Idx Systems (NASDAQ:IDXC)
Historical Stock Chart
From May 2019 to May 2024
IDX Systems Corporation Completes Acquisition of RealTimeImage,
Ltd.
BURLINGTON, Vt., July 1 /PRNewswire-FirstCall/ -- IDX Systems Corporation
(NASDAQ:IDXC) today announced that is has successfully completed the previously
announced acquisition of the assets of RealTimeImage, Ltd. (RTI). IDX purchased
the assets of RTI for approximately $16 million. The acquisition is part of
IDX's strategy to enhance its product and market competitiveness through
acquiring leading edge technology and expertise.
About IDX: Founded in 1969, IDX Systems Corporation provides information
technology solutions to maximize value in the delivery of healthcare, improve
the quality of patient service, enhance medical outcomes, and reduce the costs
of care. Our systems are deployed to serve approximately 150,000 physicians
and are installed at over 3,400 customer sites, including more than 850 group
practices and approximately 370 integrated delivery networks servicing more
than 500 hospitals.
IDX also provides its enterprise clinical software as a subcontractor to BT,
Local Service Provider for the United Kingdom National Health Service's
National Programme for Information Technology, an initiative to establish
electronic patient records for 50 million patients.
The IDX web strategy includes browser technology, e-commerce and web-based
tools -- built using Internet architecture -- that facilitates access for
patients, physicians and care providers to vital health information and data
managed by the IDX clinical, administrative, financial, and managed care
products. IDX has approximately 2,400 full-time employees.
IDX is registered trademark of IDX Investment Corporation.
This press release contains forward-looking statements about IDX Systems
Corporation that involve a number of risks and uncertainties. Among the
important factors that could cause actual results to differ materially from
those indicated by such forward-looking statements are uncertainties or
difficulties in developing new services and systems, including Imagecast for
Cardiology, difficulties in completing and integrating acquisitions,
difficulties in implementing systems, possible deferral, delay or cancellation
by customers of computer system or service purchase decisions, possible delay
of system installations and service implementations, development by competitors
of new or superior technologies, changing economic, political and regulatory
influences on the healthcare industry, possible disruptions in the national
economy caused by terrorist activities and foreign conflicts, changes in
product pricing policies, governmental regulation of IDX's software and
operations, the possibility of product-related liabilities, and factors
detailed from time to time in IDX's periodic reports and registration
statements filed with the Securities and Exchange Commission, which important
factors are incorporated herein by reference. IDX undertakes no obligation to
update forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events, or changes in future operating results,
financial condition or business over time.
For more information, contact:
Margo C. Happer
Vice President
Investor Relations and Corporate Communications
IDX Systems Corporation
802.859.6169
DATASOURCE: IDX Systems Corporation
CONTACT: Margo C. Happer, Vice President Investor Relations and
Corporate Communications of IDX Systems Corporation, +1-802-859-6169,
Web site: http://www.idx.com/