TouchWorks EMR to Integrate Award-Winning Document Imaging Technology
LOUISVILLE, Ky. and CHICAGO, July 16 /PRNewswire-FirstCall/ — Allscripts
Healthcare Solutions (Nasdaq: MDRX), the leading provider of clinical software
and information solutions for physicians, announced today the signing of an
agreement to acquire Advanced Imaging Concepts, Inc. (AIC), a leading provider
of document imaging, scanning and management software for healthcare
providers. AIC has recently won a number of prestigious industry awards
including Top Honors in the document imaging solutions category at the 2003
TEPR Convention, and currently has over 250 installations in 40 states and
over 14,000 licensed users.
Allscripts and AIC have worked in a strategic partnership since 2002 to
offer digital imaging functionality to clients through the TouchWorks Scan(TM)
module. AIC’s Impact.MD(R) platform serves as both a patient-centric
electronic file cabinet and an imaging solution. Allscripts will incorporate
the Impact.MD platform directly into the TouchWorks(TM) EMR.
“The strategic importance of imaging is clear — it enables a true
paperless patient record and accelerates the adoption of TouchWorks,” said
Glen Tullman, Chief Executive Officer of Allscripts Healthcare Solutions. “As
we evaluated our opportunity with AIC, our clients confirmed the need for
imaging to better manage legacy paper files and also reaffirmed that AIC is
the clear leader in the document imaging space.”
Additionally, AIC brings a very solid value-added reseller network with an
excellent track record in selling to the small-to-mid-size practice market.
As a separate business unit of AHS, AIC will focus on expanding penetration in
this market.
“The union of AHS and AIC makes perfect sense because our companies share
a common belief in the modular approach to the electronic medical record,”
commented Jeffery Amrein, Chief Executive Officer of Advanced Imaging
Concepts. “Imaging technology offers a low-cost and low-effort entry point
for practices seeking a full EMR.”
AHS will acquire all outstanding shares of AIC common stock and common
stock equivalents for $18 million, payable in cash and by the assumption of a
portion of outstanding AIC stock options. The transaction is subject to final
approval of the shareholders of AIC and other closing conditions.
About Advanced Imaging Concepts, Inc.
Advanced Imaging Concepts, Inc. (AIC) is a leader in document imaging
solutions for the medical industry. AIC’s flagship product, IMPACT.MD, is a
Windows-based, computerized patient records software system for healthcare
organizations. IMPACT.MD serves as a single, flexible repository for all of
the patient-related paper that flows around an organization, whether it is
generated from within the office, such as phone messages and office notes, or
outside the office, such as lab results and referral letters. Authorized users
can access patient records instantly with the click of a mouse from any
workstation, which eliminates the need for paper records.
About Allscripts Healthcare Solutions
Allscripts Healthcare Solutions is the leading provider of clinical
software and information solutions for physicians. The Company’s TouchWorks
software is a modular electronic medical record that enhances physician
productivity using a wireless handheld device, Tablet PC, or desktop
workstation to automate the most common physician activities including
prescribing, dictating, capturing charges, ordering labs and viewing results,
providing patient education, and documenting clinical encounters.
Additionally, AHS provides patient compliance and healthcare product education
services for physicians through its Physicians Interactive(TM) business and
also provides medication fulfillment services. AHS provides software and
services to over 20,000 physicians across the U.S.
Strategic partners include IDX Systems (Nasdaq: IDXC); IMS Health
(NYSE: RX); Microsoft (Nasdaq: MSFT); Hewlett-Packard Company; and Medco
Health.
TouchWorks Scan, TouchWorks and Physicians Interactive are trademarks of
Allscripts Healthcare Solutions. Visit AHS on the Web at www.allscripts.com .
IMPACT.MD is a registered trademark of Advanced Imaging Concepts, Inc.
This announcement may contain forward-looking statements about Allscripts
Healthcare Solutions that involve risks and uncertainties. These statements
are developed by combining currently available information with Allscripts
beliefs and assumptions. Forward-looking statements do not guarantee future
performance. Because Allscripts cannot predict all of the risks and
uncertainties that may affect it, or control the ones it does predict,
Allscripts’ actual results may be materially different from the results
expressed in its forward-looking statements. For a more complete discussion of
the risks, uncertainties and assumptions that may affect Allscripts see the
Company’s 2002 Annual Report on Form 10-K, available through the Web site
maintained by the Securities and Exchange Commission at www.sec.gov .
SOURCE Allscripts Healthcare Solutions, Inc.
-0- 07/16/2003
/CONTACT: Bill Davis, Chief Financial Officer, +1-847-680-3515, Ext. 282,
bill.davis@allscripts.com , or Dan Michelson, Vice President of Marketing,
+1-847-680-3515, Ext. 4330, dan.michelson@allscripts.com , both of Allscripts
Healthcare Solutions, Inc./
/Web site: https://www.allscripts.com /
(MDRX IDXC RX MSFT)
CO: Allscripts Healthcare Solutions, Inc.; Advanced Imaging Concepts, Inc.;
IDX Systems; IMS Health; Microsoft; Hewlett-Packard Company;
Express Scripts; Medco Health
ST: Kentucky, Illinois
IN: MTC HEA CPR STW
SU: TNM
JR-JK
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5092 07/16/2003 16:00 EDT http://www.prnewswire.com