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

FORM 10-Q

QUARTERLY REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
FOR THE QUARTER ENDED JUNE 30, 2008

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] Smaller reporting company [ ]

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 35,687,426 shares of Common Stock, $1.00 par value, outstanding at June 30, 2008.

Page 1 of 11

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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, 2007 and June 30, 2008     | 3   
|Consolidated Income Statement for the Three and Six Months Ended         |     
|June 30, 2007 and 2008                                                   | 4   
|Consolidated Cash Flow Statement for the Six Months Ended                |     
|June 30, 2007 and 2008                                                   | 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                                                        | 11  
|Signatures                                                               | 11  

Page 2 of 11

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Part I - Financial Information

Item 1 - Consolidated Financial Statements (Unaudited)

Consolidated Balance Sheet as of December 31, 2007 and June 30, 2008



|                                               | Dec 31, 2007 | Jun 30, 2008
|---------------------------------------------- | ------------ | ------------
|                                               |              |             
|Cash and equivalents                           | $22,567,940  | $19,205,366 
|Marketable securities                          | 210,137,628  | 182,831,468 
|Accounts receivable, less reserve              | 37,445,841   | 43,248,732  
|                                               |              |             
|Current assets                                 | 270,151,409  | 245,285,566 
|                                               |              |             
|Computer equipment                             | 9,361,351    | 9,029,771   
|Furniture and fixtures                         | 38,752,354   | 40,724,770  
|Buildings                                      | 175,130,131  | 179,274,817 
|Land                                           | 33,159,107   | 33,159,107  
|Accumulated depreciation                       | (87,690,598) | (89,295,165)
|                                               |              |             
|Fixed assets                                   | 168,712,345  | 172,893,300 
|                                               |              |             
|Marketable securities                          | 30,000,000   | 30,000,000  
|Other assets                                   | 13,625,289   | 13,078,305  
|                                               |              |             
|Total assets                                   | $482,489,043 | $461,257,171
|                                               |              |             
|Accounts payable                               | $395,117     | $4,347,052  
|Taxes payable                                  | 5,377,659    | 2,129,068   
|Accrued expenses                               | 34,475,953   | 23,434,802  
|Customer deposits                              | 25,604,508   | 25,827,098  
|Deferred taxes and tax reserves                | 3,171,231    | (4,130,863) 
|                                               |              |             
|Total liabilities                              | 69,024,468   | 51,607,157  
|                                               |              |             
|Common stock, $1.00 par value,                 |              |             
|authorized 40,000,000 shares,                  |              |             
|issued and outstanding 35,481,271              |              |             
|in 2007 and 35,687,426 in 2008                 | 35,481,271   | 35,687,426  
|Additional paid-in capital                     | 54,869,077   | 62,290,657  
|Retained income                                | 321,703,233  | 314,664,895 
|Unrealized security gains (losses), net of tax | 1,410,994    | (2,992,964) 
|                                               |              |             
|Shareholder equity                             | 413,464,575  | 409,650,014 
|                                               |              |             
|Total liabilities and shareholder equity       | $482,489,043 | $461,257,171
|                                               |              |             

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Consolidated Income Statement for the Three and Six Months Ended June 30, 2007 and 2008



