Contacts
Ann Joyal
Picis
Corporate Communications
Tel: +1 781.557.3000
Email: PR-Contact@picis.com
Dana Conti, Media Relations
Schwartz Communications, Inc.
Tel 1.781.684.0770
Email: picis@schwartz-pr.com
Picis Closes Acquisition of LYNX Medical Systems
August 13 , 2007—Wakefield, Mass.—Picis, the leading global provider of high-acuity care information systems, announced that it has closed its acquisition of LYNX Medical Systems from Francisco Partners. As previously announced, this acquisition creates the most comprehensive end-to-end clinical and financial information management system for hospital emergency departments. The acquisition was funded in part by Goldman Sachs & Co. Brown Brothers Harriman & Co. acted as the advisor for Picis, and William Blair & Co. represented the seller.
About Picis
Picis is an established provider of innovative healthcare information technology solutions designed to transform the delivery of patient care information in the high-acuity areas of the hospital, including the emergency department, operating and recovery rooms and intensive care units. Picis offers the most advanced suite of integrated products focused on these life-critical areas of the hospital where the patients are the most vulnerable, the care process is the most complex and an increasing majority of hospital costs are incurred. Headquartered in Wakefield, Massachusetts, Picis has licensed systems for use in more than 1,000 hospitals in 19 countries. More information is available at www.picis.com.
About LYNX Medical Systems, Inc.
LYNX Medical Systems, a company founded in 1984 by Dr. Mason Smith, an emergency care physician, drives value in emergency medicine through industry leading content, software tools and services that advance revenue and profitability, while ensuring compliance and consistency. LYNX solutions help hospitals improve ED clinical documentation, reduce compliance risk, and ensure accurate and consistent code assignment for appropriate reimbursement. LYNX clients maintain a consistent, documented and repeatable return on investment. Currently, LYNX serves more than 350 healthcare organizations, representing over 15 million annual encounters.
Picis is a registered trademark of Picis, Inc. © 2007 Picis, Inc. All rights reserved. All trademarks mentioned herein are the properties of their respective owners. This press release contains express or implied forward-looking statements relating to, among other things, Picis’ expectations concerning marketing plans, market acceptance of its products, and management’s plans, objectives and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond Picis’ control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. In particular, the risks and uncertainties include, among other things, our ability to convince hospitals to shift from existing methods of collecting clinical data to our automated software solutions; competition; changing customer requirements; market acceptance of our software products; claims that we or our technologies infringe upon the intellectual property or other proprietary rights of a third party and product liability claims relating to our products or services or our customers’ use of our products or services.