Nightingale Informatix Corporation Signs EMR Agreement with the Association of Ontario Health Centres Covering 3,500 Health C...
06 Dezember 2011 - 10:40PM
PR Newswire (Canada)
- Company wins one of the largest EMR contracts ever awarded in
Canada - - Company to deploy EMR and practice management solution
in French and English to 83 primary health care centres - - Company
to host a conference call December 7(th) at 8:30 a.m. - MARKHAM,
ON, Dec. 6, 2011 /CNW/ - Nightingale Informatix Corporation
"Nightingale" or "Company", an application service provider (ASP)
of electronic medical record (EMR) software and related services,
today announced it has signed a ten-year contract with the
Association of Ontario Health Centres (AOHC) to provide its leading
EMR and practice management solution, Nightingale On Demand (NOD),
to Community Health Centres (CHCs) and Aboriginal Health Access
Centres (AHACs) across Ontario. The agreement is one of the single
largest EMR contracts ever awarded in Canada. It covers
approximately 3,500 health care providers at 83 CHCs and AHACs
across Ontario. Nightingale expects to recognize more than $9
million in revenue and cash from this contract over the first three
years. Deployment will start in early 2012 and is expected to be
completed over a two year period. "This agreement represents a
transformational event for Nightingale, as it clearly establishes
us as the EMR market leader not only in Ontario, but also across
Canada," said Sam Chebib, President and CEO of Nightingale. "Once
fully deployed, we will have doubled our Canadian user base,
positioning us as the largest EMR vendor in the country. In
addition, our success in surpassing the stringent technical and
financial requirements set out by the AOHC selection committee is a
true testament to the strength of our EMR offering and the company
as a whole. We look forward to working with the AOHC and its member
organizations to help deliver enhanced care to hundreds of
thousands of their clients throughout Ontario." "A provincial EMR
licence that covers our members at a fair price is a significant
achievement for the sector," said Adrianna Tetley, Executive
Director of the AOHC. "It ensures our members are aligned with the
provincial direction for electronic medical records, and
well-positioned to benefit from current and future electronic
health system solutions." The AOHC undertook an extensive
evaluation process to select a partner for the deployment, and
selected Nightingale based on the Company's track record of
successful EMR deployments, technology leadership, demonstrated
experience in other jurisdictions, as well as the comprehensive
functionality of Nightingale On Demand. The AOHC mandated that the
selected vendor deploy its EMR solution in an ASP (hosted) model,
recognizing that a web-based EMR offering is cost effective and
provides the best security for patient information. Nightingale
will deploy its integrated EMR and practice management solution,
Nightingale On Demand, in both official languages (French and
English) through its ASP data centre at eHealth Ontario. "As seen
with our AOHC win, EMR adoption across North America is extending
beyond physician-led clinics to include the broader delivery of
health care services through community-based health centres," added
Mr. Chebib. "This trend is expanding the overall EMR market
opportunity. As a true bilingual EMR service provider, we are
positioned to accelerate our market penetration in regions of
Canada where French is a requirement." The agreement between the
AOHC and Nightingale provides the AOHC with a provincial license
for all current and future CHCs and AHACs, as well as Nurse
Practitioner-Led Clinics (NPLC) and Community Family Health Teams
(CFHT). This represents an anticipated value of more than $9
million over the first three years and up to $17 million over the
ten-year life of the agreement. The recurring revenue component of
the agreement is linked to the growth of the public health sector
governed under the AOHC mandate. Conference call details
Nightingale will host a conference call on Wednesday, December 7,
2011, at 8:30 a.m. Eastern Standard Time. To access the conference
call, dial (888) 231-8191 or (647) 427-7450. Please connect
approximately fifteen minutes prior to the call, and reference
conference ID 31809456 prior to the beginning of the call to ensure
participation. The conference call will be archived for replay
until Wednesday, December14, 2011. To access the archived
conference call, dial 416-849-0833 or 1-855-859-2056 and enter
reference 31809456#. To listen to the conference call replay on the
internet, please visit the Nightingale website shortly after the
call at www.nightingalemd.com. About Nightingale Informatix
Corporation (www.nightingalemd.com) Nightingale is one of the
fastest growing health care service and software companies in North
America and is recognized as an industry leader in Web-based
clinician and community based electronic medical records (EMR)
serving the needs of small primary care practices, multi-physician
outpatient clinics, and large scale regional health organizations
and networks. Coupled with integrated practice management,
transcription and revenue cycle management, Nightingale's
comprehensive service offering allows customers to enhance patient
care, increase revenue opportunities and optimize operations.
Nightingale is continuously innovating and enhancing its services
to meet the needs of its growing and diverse customer base.
Nightingale - Health care
connected. www.nightingalemd.com About the Association
of Ontario Health Centres Representing more than 120 health care
organizations, the Association of Ontario Health Centres is
Ontario's voice for community-governed primary health care. Members
include Community Health Centres, Aboriginal Health Access Centres,
Nurse Practitioner-Led Clinics and Community Family Health Teams.
AOHC member centres work hand in hand with those they serve. Each
is governed by a board made up of clients, community members,
health providers and community leaders. Community governance
enables health services to be more easily oriented towards what
community members identify as their most important needs.
www.aohc.org Forward-Looking Statement This press release contains
"forward-looking statements" respecting the issuance and
cancellation of securities of the Company within the meaning of
applicable Canadian securities legislation. Generally,
forward-looking statements can be identified by the use of forward-
looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may" ,"could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of Nightingale to be
materially different from those expressed or implied by such
forward-looking statements, including but not limited to: the
likelihood of Nightingale realizing the stated anticipated value of
any third party contracts including, without limitation, the AOHC
contract; and the possibility that such contracts could be
materially amended or terminated during their term, thereby
materially reducing the stated anticipated value; risks related to
the speculative nature of the medical software industry, which is
affected by numerous factors beyond Nightingale's control; the
ability of Nightingale to successfully integrate its acquisitions
and any liabilities arising as a result of such acquisitions,
access to capital and agreements with its Lenders; the existence of
present and possible future government regulation; access to debt
or equity financing and agreements with its Lenders; the
significant and increasing competition that exists in the medical
software industry; the early stage of Nightingale's business; and
therefore it is subject to the risks associated with early stage
companies, including uncertainty of revenues, markets and
profitability and the need to raise additional funding. All
material assumptions used in making forward-looking statements are
based on management's knowledge of current business conditions and
expectations of future business conditions and trends. Although
management believes the assumptions used to make such statements
are reasonable at this time, our assumptions may not to be as
anticipated, estimated or intended. Certain material factors or
assumptions applied by management in making forward-looking
statements, include without limitation, factors and assumptions
regarding Nightingale's continued ability to fund its business,
rates of customer defaults, relationships with, and payments to,
lenders, demand for Nightingale's products, as well as
Nightingale's operating cost structure. Although Nightingale has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such statements will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements. Nightingale
does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with
applicable securities laws. Further information on Nightingale
Informatix Corporation is available at www.sedar.com. Neither the
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. Nightingale Informatix Corporation CONTACT: Media
InquiriesMichael McMillan Veritas CommunicationsT
416.955.4583macmillan@veritascanada.comInvestor InquiriesKristen
Dickson, M.Sc.Equicom, a TMX Group CompanyTel: 416.815.0700 ext.
273kdickson@equicomgroup.com
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