|                        | 3 months     | ended on     | 6 months     | ended on    
|----------------------- | ------------ | ------------ | ------------ | ------------
|                        | Jun 30, 2007 | Jun 30, 2008 | Jun 30, 2007 | Jun 30, 2008
|                        |              |              |              |             
|Product revenue         | $50,114,528  | $47,085,813  | $100,020,937 | $94,934,021 
|Service revenue         | 45,019,357   | 50,123,189   | 86,796,039   | 99,032,108  
|                        |              |              |              |             
|Total revenue           | 95,133,885   | 97,209,002   | 186,816,976  | 193,966,129 
|                        |              |              |              |             
|Operations, development | 42,211,927   | 45,321,931   | 81,282,650   | 90,145,758  
|Selling, G & A          | 20,916,346   | 21,301,443   | 40,362,411   | 42,139,599  
|                        |              |              |              |             
|Operating expense       | 63,128,273   | 66,623,374   | 121,645,061  | 132,285,357 
|                        |              |              |              |             
|Operating income        | 32,005,612   | 30,585,628   | 65,171,915   | 61,680,772  
|                        |              |              |              |             
|Other income (loss)     | 7,225,848    | (2,101,951)  | 12,699,872   | 3,307,216   
|Other expense           | 1,868,298    | 2,200,159    | 3,778,915    | 4,233,170   
|                        |              |              |              |             
|Pretax income           | 37,363,162   | 26,283,518   | 74,092,872   | 60,754,818  
|                        |              |              |              |             
|State income tax        | 3,112,232    | 1,979,706    | 6,194,162    | 4,611,720   
|Federal income tax      | 10,654,696   | 7,980,117    | 21,315,488   | 18,345,161  
|                        |              |              |              |             
|Income tax              | 13,766,928   | 9,959,823    | 27,509,650   | 22,956,881  
|                        |              |              |              |             
|Net income              | $23,596,234  | $16,323,695  | $46,583,222  | $37,797,937 
|                        |              |              |              |             

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Consolidated Cash Flow Statement for the Six Months Ended June 30, 2007 and 2008



|                                               | 6 months     | ended on    
|---------------------------------------------- | ------------ | ------------
|                                               | Jun 30, 2007 | Jun 30, 2008
|                                               |              |             
|Net income                                     | $46,583,222  | $37,797,937 
|Depreciation expense                           | 4,385,144    | 4,728,087   
|Amortization expense                           | 0            | 426,984     
|Writedown of marketable securities             | 0            | 15,016,345  
|Recovery of a prior writedown                  | 0            | (3,483,834) 
|Gain on sales of marketable securities         | (1,560,434)  | (7,126,111) 
|Deferred taxes on unrealized securities losses | 1,233,940    | 2,935,970   
|Change in accounts receivable                  | (479,786)    | (5,802,891) 
|Change in accounts payable                     | 3,822,144    | 3,951,935   
|Change in taxes payable                        | (1,917,359)  | (3,248,591) 
|Change in accrued expenses                     | (4,961,937)  | (11,041,152)
|Change in customer deposits                    | (2,873,958)  | 2,363,589   
|Change in deferred taxes and tax reserves      | (1,009,160)  | (9,443,093) 
|                                               |              |             
|Net cash from operations                       | 43,221,816   | 27,075,175  
|                                               |              |             
|Purchases of marketable securities             | (30,770,012) | (31,527,010)
|Sales of marketable securities                 | 43,317,712   | 47,086,845  
|Purchases of fixed assets                      | (15,198,037) | (8,909,041) 
|Change in other assets                         | (3,686,246)  | 120,000     
|                                               |              |             
|Net cash (used in) from investing              | (6,336,583)  | 6,770,794   
|                                               |              |             
|Sales of common stock                          | 8,159,830    | 7,627,735   
|Dividends paid                                 | (42,341,642) | (44,836,278)
|                                               |              |             
|Net cash used in financing                     | (34,181,812) | (37,208,543)
|                                               |              |             
|Net change in cash and equivalents             | 2,703,421    | (3,362,574) 
|Cash and equivalents at beginning              | 13,660,733   | 22,567,940  
|                                               |              |             
|Cash and equivalents at end                    | $16,364,154  | $19,205,366 
|                                               |              |             

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Notes To Consolidated Financial Statements

1. The unaudited consolidated 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, 2007 included in MEDITECH's Form 10-K filed on January 31, 2008. 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 MEDITECH's financial position, results of operations and cash flow.

