LOS ANGELES, March 14 /PRNewswire-FirstCall/ -- CompuMed, Inc. -- a medical informatics company serving the healthcare community with diagnostic software solutions -- today announced it has signed a one-year agreement with Correctional Medical Services, Inc. (CMS) to provide correctional facilities with electrocardiogram (ECG) remote interpretation systems and services.
Under the terms of the agreement, CompuMed will become a CMS value-added partner. It will employ its CardioGram system to provide remote cardiac screening for detainees at 68 correctional facilities that outsource healthcare services to CMS. The agreement with CMS extends CompuMed's dominance as a provider of remote ECG screening for the correctional market. Over the past two years, the company has announced long-term contracts with correctional departments in several states including New York, California and Nevada.
Based in St. Louis, CMS is a leading provider of comprehensive healthcare services for correctional systems, serving more than 300 jail and prison sites in 27 states.
"We are delighted to join Correctional Medical Services' efforts to provide correctional facility clients with cost-efficient, quality healthcare," said Jerry McLaughlin, CompuMed's CEO. "We believe this agreement establishes a solid foundation for our growing partnership with CMS."
CompuMed's traditional core business is providing remote ECG interpretation terminals and related services to medical facilities that may not have access to physicians trained and qualified to interpret ECG results. Customers for the Company's CardioGram system are typically correctional facilities, ambulatory surgery centers, occupational health clinics and physicians' offices. The system reduces healthcare costs significantly by providing remote cardiac screening at the point-of-care. Another advantage is an optional feature that automatically sends ECG results to a trained cardiologist for an overread when the results are abnormal.
About CompuMed:
Founded in 1973, CompuMed, Inc. is a leading provider of computer-aided telemedicine and diagnostics technology. The Company's core products are the OsteoGram and CardioGram systems. The OsteoGram, which is cleared by the FDA for commercial use, is an accurate and precise technology for low-cost osteoporosis testing. The CardioGram system remotely interprets electrocardiograms and is used by private practice, government and corporate healthcare providers nationwide. CompuMed is headquartered in Los Angeles. Visit CompuMed at www.compumed.net or call (310) 258-5000.
About CMS:
Correctional Medical Services (CMS) is the nation's premier provider of healthcare services to prisons and jails. With a presence in 27 states, CMS is truly the industry leader in correctional healthcare. This leadership is based on CMS' ability to consistently meet and exceed customer expectations. CMS has more than 6,000 employees and contract providers responsible for their success in providing character and expertise, traits that are vital and necessary in helping CMS provide a high standard of healthcare.
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning CompuMed's plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements that are not statements of historical fact. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, ability to raise capital, the availability of appropriate acquisition candidates and/or business partnerships, economic conditions, the impact of competition and pricing, capacity and supply constraints or difficulties, government regulation and other risks identified in the Company's filings with the Securities and Exchange Commission. All such forward-looking statements are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.
CompuMed, Inc.CONTACT: Erik Deutsch of Tellem Worldwide, +1-310-479-6111, ext. 15,edeutsch@tellem.com, for CompuMed, Inc.
Web site: http://www.compumed.net/
