News Releases
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SummaryPress Release Medisolv completes acquisition of CyberViewTransaction Extends Medisolv's Leadership in Business Intelligence and Clinical Decision Support Software for Hospitals and Health Systems. Columbia, MD and Long Beach, CA - - August 28, 2006 - - Medisolv, Inc., the leader in business intelligence and clinical decision support software for hospitals, and First Consulting Group (NASDAQ: FCGI), a leading healthcare information technology company, announced today that they have completed a transaction in which Medisolv has acquired the FCGI’s CyberView product business. By adding Cyberview’s easy-to-use query capabilities and financial reporting to Medisolv applications and business intelligence platform, this acquisition will extend Medisolv’s leadership as the premier provider of Business Performance Management software for hospitals and health systems. "The Cyberview product business will advance our strategy of rapidly expanding our client base in the business intelligence and clinical decision support space for hospitals and health systems " said Dr. Zahid Butt, President and CEO of Medisolv. "With the addition of CyberView, Medisolv will also have the distinction of being the only company providing end to end business intelligence and clinical decision support solutions for the MEDITECH Data Repository. The combined software products will provide customers with advanced clinical and financial analysis through multiple reporting and analysis tools." "CyberView has great financial content which will complement Medisolv’s clinical and financial content delivered from a solid business intelligence platform," continued Dr. Butt. "We now have the best talent in this space. We believe this transaction will be a significant win for customers, partners, and employees as we further extend the reach of our business intelligence and clinical decision support solutions into every department of the hospital." About Medisolv Medisolv is a privately held corporation based in Columbia, Maryland. The company develops business intelligence and clinical decision support software solutions for hospitals in the US and Canada. The company has grown steadily in client base, revenues and profitability since its founding in 1999. Medisolv’s management team has a combined 50 years of experience in the development, integration and delivery of hospital services and software products including business intelligence based solutions for healthcare institutions. Medisolv is a Microsoft Certified Partner and a MEDITECH business alliance partner. About FCG First Consulting Group (FCG) is a leading provider of outsourcing, consulting, systems implementation and integration for healthcare, pharmaceutical, and other life sciences organizations throughout North America, Europe and Asia. Through combinations of onsite, off-site and offshore resources, FCG provides low cost, high quality services to improve its clients' performance. The firm's consulting and integration services increase clients' operations effectiveness with information technology, resulting in reduced costs, improved customer service, enhanced quality of patient care, and more rapid introduction of new pharmaceutical compounds. For more information about FCG, visit www.fcg.com or call 800-345-0957. ### |
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