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CompuGroup Medical AG

EANS-News: CompuGroup Medical AG - acquisition of HealthPort´s Solution Services Division in USA

Koblenz (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Mergers - Acquisitions - Takeovers
November 18, 2010: CompuGroup Medical AG has
yesterday entered into an agreement for the purchase of HealthPort´s 
Solution Services Division assets.  The Solution Services Division 
includes practice management software, electronic health records and 
revenue cycle management software for approximately 3,600 physicians.
HealthPort´s Solution Services Division includes a strong product and
service offering serving physician practices, community health 
centers and hospitals. The product portfolio, made up of both 
acquired and developed solutions, is a strong strategic fit for 
CompuGroup Medical´s USA business because of the additional customer 
base for considerable revenue growth from cross-selling current 
products and sales of new products. There is also a strong fit with 
the customer management, marketing and innovation strategies of the 
fast growing CompuGroup Medical USA business.
The adoption rate of electronic healthcare records is expected to 
accelerate in the US market because of federal government incentives 
in the amount of approximately 20 billion US dollars offered for 
achieving meaningful-use capabilities to improve overall patient 
quality outcomes. With the acquisition of HealthPort´s Solution 
Services Division, CompuGroup Medical AG follows its strategy of a 
continues growth consistently of its, at this stage greatest coverage
among healthcare providers worldwide (physicians, dentists, hospitals
etc.).
Frank Gotthardt, Chairman of the Board of CompuGroup Medical AG, 
stated:  "The US is a core market for CompuGroup Medical. With the 
network of healthcare providers now served through Noteworthy, 
Visionary and HealthPort´s Solution Services Division we continue to 
move up the ranks of healthcare IT companies in USA. I repeat our 
commitment to do everything in our power to develop the United 
States, a key future market, for CompuGroup Medical."
About CompuGroup Medical AG CompuGroup Medical is one of the leading 
e-health companies worldwide. Its software products, designed to 
support all medical and organizational activities in doctors´ offices
and hospitals, its information services for all parties involved in 
the healthcare system and its web-based personal health records 
contribute towards safer and more efficient healthcare. The services 
of CompuGroup Medical are based on its unique customer base of around
370,000 doctors, dentists, hospitals and networks as well as other 
service providers. CompuGroup Medical is the e-Health company with 
one of the biggest coverage among e-health service providers 
worldwide. The company operates in 14 European countries as well as 
in Malaysia, Saudi Arabia, South Africa and in the USA and currently 
employs around 3,100 people.
end of announcement                               euro adhoc

Further inquiry note:

CompuGroup Medical AG
Barbara Müller
Consultant Press & Media
P +49 (0) 261 8000-1293
F +49 (0) 261 8000-3284
E-Mail: press@cgm.com

Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

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