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NEWS RELEASE:
FOR IMMEDIATE RELEASE:
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Beth Frost-Johnson, Sr. VP of Marketing
Merge Healthcare
414.977.4254
bethfj@merge.com
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Kenneth D. Rardin
President and CEO
Merge Healthcare
414.977.4000
ir@merge.com
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CEDARA SOFTWARE ANNOUNCES STRATEGIC RELATIONSHIP WITH INSITE ONE INC. TO PROVIDE ONLINE RADIOLOGY SERVICES
- Cedara to provide InSite One with new medical image viewing and archiving solution
- Solution to provide online support for InSite One’s 400+ customer sites
Toronto, ON, January 24, 2007 – Cedara Software, a Merge Healthcare company (Nasdaq: MRGE; TSX: MRG) and a leading independent developer of medical software technologies for the global healthcare market, today announced a new strategic relationship with InSite One Inc. to provide online radiology services. InSite One is a Storage Service Provider (SSP) that provides Internet-based DICOM (Digital Imaging and Communications in Medicine) compatible medical image archiving and retrieval services. Cedara will provide InSite One with a new web based viewing solution for exams stored on client’s archives to allow referring physicians access to results and reports. Known as InDex® Web, InSite One’s offering will be based on the Cedara I-Reach™ solution.
InSite One’s services are currently used in over 400 customer sites nationwide, accounting for archiving of over 940 million individual images. InSite One continues to service a substantial quantity of data from its customer base every day, amounting to approximately 2.5 terabytes of compressed data per data center per week.
"Over the course of our search for upgrading our InDex Web viewing solution, Cedara’s technology was found to offer a strong set of features that our clients are looking to offer their referring physician for reports and consultation," stated Jim Champagne, President and CEO of InSite One. "Our business relies on being able to provide fast, consistent and reliable image access. To do this, we need to accommodate a whole host of different connection speeds, network infrastructures and imaging demands. Cedara’s solutions are built with a robust architecture that addresses these needs, while offering an easy-to-use interface for different practitioners."
Cedara I-Reach is a web-based PACS solution that provides access to relevant information at the appropriate time, presented in the proper context, with clinically relevant tools to ensure patient outcomes are accurate and timely. For medical imaging centers and healthcare facilities, I-Reach provides online report and image viewing, security features that support HIPAA compliance, 3D rendering, a wide array of clinical tools, back-end storage and archiving. As an internet-deployable technology, I-Reach provides ultimate image and information access between different healthcare facilities.
"We are very please to be working with InSite One," said Loris Sartor, President of Cedara Software. "By combining InSite One’s experience in the onsite and offsite image archive and disaster recovery market with Cedara’s advanced technology, a broader range of services become available to the end user market. This relationship creates a significant new ASP solution for American healthcare providers."
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InSite One (www.insiteone.com) is the market leader for digital medical imaging archiving, storage and disaster recovery managed services. Its powerful, versatile suite of InDex® Web-enabled archiving services combine on-and off-site storage with built-in disaster recovery to create customized solutions fine-tuned to a client’s individual needs. InDex integrates with any PACS, hospital network and digital modality via DICOM archiving standards to provide HIPAA-compliant, ultra-fast access to both images and related medical data. With ongoing IT support, state-of-the-art hardware and software upgrades and pay-as-you-go pricing, InSite One delivers advanced, affordable archiving services scaled to keep pace with a site’s evolving needs, while conveniently transferring archiving costs to a facility’s operating budget. Currently, InSite One maintains over 940 million images for over 400 medical facilities nationwide in it’s geographically dispersed mirrored deep data centers. InSite One’s corporate headquarters are located in Wallingford, CT.
Cedara Software is a Merge Healthcare company focused on the development of custom engineered software applications and development tools for the medical imaging OEM and International markets. Cedara software is deployed in hospitals and clinics worldwide and is licensed by many of the world's leading medical device and healthcare information technology companies. Cedara technologies and expertise span all the major digital imaging modalities including computed tomography (CT), magnetic resonance imaging ( MRI), digital X-ray, mammography, ultrasound, echo-cardiology, angiography, nuclear medicine, positron emission tomography (PET) and fluoroscopy. Cedara medical imaging offerings are used in all aspects of clinical imaging workflow including the capture of a patient's digital image; the archiving, communication and manipulation of digital images; sophisticated clinical applications to analyze digital images; and the use of imaging in minimally-invasive surgery. For additional information, visit our website at www.cedara.com .
Merge Healthcare is a market leader in the development and delivery of medical imaging and information management software and services. Our innovative software solutions use leading-edge imaging software technologies that accelerate market delivery for our OEM customers, while our end-user solutions improve our customers' productivity and enhance the quality of patient care they provide. For additional information, visit our website at www.merge.com .
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Attn: Beth Frost-Johnson
Merge Healthcare
6737 West Washington St.
Suite 2250
Milwaukee, WI 53214
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| Except for the historical information herein, the matters discussed in this news release include forward-looking statements that may involve a number of risks and uncertainties. When used in this press release, the words “will,” “believes,” “intends,” “anticipates,” “expects” and similar expressions are intended to identify forward-looking statements. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements based on a number of factors, including, but not limited to, the uncertainty created by, the adverse impact on relationships with customers, potential customers, suppliers and investors potentially resulting from, and other risks associated with, the changes in the Company’s senior management; costs, risks and effects of the investigation by the Audit Committee of the Board of Directors; the impact of the restatement of financial statements of the Company and other actions that may be taken or required as a result of such restatement; the Company's inability to timely file reports with the Securities and Exchange Commission; risks associated with the Company's inability to meet the requirements of The NASDAQ Stock Market for continued listing, including possible delisting; costs, risks and effects of legal proceedings and investigations, including the informal, non-public inquiry being conducted by the Securities and Exchange Commission and class action, derivative, and other lawsuits; risks in product and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, ability to integrate acquisitions, changing economic conditions, credit and payment risks associated with end-user sales, dependence on major customers, dependence on key personnel, and other risk factors detailed in the Company’s filings with the Securities and Exchange Commission. Except as expressly required by the federal securities laws, the Company undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason.
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