MDanywhere enters Letter of Intent to merge with MobiHealth

Baltimore 20 September 2004MDanywhere Technologies Inc., an award-winning, emerging health care information solutions provider of state-of-the-art Web-based technologies for hospitals and physicians practices, has signed Articles of Agreement with MobiHealth Inc., a provider of wireless clinical solutions and premier technology firm offering mobile solutions to the health care industry, to merge the two organisations.

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"I am very excited about creating potentially what will be one of the most innovative companies focused on emerging enterprise technology solutions for the health care industry", stated Gary O'Gwen, president of MDanywhere. "As a combined entity, the company will be more competitive and have greater flexibility to grow, offering an enhanced value for health care practitioners, medical facilities, patients, partners and shareholders."

Under the terms of the Agreement, MDanywhere's current management team will assume the responsibility of managing the combined entity, which will continue to be known as MDanywhere Technologies Inc., and will operate MobiHealth as a Division of MDanywhere Technologies Inc. The parties are seeking to complete the transaction with a definitive agreement, effective October 1, 2004. The consummation of the transaction has been approved by both company's board of directors and the customary closing documentation and requirements are underway.

MDanywhere Technologies Inc. is a Maryland C-corporation, founded in 1999 and located in the Baltimore-Washington area. The MDanywhere Healthcare Information Solution is an award winning technology that was physician founded, and forged at one of the premier medical centres. MDanywhere is a graduate of the Johns Hopkins Emerging Technologies Incubator. MDanywhere has clearly grasped a unique opportunity in a complex health care industry, and has built a state-of-the-art enterprise solution to address the needs of the current medical systems.

MobiHealth Inc. is a privately held corporation headquartered in Arlington, Virginia. As a provider of mobile health care solutions, MobiHealth offers health care facilities and practitioners a suite of mobile applications such as charge capture, prescription writer, order entry and clinical modules, to enhance health care delivery at the point of care.

Their award-winning solutions connect disparate systems creating a personalized approach empowering health care practitioners with the latest in innovative wireless technologies that streamline operations, reduce errors, reduce cost, increase revenue, and comply with all regulatory requirements. More MobiHealth news can be found in the VMW July 2004 article MobiHealth forms strategic alliance with Medco Health Solutions to connect physicians, patients, pharmacies and health care plans


Leslie Versweyveld

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