ATLANTA, April 5 /PRNewswire-FirstCall/ -- NDCHealth Corporation today announced that, in connection with its previously announced review of its practices and procedures relating to the timing of revenue recognition of sales to the value-added reseller channel in its physician business unit, a special committee of its board of directors has been constituted to conduct an investigation and report to the board. The special committee has engaged the law firm of Kilpatrick Stockton LLP to serve as its legal counsel, which has engaged Deloitte & Touche LLP to serve as its financial and accounting advisor.
NDCHealth intends to release its 2004 fiscal third quarter financial results and file its Quarterly Report on Form 10-Q containing such results as soon as practicable after the completion of the special committee's investigation.
About NDCHealth
NDCHealth is a leading provider of health information solutions that add value to pharmacy, hospital, physician, pharmaceutical and payer businesses.
NDCHealth CorporationCONTACT: Robert Borchert, VP, Investor Relations of NDCHealthCorporation, +1-404-728-2906, or robert.borchert@ndchealth.com
Web site: http://www.ndchealth.com/