BUFFALO, N.Y., July 15 CTG (Nasdaq: CTGX), an international information technology (IT) solutions and services company, announced today that it was named by Healthcare Informatics to its annual ranking of the 100 largest healthcare IT providers, the Healthcare Informatics 100 (HCI 100). CTG was named to the HCI 100 list based on its 2008 revenue for the healthcare provider market. In addition to other large healthcare IT consulting firms, the list includes the leading hospital information systems companies and other healthcare-related software firms. The HCI 100 list appears in the June 2009 issue of Healthcare Informatics, a leading CIO-level publication published by the Vendome Group, that specializes in issues of system selection, project management, enterprise integration, change management, and budgeting for healthcare organizations.
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"CTG is pleased to again be recognized by Healthcare Informatics as one of the 100 largest suppliers of healthcare IT to the provider market," said James R. Boldt, CTG Chairman and Chief Executive Officer. "In total, our healthcare business represents over 25% of CTG's revenue and remains the major focus of our growth efforts. We are moving forward with our strategy to expand our strong healthcare IT business by building our portfolio of breakthrough solutions targeted to the healthcare market and by leveraging our significant electronic medical records experience."
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Thomas Niehaus, President of CTG HealthCare Solutions (CTGHS), added, "CTG continues to be recognized as an industry leader in the consulting category, with HCI ranking us eighth in consulting revenues to the provider market. We are also well known for the strength of our expertise and client service as evidenced by the consistently high ratings CTGHS receives from KLAS, the leading independent organization evaluating healthcare IT providers."
CTG supports the healthcare provider market through its business unit, CTG HealthCare Solutions (CTGHS), which provides clinical, financial, and operational IT and business solutions to healthcare institutions, physician practices, and related organizations. Additionally, CTG serves the healthcare payer and the life sciences market through separate practices within its healthcare business. Collectively, these businesses contributed approximately 26% to CTG's total 2008 revenue of $353.2 million.
Healthcare Informatics compiled the HCI 100 list based on 2008 healthcare IT revenue from companies supporting the technology needs of healthcare organizations. For more information about the HCI 100 and to access the June 2009 issue of Healthcare Informatics, visit www.healthcare-informatics.com/.
CTG HealthCare Solutions is a leading information technology consulting firm dedicated solely to helping healthcare institutions, physician practices, and related organizations achieve clinical and financial goals through effective technology and business solutions. More information about CTGHS is available on the Web at www.ctghs.com.
Backed by over 40 years' experience, CTG provides IT solutions and services to help our clients use technology as a competitive advantage to excel in their markets. CTG combines in-depth understanding of our clients' businesses with a full range of integrated offerings, best practices, and proprietary methodologies supported by an ISO 9001:2000-certified management system. Our IT professionals based in an international network of offices in North America and Europe have a proven track record of delivering high-value, industry-specific solutions. CTG serves companies in several industries and is a leading provider of IT and business consulting solutions to the healthcare market. CTG posts news and other important information on the Web at www.ctg.com.
Safe Harbor Statement
The above-referenced presentation will contain certain forward-looking statements concerning the Company's current expectations as to future growth. These statements are based upon a review of industry reports, current business conditions in the areas where the Company does business, the availability of qualified professional staff, the demand for the Company's services, and other factors that involve risk and uncertainty. As such, actual results may differ materially in response to a change in such factors. Such forward-looking statements should be read in conjunction with the Company's disclosures set forth in the Company's 2008 Form 10-K, which is incorporated by reference. The Company assumes no obligation to update the forward-looking information contained in this release.
Today's news release, along with CTG news releases for the past year, is available on the Web at www.ctg.com.
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CONTACTS: CTG Healthcare Solutions: N. Clair Detraz, Vice President, Strategic Planning & Marketing, CTGHS (513) 564-0909 [email protected] CTG: Richard Dye, Director of Marketing Communications (716) 887-7306 [email protected]
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