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NTST Netsmart Technologies (MM)

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Share Name Share Symbol Market Type
Netsmart Technologies (MM) NASDAQ:NTST NASDAQ Common Stock
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Netsmart Technologies Signs Leading Psychiatric Health System

19/08/2005 3:00pm

PR Newswire (US)


Netsmart (NASDAQ:NTST)
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Netsmart Is Awarded St. Joseph's Hospital Health Center Contract GREAT RIVER, N.Y., Aug. 19 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc. (NASDAQ:NTST), a leading supplier of enterprise-wide software for health and human services providers through its wholly owned subsidiary, Creative Socio-Medics Corp. (Creative), announced today that Creative has been awarded a contract with St. Joseph's Hospital Health Center in Syracuse, New York. The first year value is $472,000, covering licensing and first year maintenance of Creative's Avatar ensemble of products. James Gargiulo, Senior Vice President of Netsmart, said: "The St. Joseph's Hospital Health Center award furthers our strategic plan to grow our base of psychiatric health systems." He went on to say, "St. Joseph's is a leader in the treatment of psychiatric problems for individuals in the upstate New York region. We are proud to have them join our growing list of hospital clients throughout the United States." St. Joseph's Hospital Health Center provides a full range of inpatient and outpatient services for area residents of all ages. Funded and accredited in cooperation with the Onondaga County Department of Mental Health and the New York State Office of Mental Health, St. Joseph's subscribes to patients' continuity of treatment by teams of professionals through its comprehensive programs. It is a state designated Community Health Center. A 30-bed inpatient unit is available for individuals with acute mental illness who require specialized care in a protective, structured environment or who have emotional problems with accompanying medical conditions. Treatment is provided for patients who are diagnosed as having major thought disorders, including schizophrenia and major affective disorders including depression and bi-polar. Treatment of these illnesses includes psychotherapy, group therapy, family therapy, behavior therapy and medication therapy. A team of psychiatrists, nurse practitioners, psychologists and social workers, along with skilled nurses and paraprofessionals, provides comprehensive outpatient psychiatric services. Treatment includes individual psychotherapy, group therapy and medication therapy combined with family and vocational counseling. James Conway, CEO of Netsmart Technologies stated, "We are extremely pleased to have added St. Joseph's Hospital Health Center to our growing client base. Our dedication to providing the best products and services to our customers has been critical to our success. We believe that the award of this new contract is proof of the effectiveness of our efforts." About Netsmart Technologies, Inc. Netsmart Technologies, Inc. of Great River, NY, through Creative Socio-Medics, is an established, leading supplier of enterprise-wide software solutions for health and human services providers with over 600 clients, including 26 systems with state agencies. Creative's clients include health and human services organizations: public health agencies, mental health and substance abuse clinics, psychiatric hospitals, and managed care organizations. Avatar Practice Management and the Avatar Clinician Work Station, Creative's core products, are full-featured information systems that operate on a variety of operating systems, hardware platforms, and mobile devices and offer unlimited scalability. Statement on Behalf of Netsmart Technologies, Inc. Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "intend," and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Netsmart's filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to product demand, market and customer acceptance, competition, pricing and development difficulties, as well as general industry and market conditions and growth rates, and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Netsmart's or Creative's website do not constitute a part of this release. DATASOURCE: Netsmart Technologies, Inc. CONTACT: Ron Marge of Netsmart Technologies, 1-800-421-7503, ext. 2026, ; or Stuart Fine of Carpe DM, Inc., +1-908-490-0075, , for Netsmart Technologies Web site: http://www.netsmartech.com/

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