2. MEDITECH 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. MEDITECH 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     | 6 months     | ended on    
|------------------------ | ------------ | ------------ | ------------ | ------------
|                         | Jun 30, 2007 | Jun 30, 2008 | Jun 30, 2007 | Jun 30, 2008
|                         |              |              |              |             
|Net income               | $23,596,234  | $16,323,695  | $46,583,222  | $37,797,937 
|Average number of shares | 35,362,415   | 35,653,067   | 35,362,415   | 35,653,067  
|Earnings per share       | $0.67        | $0.46        | $1.32        | $1.06       

The average number of shares outstanding during the periods reflects the issuance of 233,138 shares in February 2007 and 206,155 shares in February 2008 pursuant to the 2004 Stock Purchase Plan.

3. MEDITECH 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     | 6 months     | ended on    
|------------------------------ | ------------ | ------------ | ------------ | ------------
|                               | Jun 30, 2007 | Jun 30, 2008 | Jun 30, 2007 | Jun 30, 2008
|                               |              |              |              |             
|Net income                     | $23,596,234  | $16,323,695  | $46,583,222  | $37,797,937 
|Net unrealized security losses | (3,982,758)  | (1,203,614)  | (1,850,911)  | (4,403,958) 
|                               |              |              |              |             
|Comprehensive income           | $19,613,476  | $15,120,081  | $44,732,311  | $33,393,979 

4. MEDITECH 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. MEDITECH'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 value and any unrealized gains (losses) are reported as a component of deferred taxes and shareholder equity. The fair value of marketable securities was determined based on quoted prices in active markets. In addition MEDITECH 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.

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SFAS 115 requires that for each individual security classified as available-for-sale, a company shall determine whether a decline in market value below the cost basis is other than temporary. If the decline in market value is judged as such, the cost basis of the individual security shall be reduced to market value and the amount of the write-down shall be reflected in earnings. At June 30, 2008 MEDITECH determined the decline in market value of 6 equity issues we own is other than temporary and reduced their cost basis by $15,016,345 to bring it in line with market value. This write-down was partially offset by a pretax gain of $7,126,111 from the June sale of 2 equity issues.

MEDITECH's resultant marketable securities had a market value of $212,831,468 which included a gross unrealized gain of $5,393,835 and a gross unrealized loss of $10,382,106. The gross unrealized loss was composed of 13 equities with an original cost of $105,326,935 and a market value of $94,944,829. None of these equities had been in loss status for more than 5% of cost for longer than 30 consecutive days. However, the market value of these equities is based upon factors which are not within MEDITECH's control and further deterioration may occur. MEDITECH considered the effect of fluctuating interest rates, current economic and industry conditions, and the issuers' current financial position in order to reach its conclusion that these impairments are temporary at June 30, 2008. MEDITECH continues to evaluate whether the situation warrants further write-downs.

5. During the 2nd quarter 2008 MEDITECH began staff member occupancy of a new facility. MEDITECH spent $6,000,404 for the land, $2,581,312 in architectural and engineering fees, and $33,068,821 in construction costs for this facility.

6. MEDITECH follows the provisions of Financial Accounting Standards Board Interpretation No. 46 (FIN 46), Consolidation of Variable Interest Entities and, as such, accounts for the equity investments in LSS Data Systems Inc. and MEDITECH South Africa in accordance with the cost method. Both companies license MEDITECH'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 MEDITECH serves. Included in these investments is the $2,260,000 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. MEDITECH believes the fair value of these investments which are included in other assets approximates its carrying value of $6,315,702 at June 30, 2008.

Other assets also include both tangible and intangible net assets associated with the 2nd quarter 2007 acquisition of Patient Care Technologies Inc. MEDITECH accounted for this acquisition under the purchase method of accounting in accordance with FASB Statement No. 141, Business Combinations. The 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 are valued at $5,977,801 and are being amortized over their 7 year 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.

