MARKHAM, ON,
March 25, 2013 /CNW/ - Nightingale
Informatix Corporation ("Nightingale" or the "Company") (TSX-V:
NGH), an application service provider (ASP) of electronic medical
record (EMR) software and related services, announced the
appointment of Mr. Peter Cauley as
Chief Financial Officer (CFO), effective April 1, 2013. He will be succeeding Mr.
Michael Ford.
"Peter is a seasoned technology industry veteran
with more than 30 years of financial and operational experience,"
said Sam Chebib, President and CEO
of Nightingale. "He has spent his career at several private and
public technology companies, ranging in size from $25 million to $100 million. With his technology
industry background, capital markets experience, and success
managing businesses with operations in Canada and the
United States, he is an ideal fit for Nightingale. We are
excited to welcome him to the team."
Over the span of his career, Mr. Cauley has held
a series of senior financial positions at innovative and successful
technology companies. Prior to joining Nightingale, Mr. Cauley was
VP Finance at ERP software company, Solarsoft Business Systems,
where through implementing new processes and systems, he helped to
significantly improve the financial performance of the overall
organization. Before Solarsoft, Mr. Cauley was COO and CFO of
BorderWare Technologies Inc., a provider of email and web secure
content management solutions. Mr. Cauley also served as CFO of
real-time data replication and protection solutions company,
DataMirror Corporation, which was TSX-listed prior to its sale to
IBM. Mr. Cauley held the position of CFO at DataMirror Corporation
for more than 12 years, spanning from the company's initial public
offering, several subsequent financings and acquisitions through to
its sale. At DataMirror, he played a key role in achieving
consistent profitability, through cost control measures and the
implementation of strategic pricing models. Prior to DataMirror,
Mr. Cauley held senior financial positions with two privately-held
technology companies. Mr. Cauley is a Chartered Accountant and
holds a Bachelor of Arts, Financial Studies from the University of Western Ontario.
"I would like to thank Michael for his hard work
and dedication to the success of Nightingale," Mr. Chebib added.
"He was instrumental in integrating the operations of our
acquisitions and exiting low-margin, non-core business lines. He
also managed a smooth transition to International Financial
Reporting Standards (IFRS) and completed a refinancing of the
Company's debt. The Board of Directors joins me in wishing Michael
success with his future endeavors."
About Nightingale
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 - Healthcare connected. www.nightingalemd.com
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", "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", "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: 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 secure customer
contracts and the timing of securing such contracts; the ability of
Nightingale to complete and successfully integrate its acquisitions
on an accretive basis, Nightingale's access to debt and capital
facilities, including compliance with current debt arrangements;
the existence of present and possible future government regulation;
the significant competition that exists in the medical software
industry; the early stage of Nightingale's business, and 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. Certain material factors or assumptions
applied by management in making forward-looking statements, include
without limitation, factors and assumptions regarding future trends
in healthcare spending, economic conditions affecting Nightingale
and North American economies; Nightingale's ability to continue to
fund its business, rates of customer defaults, relationships with,
and payments to lenders, 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.
SOURCE Nightingale Informatix Corporation