TROY, Mich., June 29 /PRNewswire/ -- Delphi Medical Systems, a subsidiary of Delphi Corp. , acquired the principal assets of Caretools, a provider of technologically advanced electronics medical record, EMR, systems.
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"Delphi Medical's new software package will make Delphi Medical Systems the only provider of easy-to-use handheld devices that can monitor and provide 2-way communication with a variety of medical devices," said Christophe Sevrain, Delphi Medical Systems managing director. "The combination of Delphi Medical's devices and this software application can reduce costs and save time for health care providers, helping them optimize resources and provide care where and when patients need it most."
This acquisition enables Delphi Medical Systems to immediately offer this complete electronic medical record system to healthcare providers on both personal computers and Personal Digital Assistants or PDAs.
"This strategic acquisition is expected to strengthen our presence in the medical device market and more importantly, help reduce healthcare costs. By allowing more frequent patient virtual visits through remote patient monitoring, these products help enhance patients' quality of life," Sevrain said. "Additionally, by helping health care providers become more efficient and facilitating more frequent remote medical data exchanges, we also help reduce overall costs for both patients and care providers."
The software will soon be enhanced to provide short- and long-range digital communication between the care provider and I.V. pumps, vital signs monitors, respiratory devices, and dialysis equipment, all of which are supplied by Delphi Medical. Medical devices made by other companies can also be connected to the software. These medical devices are used in alternate sites such as long-term care facilities, nursing homes, doctors' offices, specialized clinics, and ambulatory care vehicles.
This product was developed for GE Medical Information Technologies, which still owns the licensing rights. The software can be used with any Windows- based PC, or Windows CE-based PDA, enabling doctors and nurses to continuously update, view, exchange and print patients' information. The system complies with the Health Insurance Portability and Accountability Act, HIPAA, by protecting patients' health information.
About Delphi Medical Systems
Delphi Medical Systems is a world-class provider of technology, products, and product development and manufacturing for Dialysis, Infusion, Respiratory Care, Vital Signs Monitoring and Power Mobility. Its capabilities stem from Delphi's vast technology base, product development expertise and manufacturing excellence.
For more information on Delphi Medical Systems, please visit its website at: http://www.delphimedical.com .
FORWARD LOOKING STATEMENT
All statements contained or incorporated in this press release which address operating performance, events or developments that we expect or anticipate may occur in the future (including statements relating to future sales or earnings expectations, volume growth, awarded sales contracts or statements expressing general optimism about future operating results) are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's current views and assumptions with respect to future events. Important factors, risks and uncertainties which may cause actual results to differ from those expressed in our forward-looking statements are discussed in detail in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2003. In particular, the achievement of projected levels of royalties and profit margins over a licensing agreement will depend in part on customer demand which may be affected by, among other things, uncertainty of product development and manufacturing, uncertainty about obtaining and maintaining FDA regulatory clearances and the timing of receiving marketing clearances, uncertainty relating to third party reimbursement, ability to convince health care professionals and third party payers of the medical and economic benefits of the licensed products, changes in general economic conditions, and changes in our ability to satisfy service, technology, quality and other requirements. Delphi does not intend or assume any obligation to update any of these forward-looking statements.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20050222/DETU002LOGODelphi Medical SystemsCONTACT: Luce Rubio of Delphi Medical Systems, +1-248-813-2618,luce.rubio@delphi.com
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