Signature)

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