Tech Update

• Briggs Corp. (West Des Moines) said last week that its Briggs Technology affiliate has merged with LTC Solutions, a software developer in the post acute market. The combined company, Horizon Healthcare Technologies, will be based in St. Louis. Briggs Corp. will hold a majority interest in the new company. Horizon will be headed by Hollie Furst, now CEO of LTC Solutions. Briggs Technology develops and markets software systems for OASIS electronic submission for home care providers.

• qmed (Laurence Harbor, NJ) reported an increase of 20% in its 2Q99 ended May 31 revenues, to $619,635 from $513,892 in 2Q98. The company reported a net loss in 2Q99 of $337,186, 3 cents per share, compared to a 2Q98 net loss of $738,234, 7 cents per share. President/CEO Michael Cox said the revenue growth "is largely attributable to a 17% increase in our ohms/cad business. As we had earlier indicated, this is an important turnaround quarter."