Merger Announcement from Lawrence A. Polimeno
I am happy to announce that effective January 1, 2010, the products, functions, and staff of Patient Care Technologies, Inc. (PtCT) will be fully merged into MEDITECH. PtCT will no longer exist as a separate entity, and all divisions within PtCT will report through MEDITECH's organizational structure. PtCT's products will become part of MEDITECH's HCIS, and will include three offerings: Home Health, Hospice, and well@home Telehealth.
MEDITECH and PtCT are excited about this opportunity to fully merge as a market leader of hospital and home care technology solutions. Our merger is a natural evolution of the long-standing, close working relationship between our two companies, which has grown even stronger since April 2007, when PtCT became MEDITECH's wholly-owned subsidiary. Over the past two years, PtCT has made significant progress as a leading provider of home health, hospice, and telehealthsoftware. During this timeframe, 25 sites have gone LIVE with Maestro, and the number of well@home devices being used in the field has grown to include more than 1,000. MEDITECH has provided financial stability to the entire PtCT operation during the past 30 months, and I am very proud of the fact that PtCT is once again a profitable company.
The full merger of PtCT into MEDITECH not only strengthens the financial stability and development resources available for home care customers, it also enables MEDITECH's Implementation and Service teams to better align home care implementations with customers' Health Care Information System expansion and migration plans. MEDITECH's acquisition of PtCT is an important step in our strategic goal of preparing customers for the future of health care delivery: an initiative we call "Care Without Walls." All of our customers will benefit from this merger in the years ahead, as health care organizations strive to meet government mandates and manage chronic diseases more effectively.
We aim to make this merger as seamless as possible. Customers can still contact their Atlanta-based service and implementation staff by continuing to call 404-425-7828 or fax 404-425-7839. The on-line customer service system will continue to be accessible through www.ptct.com. MEDITECH will host events and workshops for home care customers.
We will communicate more details about this new era over the next several weeks and months. Our main communication vehicle will be the new Home Care Web Portal on www.meditech.com. The portal features an interview with MEDITECH's Vice President of Marketing Hoda Sayed-Friel and Director of Home Care Sales Brian Doyle, as well as new literature for the Home Health, Hospice, and well@home Telehealth products.
We thank you for your continued support as PtCT and MEDITECH customers. Rest assured, the best is yet to come!
Lawrence A. Polimeno is Vice Chairman at MEDITECH.
Medical Information Technology, Inc.
Westwood, MA 02090