MDU.V, MDUUF. This is the company's largest deal so far. I like this company for a bunch of reasons. It continues to grow at a very rapid pace, has almost no competition and operates in a very recession proof industry. 4 analysts have price targets of $0.55 - $0.95. Currently trading at $0.15
Healthscreen Partners With British Columbia's Carestation Health Centres to Implement CallerMD and HealthAlert in Seven Clinics
TORONTO, ONTARIO, Oct 29, 2008 (MARKET WIRE via COMTEX News Network) --
Healthscreen Solutions Inc. (TSX VENTURE: MDU), the leading Canadian provider of physician practice enhancement services and electronic medical record software, is pleased to announce that it has entered into an agreement with Carestation Health Centres Ltd to implement its practice enhancing services in Carestation's seven clinics in British Columbia.
Carestation is the largest multi-specialty, full service medical group practice in British Columbia, employing 160 GPs, specialists and others seeing upwards of 500,000 patient visits annually.
Under the agreement, Carestation will begin using Healthscreen's CallerMD, the uninsured services billing solution, and HealthAlert, the comprehensive patient reminder service. Implementation of these services in all Carestation clinics is expected to be completed by the end of Healthscreen's FY09 second quarter (March 2009). Both Carestation and Healthscreen also agree to examine strategies for deploying Carestation's patient portal technologies to physicians across Canada.
"We are very excited to begin implementing our market-leading practice services with Carestation's physician base," said Justin Belobaba, President and CEO of Healthscreen. "Carestation's physicians have long been valued customers of Regent, Healthscreen's recently acquired BC-based medical software company. This Agreement further validates Healthscreen's acquisition model and up-sell strategy, as we continue our aggressive expansion into Western Canada."
"We are very pleased to have entered into this Agreement with Healthsreen", said Mr. Karim Rajani, Chief Executive Officer of Carestation Health Centres Ltd. "The initiatives agreed today will significantly improve patient care and physician income, as well as provide a truly national platform for both companies to explore other practice enhancing strategies, including Carestation's propriety patient portal technologies. The agreement with Healthsreen is the first step in our nationwide growth strategy. We remain committed to examining any and all modalities related to our corporate mission, namely to improve care, enhance life and advance science."
About Healthscreen Solutions
Healthscreen Solutions (www.healthscreen.com) provides a comprehensive suite of practice enhancement products and services to increase physician productivity and revenue while reducing costs and improving patient care. The Company's portfolio includes billing and scheduling software, electronic medical records software, CallerMD which assists physicians in managing a range of uninsured medical services, PrevCareMD which helps physicians earn supplemental income by achieving government-set preventive care targets, and HealthAlert which allows physicians to help their patients in managing complex healthcare issues. Healthscreen is used by over 5,300 full-time physicians who are responsible for more than $1.5 billion in healthcare transactions per year through its system.
Copyright 2008 Healthscreen Solutions Inc. All Rights Reserved.
Disclaimer: Forward Looking Statements
This press release contains information that is forward looking information with respect to Healthscreen within the meaning of Section 138.4(9) of the Ontario Securities Act and other applicable securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or the negative of theses terms or other similar expressions concerning matters that are not historical facts. In particular, statements about future revenues or profitability, including the estimated timing of profitability, and any other statements regarding Healthscreen's future expectations, beliefs, goals or prospects are or involve forward-looking information.
Forward-looking information is based on certain factors and assumptions. Assumptions made in making forward looking statements in this release include the successful implemention of Healthscreen's CallerMD and HealthAlert services at Carestation clinics in BC and continued market adoption of our Physician Services offerings generally. While the company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information, by its nature necessarily involves risks and uncertainties, including risks and uncertainties relating to government regulation and funding in the healthcare industry, financial and capital market risks, technology development and adoption, Healthscreen's ability to maintain it's competitive position and effectively implement it's acquisition strategy, liability for software malfunction, management of growth, and length of sales cycles. Additional risks and uncertainties affecting Healthscreen can be found in Healthscreen's 2007 Annual Report and Management's Discussion and Analysis for the Third Quarter ended June 30, 2008 filed on SEDAR at www.sedar.com. If any of these risks or uncertainties were to materialize, or if the factors and assumptions underlying the forward-looking information were to prove incorrect, actual results could vary materially from those that are expressed or implied by the forward-looking information contained herein. Healthscreen or revise any forward looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof. Trading in the securities of Healthscreen should be considered highly speculative.
The TSX Venture Exchange has in no way approved nor disapproved the contents of this new release. |