7. MEDITECH follows the provisions of Financial Accounting Standards Board 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. Based on the criteria set forth in FIN 48, MEDITECH's tax reserves amounted to potential tax assessments of $6,410,803 plus interest and penalties of $8,008,180 at December 31, 2007 and $5,916,988 plus interest and penalties of $9,001,995 at June 30, 2008. These reserves relate to the research tax credit, domestic production activities deduction, and state nexus. The years 2006 through 2007 are subject to examination by the IRS, and various years are subject to examination by state tax authorities. Should these tax reserves be reversed in their entirety, the 2008 effective tax rate of 38% would drop to 28%.

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8. MEDITECH 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, MEDITECH currently operates in one operating segment, medical software and services. MEDITECH derives substantially all of its operating revenue from the sale and support of one group of similar products and services. All of MEDITECH's assets are located within the United States. The following table indicates the source of revenue.



|              | 3 months     | ended on     | 6 months     | ended on    
|------------- | ------------ | ------------ | ------------ | ------------
|Country       | Jun 30, 2007 | Jun 30, 2008 | Jun 30, 2007 | Jun 30, 2008
|              |              |              |              |             
|United States | 87%          | 90%          | 87%          | 90%         
|Canada        | 11%          | 8%           | 11%          | 8%          
|All others    | 2%           | 2%           | 2%           | 2%          

9. Effective January 1, 2008 MEDITECH adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS 157), Fair Value Measurements. SFAS 157 provides for expanded disclosure and guidelines to determine fair value of assets and liabilities. SFAS 157 applies whenever other standards require or permit assets and liabilities to be measured at fair value, but does not expand the use of fair value in any new circumstances. MEDITECH's marketable securities represent assets measured at fair value on a recurring basis.

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



|Results of               | 3 months     | ended on     | Percent
|------------------------ | ------------ | ------------ | -------
|Operations               | Jun 30, 2007 | Jun 30, 2008 | Change 
|                         |              |              |        
|Total revenue            | $95,133,885  | $97,209,002  | 2.2%   
|Operating income         | 32,005,612   | 30,585,628   | (4.4%) 
|Net income               | 23,596,234   | 16,323,695   | (30.8%)
|Average number of shares | 35,362,415   | 35,653,067   | 0.8%   
|Earnings per share       | $0.67        | $0.46        | (31.4%)
|Cash dividends per share | $0.60        | $0.63        | 5.0%   

Total revenue from both existing and new customers increased by $2.1 million. It was composed of a $3.0 million decrease in product revenue and a $5.1 million increase in service revenue.

Operating expense increased by $3.5 million or 5.5% due primarily to higher staff related costs. The resultant operating income decreased by $1.4 million.

Other income decreased by $9.3 million due primarily to an investment impairment. Other expense increased by $0.3 million due primarily to higher litigation related costs. The resultant pretax income decreased by $11.1 million or 29.7%.

MEDITECH's effective tax rate increased from 36.8% to 37.9% due primarily to the discontinuation of the research tax credit. Net income decreased by $7.3 million due primarily to an investment impairment.

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MEDITECH acquired Patient Care Technologies, Inc. in the 2nd quarter of 2007. The following table does not include their operating results for the 1st quarter of 2007.



|Results of               | 6 months     | ended on     | Percent
|------------------------ | ------------ | ------------ | -------
|Operations               | Jun 30, 2007 | Jun 30, 2008 | Change 
|                         |              |              |        
|Total revenue            | $186,816,976 | $193,966,129 | 3.8%   
|Operating income         | 65,171,915   | 61,680,772   | (5.4%) 
|Net income               | 46,583,222   | 37,797,937   | (18.9%)
|Average number of shares | 35,362,415   | 35,653,067   | 0.8%   
|Earnings per share       | $1.32        | $1.06        | (19.5%)
|Cash dividends per share | $1.20        | $1.26        | 5.0%   

Total revenue from both existing and new customers increased by $7.1 million. It was composed of a $5.1 million decrease in product revenue and a $12.2 million increase in service revenue.

Operating expense increased by $10.6 million or 8.7% due primarily to higher staff related costs. The resultant operating income decreased by $3.5 million.

