Tech Update
Tech Update
• Per-Se Technologies (Atlanta) last week announced 2Q99 sales of its Resource1 family of staff management, patient scheduling, and resource management solutions. The company sold its Resource1 Ansos system to three networks one in Nevada, one in Pennsylvania, and one in Indiana. The company sold its Resource1 One-Staff system to six networks. And it sold its Resource1 Orsos system to five networks three in New York, one in Canada, and one in California. Per-Se also sold its Resource1 One-Call system to two networks.
• Simione Central Holdings (Atlanta) has entered into an amendment to the MCS merger agreement dated May 26, whereby the shares of MCS would be spun off to the shareholders of Mestek, MCS’ parent company, and MCS would be merged with and into Simione. In connection with the signing of the amendment, Mestek loaned Simione $3 million on a short-term basis. Upon the closing of the merger, Mestek will contribute an additional $3 million to Simione, and the short-term loan will be canceled resulting in a total of $6 million committed by Mestek in return for newly issued Simione series B preferred stock, with voting rights equal to 11.2 million shares and a warrant for 2 million shares. In connection with the amendment and infusion of cash, Mestek has agreed to help in the operational management of Simione. As a consequence, Bruce Dewey, Mestek senior vice president, will assume the role of day-to-day executive leadership of Simione as its CEO within the office of the chairman. The office of the chairman, pending the closing of the merger transaction, will be made up of Dewey, Barrett O’Donnell, Simione chairman, and David Ellis, managing director of EGL Holdings, a large shareholder of Simione.
• Some home care workers in Monroe and Schuylkill counties in Pennsylvania joined the electronic age last week, using a paperless patient care tracking system called CareWatch, reported the Allentown Morning Call. The 12 workers are preparing to leave the Lehigh Valley Hospital Home Care Group’s satellite offices in Tamaqua and Mount Pocono and work from home. The move to the automated system has been going on for the past two years, said Carol Schaffer, vice president of the home health group. Cutbacks forced the hospital to act, she told the Morning Call. In 1997, passage of the Balanced Budget Act caused hospitals such as Lehigh Valley Hospital, which depend on Medicare reimbursement, to reduce costs.
• Allegro Home Health Care Supplies (Scottsdale, AZ) last week released the latest version of the Web’s first on-line home healthcare superstore. The new design enhances the purchasing experience and adds to the overall functionality of the site, the company said. The site includes new features designed to make it faster and easier for customers to locate and order products. To visit the site, go to www.goAllegro.com.
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