MedLink Announces the Acquisition of MedAppz
08 November 2010 - 3:00PM
Marketwired
MedLink (OTCBB: MLKNA), a leading provider of health information
technology solutions, today announced that it has acquired the
assets of MedAppz, LLC. of Wichita, Kansas, a leading Electronic
Health Record (EHR) and practice management software provider. The
acquisition expands MedLink's national footprint with EHR customers
in 23 states while also providing revenue cycle management services
to practices in five states. The addition of MedAppz' iSuite EHR
broadens MedLink's technology offerings, enabling MedLink to
provide a cutting edge web-based solution built on the latest
Microsoft .Net 4.0 platform. MedAppz, based in Wichita, Kansas,
with offices in Naples, Florida, has installations across the US
and offers EHR solutions for 28 medical specialties.
Founded in 2003, MedAppz has focused on the smaller,
clinical-based physician market, which makes up the majority of the
US physician market. MedAppz iSuite technology is flexible, user
friendly, affordable, and easy to implement due to its engineering
as a pure web-based solution. The iSuite solution includes EHR,
practice management, e-prescribing, document management, and
transcription and revenue cycle management services and is only one
of five EHR vendors to be "qualified" by the Center for Medicare
and Medicaid Services for direct EHR reporting. MedAppz has built
diverse partnerships with healthcare and technology leaders, such
as MedAssets, to market its solutions through an indirect reseller
channel.
"The acquisition of MedAppz is another step in MedLink's growth
strategy, solidifying our commitment to being at the forefront in
offering robust healthcare technology solutions that will help
medical practices optimize patient care and collections, and
qualify for the breadth of federal and state incentives available
for EHR adoption," stated Ray Vuono, MedLink's Chief Executive
Officer. "In addition, the synergies and cost savings created by
this acquisition will play a significant role in MedLink's growth
while the expansion of our suite of healthcare IT services will
enhance our ability to meet the unique needs of each practice.
Through the strengths of our newly acquired technology and the
experienced staff that will all be joining MedLink, we expect to
achieve continued growth and success to meet the ever growing
market demand, establishing MedLink as a national leader in the
healthcare IT market."
Brian Lichtlin, MedAppz' founder and Chief Executive Officer,
will join MedLink in the role of Executive Vice-President to lead
MedLink's EHR division. Mr. Lichtlin brings more than 15 years of
executive leadership and extensive healthcare and technology
expertise to MedLink's management team. "The merger with MedLink
accelerates MedAppz' business and marketing plans, and provides
enhanced access by healthcare providers to the most comprehensive,
yet easy to implement, IT solutions for physicians," stated Mr.
Lichtlin. "The MedAppz customer base will continue to be supported
with the same high quality and responsive technical support staff
and will now have access to a greater breadth and quality of
resources and services. We are very pleased to be joining MedLink
to not only grow with MedLink in the EHR market, but to expand our
joint offerings into significant opportunities such as the
launching of the Health Information Networks."
About MedLink
MedLink is a healthcare IT company providing the medical
community with products and services for the creation, management,
and sharing of medical information. The company's flagship product,
MedLink TotalOffice EHR 3.1, a CCHIT Certified® 08 Ambulatory EHR,
provides physicians with full EHR and practice management
functionality. For more information regarding MedLink's products
and services, please visit www.medlinkus.com.
SafeHarbor Statement
This news release may contain forward-looking statements within
the meaning of the federal securities laws. Statements regarding
future events, developments, the Company's future performance, as
well as management's expectations, beliefs, intentions, plans,
estimates or projections relating to the future are forward-looking
statements within the meaning of these laws. These forward-looking
statements are subject to a number of risks and uncertainties,
outlined in our 2009 Annual Report on Form 10-Kavailable through
www.sec.gov. The Company undertakes no obligation to update
publicly any forward-looking statement, whether as a result of new
information, future events or otherwise.
Contact: Jameson Rose (631) 342-8800 Email Contact
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