Other income decreased by $9.3 million due primarily to an investment impairment. Other expense increased by $0.5 million due primarily to higher litigation related costs. The resultant pretax income decreased by $13.3 million or 18.0%.

MEDITECH's effective tax rate increased from 37.1% to 37.8% due primarily to the discontinuation of the research tax credit. Net income decreased by $8.8 million due primarily to an investment impairment.



|Financial Condition          | Dec 31, 2007 | Jun 30, 2008
|---------------------------- | ------------ | ------------
|                             |              |             
|Cash and equivalents         | $22,567,940  | $19,205,366 
|Total assets                 | 482,489,043  | 461,257,171 
|Total liabilities            | 69,024,468   | 51,607,157  
|Shareholder equity           | 413,464,575  | 409,650,014 
|Outstanding number of shares | 35,481,271   | 35,687,426  
|Shareholder equity per share | $11.65       | $11.48      

Accounts payable increased by $4.0 million during the first 6 months primarily because no payroll tax withholding was outstanding at December 31, 2007 while $3.0 million was outstanding at June 30, 2008.

Taxes payable decreased by $3.2 million during the first 6 months due primarily to additional state tax payments in 2008.

Accrued expenses decreased by $11.0 million during the first 6 months primarily as a result of the payment of $27.3 million in bonuses applicable to 2007, offset by the accrual of $16.7 million in bonus expenses applicable to 2008.

At June 30, 2008 MEDITECH's cash, cash equivalents and marketable securities totaled $232.0 million. Marketable securities consisted of preferred equities, common equities and government notes which can easily be converted to cash. For the first 6 months of 2008 cash flow from operations was $27.1 million, cash flow from investing was $6.8 million and cash flow used in financing was $37.2 million. The payment of $44.8 million in dividends to shareholders was the primary use of cash generated by operating activities during the first 6 months.

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MEDITECH has no long-term debt. Shareholder equity at June 30, 2008 was $409.7 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

Market risk associated with equity securities is covered in note 4 to Consolidated Financial Statements.

Item 4 - Controls and Procedures

An evaluation was conducted under the supervision and with the participation of MEDITECH's management, including the Chief Executive Officer and Chief Financial Officer, on the effectiveness of MEDITECH'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 MEDITECH's disclosure controls and procedures are, to the best of their knowledge, effective to ensure information requiring disclosure by MEDITECH 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 MEDITECH'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 MEDITECH'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 MEDITECH's Directors. The complaint was subsequently amended to add MEDITECH 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 MEDITECH. The complaint seeks certification of the case as a class action, a judgment against the defendants, a permanent injunction ordering the Plan to consult an outside appraiser in valuing the Plan's assets, removal of the Plan Trustee, and damages, interest, attorneys' fees and costs. 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 in the United States Court of Appeals for the First Circuit. In July 2007 this was also denied. Discovery was closed on November 27, 2007. In March 2008 plaintiffs filed an amended motion for class certification, which defendants have opposed. In April 2008 defendants filed a motion for summary judgment, which plaintiffs have opposed. A hearing on the class certification and summary judgment motions took place on June 17, 2008. The result is pending.

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

MEDITECH did not repurchase any of its shares of common stock during the 2nd quarter of 2008. However, during the 2nd quarter the Medical Information Technology, Inc. Profit Sharing Trust purchased 4,756 shares of MEDITECH's common stock for a total of $175,972 in individual private transactions. Below is a table showing the purchases of common stock by the Trust during each month of the 2nd quarter of 2008.



|2nd quarter | shares    | price per
|----------- | --------- | ---------
|of 2008     | purchased | share    
|            |           |          
|April       | 1,636     | $37.00   
|May         | 1,455     | $37.00   
|June        | 1,665     | $37.00   

Item 3 - Defaults Upon Senior Securities

None.

Item 4 - Submission of Matters to a Vote of Shareholders

None

Item 5 - Other Information

None

Item 6 - Exhibits

Exhibit 3.1: MEDITECH's 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 June 30, 2008.

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)

July 31, 2008
(Date)

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

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