LOS ANGELES, Dec. 12, 2005 (PRIMEZONE) -- AssistMed, Inc. today announced it has completed the acquisition of AssistMed Canada, Inc., a wholly owned subsidiary of Toronto-based Cogient Corporation, in a cash and stock transaction. Terms were not disclosed.
"The acquisition complements our extensive suite of clinical-documentation solutions and greatly enhances AssistMed's presence in North America with an existing base of customers in Canada. The inclusion of Cogient's powerful and physician-friendly online electronic health records system firmly establishes our organization's position as the leading provider of total solutions for clinical documentation and supportive electronic health record-related applications. We now offer a full-spectrum of software and service applications to meet the requirements of individual healthcare practitioners -- providing an affordable pay-per-use model and unique support for government initiatives to deploy patient-centric Community Electronic Health Records," said Leonardo Berezovsky, M.D., chairman and chief executive officer of AssistMed, Inc.
He noted that the acquisition also provides a Toronto data center, additional professional development staff, and a corporate office in this region. "With the addition of these new systems and resources, healthcare professionals will benefit from systems that offer a technical edge to address an increasingly interconnected healthcare system, while minimizing operational expenses," Berezovsky added.
About AssistMed Inc.
Headquartered in California, AssistMed is an enterprise systems integrator, developer and provider of online transcription and electronic health record application services utilized by physicians, hospitals, payers, and research organizations. Additional information is available at www.assistmed.com