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AMICAS Continues Its Surge In The PACS Market With 12 New
Customers in Q2 2004
AMICAS Vision SeriesT PACS will be implemented in 37 new sites
RIDGEFIELD, CT, July 27, 2004 AMICAS, Inc.,
the Web-based picture archiving and communications systems (PACS) company, a
wholly owned subsidiary of VitalWorks Inc. (NASDAQ:VWKS), signed twelve new
customers, most with multiple facilities, for implementation of its diagnostic
image and information management system during the second quarter, ending June
30, 2004. The results represent a record in number of new customers and total
number of contracted sites in a single operating quarter.
The 37 new sites include seven hospitals, representing three hospital entities,
15 sites representing four radiology group entities, and 15 outpatient
diagnostic centers, representing five multi-center imaging center entities.
Five out of the twelve unique customers have contracted to utilize RadConnect
RIS, VitalWorks' Web-based radiology information system integrated with AMICAS
Vision SeriesT Web-based PACS. The second quarter contracts also include three
hospitals that utilize MEDITECH's health care information system. These
hospitals will utilize AMICAS' integration with MEDITECH products to transform
their radiology practice from a film-based operation to a digital practice.
Among the new second quarter customers are:
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Quincy Medical Center, located in Quincy, Massachusetts. Quincy Medical Center
is a 282-bed community teaching hospital. AMICAS Vision Series PACS will be
used to support the medical center's 375+ physicians
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Madison Radiology, headquartered in Madison, Wisconsin. This 22-radiologist
group provides imaging services in six counties at nine area hospitals and at
over ten clinics. Madison Radiology is the largest independent radiology group
in South Central Wisconsin
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A nationwide provider of radiology services which serves over 1,000 customers
including imaging centers, university hospitals, community medical centers,
clinics, and physician groups.
"Our products and services continue to deliver unique value to each of the three
segments of our market", said AMICAS president and chief executive officer,
Hamid Tabatabaie. "We view it as our responsibility to build products and
services that reflect the nature of our customers' business model, workflow,
and priorities. Hospital-based radiology practices function differently from
large radiology groups who in turn have distinct requirements compared to those
of multi-facility and centrally-owned imaging centers. Our products and
services aspire to reflect a keen understanding of our markets, and it is truly
gratifying to have our company strategy be rewarded by such a diverse group of
new customers."
In addition to having been rated as the #1 PACS in the KLAS Top 20 Mid-Year
Report Card as announced last month (www.healthcomputing.com), AMICAS has also
received the Frost & Sullivan Competitive Strategy Leadership Award during
the quarter. This award is presented each year to a company whose competitive
strategy has yielded significant gains in market share during the research
period. As noted in the North American Turnkey Picture Archiving and
Communications Systems Report (June 2004), Frost & Sullivan
stated, "The acquisition of AMICAS by VitalWorks, in 2003, has fortified AMICAS
by providing it with financial backing, broader customer access, and the
complementary products required to become a highly competitive PACS company.
Frost & Sullivan recognizes the masterful execution of this strategy by
presenting it with the Competitive Strategy Leadership Award."
About AMICAS, Inc.
Established in 1995, AMICAS provides Web-based, software-only medical and
diagnostic image management solutions. AMICAS conceived the software
architecture of The Vision Series, combining PACS functionality into a
centralized, standards-based and manageable platform. AMICAS continues to craft
scalable, feature-rich solutions to meet the workflow, integration and care
needs of all institutions, filling the performance and scalability void left by
legacy approaches. AMICAS promotes solutions that leverage the cost
efficiencies of a technology-forward design that responds to emerging
technologies. Purposely selecting a vendor-neutral hardware approach, AMICAS'
value proposition affords clients an average two to three year ROI - half that
of traditional solutions.
AMICAS' demonstrated leadership is evident in a diverse customer base
encompassing more than 260 facilities, processing more than six million exams
per year. AMICAS solutions are implemented at renowned institutions, including
New York-Presbyterian Healthcare System, the University of Chicago Hospitals
and Massachusetts General Hospital for enterprise distribution of images; and
Rush North Shore Medical Center, Blanchard Valley Health Association and Nassau
University Medical Center for end-to-end PACS. AMICAS is a wholly owned
subsidiary of VitalWorks Inc. (NASDAQ: VWKS), a leading provider of information
management technology and services targeted to healthcare practices and
organizations throughout the United States. Additional information about AMICAS
can be found at www.amicas.com. Additional information about VitalWorks can be
found at http://www.vitalworks.com.
Safe Harbor Statement
Except for the historical information herein, the matters discussed in this
release include forward-looking statements. The forward-looking statements
contained in this release include statements about future financial and
operating results and the proposed acquisition. When used in this press
release, the words: believes, intends, anticipates, expects, and similar
expressions are intended to identify forward-looking statements. Such
forward-looking statements are subject to a number of risks, assumptions and
uncertainties that could cause actual results to differ materially from those
projected in such forward-looking statements. These risks, assumptions and
uncertainties include: the risk that VitalWorks and AMICAS' businesses and/or
products will not be integrated successfully, the risk that AMICAS' businesses
relationship with its customers will not be successful; the failure by the
companies to retain key employees, integrity of the intellectual property of
AMICAS, continued compliance of all government laws, rules and regulations for
all applicable products, the failure by the company to complete and deliver
products and services within currently estimated time frames and budgets, the
inability to achieve revenues from combined lines of products, economic and
political conditions in the United States and abroad and other risks affecting
VitalWorks' businesses generally and as set forth in VitalWorks' most recent
filings with the Securities and Exchange Commission. All forward-looking
statements in this press release are qualified by these cautionary statements
and are made only as of the date of this press release. VitalWorks and AMICAS
are under no obligation to (and expressly disclaim any such obligation to)
update or alter their forward-looking statements whether as a result of new
information, future events or otherwise.
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Anne Gagne
1.800.490.8465 x 7741
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investorrelations@amicas.com
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| May 27, 2008 |
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AMICAS Announces Integrations at More Than 100 MEDITECH Facilities
Vision Series PACS milestone is a testament to tight integration and excellent value
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| May 15, 2008 |
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AMICAS Focuses on the Future of Radiology IT at SIIM 2008
Radiology software solutions leader focuses on solving real-world problems in radiology
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| May 1, 2008 |
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AMICAS Highlights Radiology Automation Solutions at RBMA 2008
Leader in radiology software solutions also announces general availability of its advanced, industrial strength revenue cycle management platform, Vision Series Financials
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| April 30, 2008 |
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AMICAS Reports Financial Results for the First Quarter Ended March 31, 2008
Positive cash flow from operations and an active first quarter 2008 stock repurchase program
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| April 2, 2008 |
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AMICAS and RIA Partner for Better Customer Service in Radiology Radiology Imaging Associates and INVISION choose AMICAS to develop new approach for streamlining scheduling, billing, marketing, and physician services
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| Jan 29, 2008 |
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AMICAS Increases Market Penetration With More Than 60 Contracts in 2007 Focus on innovation and customer success drives market interest
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| Nov 27, 2007 |
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MedQuest Standardizes on AMICAS Vision Series
PACS
Vision Series PACS and Vision Reach to be deployed
at 92 outpatient imaging centers across 13 states
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